Thank you @Mandrum for your posts!!!!!!! helping people to...

First 28 Last

Share
Profile

Follow
nikcola

578 Posts.

19/05/15

18:05

Post #: 15310254
Share

Originally posted by Madrum ↑

CNX are in a holding pattern at the moment, awaiting approval to proceed with application. If you read the last few quarterlies it will probably give you a better idea of how they have been traveling.

The Zhengzhou Project is in Hiatus for the time being. Had a whopping reduction in Profits, change of management and previous CEO arrested. Given the costs of moving forward, IMO they may well await to see how CNX go with this project first before continuing.

There are still 13-14 months left on the options. Personally I think for them to come into main play when approvals are received and CNX announces Finance (JV) in place. Such would also boost their bank balance significantly.

CNX have done the work, they have been examined by independent consultants and from my point of view, proven their tech. Now we await the Bureaucratic, currently at last stage with DMNR (well last we heard anyway) and Political decisions.

Still a spec gamble and all the risks associated with that, but for money, especially given all the scrutinized work done to date, there may be great potential both in short term and long term. I'd rather be in SAus than QLD, but that's a discussion for another day.

Expand

Thank you @Mandrum for your posts!!!!!!! helping people to understand CNXs project!!!!cheers

CNX Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

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

RDG

Resource Development Group posts 5.48Mt update for Ant Hill manganese project

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 31 more messages in this thread...

First 28 Last

Add CNX (ASX) to my watchlist

Thank you @Mandrum for your posts!!!!!!! helping people to...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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

Resource Development Group posts 5.48Mt update for Ant Hill manganese project

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025