CNX 0.00% 0.0¢ carbon energy limited

Richbyatch, this is probably what CNX was alluding to regarding...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,906 Posts.
    Richbyatch, this is probably what CNX was alluding to regarding Linc, As sirhcdobo said, I think LNC is taking or seeking legal action of some sort.

    http://www.abc.net.au/news/2015-05-14/linc-energy-leaks-queensland-government-probe-abc/6470124

    There has also been calls in some sectors for a Royal Commission into CSG. personally I doubt we'll see such of anything anytime soon, it'd be nice to be wrong though.

    This is also another read from SMH re CSG and ex Gov personnel...

    http://www.smh.com.au/nsw/csg-industry-hires-wellconnected-staffers-20150524-gh2rg3.html

    It's a simple fact that CSG and UCG cannot operate physically side by side and QLD is most definitively a CSG State. One of the reasons I'd prefer South Aus, but CNX Coal resources aren't there and at the moment we don't have the money to be buying such as far as I know. CNX present bank balance is also a concern. I certainly hope that the info is correct and we get a result from Qld Gov within the month.

    For any new comers over the last year or so, this is a particular good read from Neil Scott Lawyers. In particular from 2.2.1 onwards, with exceptional note of 2.3.5 IMO there has yet to be significant public awareness of the difference. Indeed most people appear to be unaware of the difference and indeed do lump CSG and UCG together. I've been saying it for a couple of years that there is a need for public awareness for this if CNX is to succeed, especially where any social license is required.

    http://scottlaw.com.au/wp-content/uploads/2015/02/UCG-ProjectsRegulation_Australia.pdf

    Which brings back the 'leaked' allegations against LNC and the subsequent lambast by Alan Jones and the President of Lock the Gate, who to me seem to be lumping UCG in with CSG.

    http://www.2gb.com/article/alan-jones-drew-hutton-3

    For my money, my shares at present remain firmly in the drawer. One must make ones own decisions though.
 
watchlist Created with Sketch. Add CNX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.