“As a government, we support our resources sector for the jobs and economic growth it generates, but UCG activity simply doesn’t stack up for further use in Queensland.”
I really hope CNX challenges the government over their doesn't stack up analysis and gets compensation for their ill informed decision to ban UCG.
Money lost on their succesful UCG trial would be a start and then loss of future income. Sounds like it could be billions of dollars to me.
CNX Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held