Accumulation continues - positive week(s) ahead, page-17

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Iwonder

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05/07/16

19:15

Post #: 18199617
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Originally posted by 71c4 ↑

I do have a preference not to deal with Chinese companies from my experience trying to get money out of them for work completed in the mining industry. I've also passed on tendering on jobs due to them being Chinese backed and its saved me in the medium term from much financial pain.

If you are asserting that I am a racist because my own personnel business dealings with Chinese is negative then that's a big yes. I have also done business in Indonesia and got paid no problem but that is another place that I would never spend any real money to offer a service, just too dodgy.

In summary business ethics China when dealing with foreigners very bad, CNX going to China very bad, likelihood of shareholders seeing a return on investment in China very little, thinking that any deal in China doesn't carry significant risk very silly, risk of Chinese using technology as they see fit for nil return to CNX very likely.

Is the CNX tech commercially viable in the current gas market, legislative environment in Australia and countries that CNX can operate?

Is the company ever going to provide a financial return to shareholders or will it limp on for years keeping the expensive plonk up to Directors?

Is CNX stuffed?

71c4
PS Have you been to China, I have. The everyday people are lovely, like a laugh, very inquisitive about foreigners and smile a lot. The hierarchy seem to be entrenched haters.

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Mate, we will let the market decide. A few days ago there were 170 million shares changing hands with the price hitting 2.7 cents. That was a very hungry buyer.
Its all to do with perception and risk tolerance and patience.
I believe UCG has a place in the energy mix in the present and future. If you do not trust in the technology I am not interested in converting you .
Is CNX stuffed? With USD30 million coming their way, I do not think so.

CNX Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Accumulation continues - positive week(s) ahead, page-17

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Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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