This is all up in the air now and we can only depend on the investor/buyer from China.
The fact that CNX will not spend another penny in Queensland after the criminal decision
made by the Queensland Labor Government . We can only hope that we can get a small whiff
of any overseas investment. Now after that decision and I had to rescue the company I'm bloody sure I wouldn't be sending any money back to Australia. They now own the Keyseam system so why would they be silly enough to pay royalties to the ar-sole Government that
closed them down after passing all that was ever asked of them. The track record is looking good now for closing down Queensland for investors ie The Southport Spit Decision .
We can't take a class action until we have sold all the shares we have and can prove that we have had a loss. Slater & Gordon and Maurice Black Burn wont touch it and I believe it is because that it would be against their own political friends. I for one would like to see any emails or details regarding the real reason for closing down the Keyseam system. Don't worry you can bet the headlines will be "the Chinese have taken Australias technology"
Crap!! it was given to them by us the shareholders by the despicable and in my view a corrupt Queensland Labor Government.
CNX Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held