Ann: Response to Qld Government announcement on UCG industry-CNX.AX, page-30

Mcbj.......given the delays we have experienced along the way........there will be no 'quick time' response other than from Management we might hear '....we have written to the relevant Gov Dept to seek an explanation & clarification as to their reason for their decision relaeased yesterday....etc...' After weeks & weeks of further delay, we might receive a short response .....we decided not to proceed with keyseam technology....' Meanwhile, the already microscopic share price will head south very quickly to barely visible. This news is catastrophic to a struggling company that's already on its knees. Our oriental white knight is rubbing his hands together so fast it's burning his palms right now. He already had a bargain basement price....now it's official that Australia (via QLD gov) is too stupid to embrace this green energy source by utilising otherwise useless coal reources.....it will virtually be free for him. So Indian (Adani) & chinese (Kam Lung) investors win BIG TIME....aussie investors supporting a CSIRO home grown technology are slaughtered financially in every way like lambs to the slaughter ! Such an incredibly murky story that it could be a movie one day when all of our kids are making coffee & working as casual shop keepers (as a career) while renting a small apartment and attempting to raise a family. All IMO of course.