The options expire at the end of the week (read: overhang removed). Hopefully soon after we will get an indication if anyone is going to make a move on CNX), however the question is whether we will have to wait days/weeks or months?
While we wait for that, I would expect some news from the JV soon as well as an announcement regarding a new CEO (this week?) It will be very interesting to see where they will be based - QLD, HK or China?
Mean while the buying support has disappeared - and the sp has broken 1.3cents - unbelievable!
CNX Price at posting:
1.2¢ Sentiment: None Disclosure: Held
