The activities and actions of the Company during the coming 12 month period will be focussed on :
• Continuing the operations of the Company on a going concern basis, in accordance with the Deed of Company Arrangement, and the resolutions approved by Shareholders at the Annual General Meeting of the Company that was held on 18 July 2017;
• Continuing to ensure that the Company’s health, safety, environmental and community related objectives are at the forefront of all decisions made by the Company;
• Finalising the selection of the site for the first commercial demonstration project in China with the Jinhong Joint Venture;
• Following the selection of the site for the first commercial demonstration project in China, completing any required commercial negotiations for access to the site, completion of detailed design and planning works, and the commencement of on-site development activities;
• Continuing to monitor the progress of Ascot Energy in advancing opportunities for project developments in Indonesia;
• Continuing to be aware of all project development opportunities outside of China, that the Company may be able to capitalise on in the future; • Continue to assess relevant commercial opportunities for use of the Bloodwood Creek Site for alternative purposes, and in seeking to maximize value from the assets held at Bloodwood Creek;
• Continuing all required monitoring and rehabilitation activities at the Bloodwood Creek Site;
• Finalising the recruitment of the executive team, and further building and enhancing the Company’s technical team; and
• Ensuring that the Company’s expenditure levels are actively monitored and managed, so that all available resources are applied to project development opportunities.
HEALTH, SAFETY, ENVIRONMENT & COMMUNITY
There were no reportable health, safety, environmental or community related matters or incidents recorded during the quarter, or subsequent to the end of the quarter up to the date of issue of this report.
BUSINESS DEVELOPMENT
The Company’s number one priority remains to establish keyseam as a commercial technology to be licensed in China and to take the Company forward to support its current and future projects. The significant majority of the Company’s efforts will be applied to ensuring the success of the Jinhong Joint Venture. The Company continues to monitor the progress of Ascot Energy in advancing opportunities for project developments in Indonesia. The Company continues to assess relevant commercial opportunities for use of the Bloodwood Creek Site for alternative purposes, and in seeking to maximize value from the assets held at Bloodwood Creek.
CNX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
