Just a load of crap. Carbon stated the following back when they terminated the agreements. Just a way to get back at cnx in hards times, probably a good time to pick up some more shares at a cheap prices, IMO.
"As reported by the Company in the Half Year Accounts for the period ending 31 December 2012, the Amasra project will not proceed due to the coal resources not meeting fundamental UCG requirements or representing a large enough coal resource to economically extract syngas, and it is proposed that the associated Joint Venture be terminated."
Just a load of crap. Carbon stated the following back when they...
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