Read the Independent Expert's Report over the weekend. I'm...

Read the Independent Expert's Report over the weekend.

I'm pretty exited by the most recent string of announcements. Major show of support for management + strategic nature of the technology as well as de-risks  cash-flow issues in the short to medium term (1-4 years). All positives, which I don't think the market have been fully recognised in the market (maybe we have to wait until after the AGM vote on 30/11 for the sp to start moving again?).

CNX has a proven technology and now has a new commitment from a major shareholder who is bank-rolling expansion into China.

IMO further sp upside from any announcement by QLD government on Australian project(s) OR from other similar JV announcements outside of China.

Highlights:
Kam Lung shareholding in CNX will increase to 19.99%, and as far as I can see has the ability to increase up to ~32% if he takes up in full his July 2016 options at 6 cents each (and no other shareholders do).

The Company has now welcomed Kam Lung's owner Zhuang, Hai Hui the Board of Directors.

A 70/30 JV to be formed between Kam Lung Affiliate and CNX in China, capitalised by Kam Lung to the tune of AU$40m (CNX capitalisation ~AU$25m).

CNX to be Exclusive Service Provider and will provide necessary technical and design services support, supervision and training for all JV projects on a cost plus basis under an exclusive technical services agreement with the joint venture (read: ongoing cash flow).

In addition to capital, Kam Lung brings invaluable business and government contacts in China.

But wait, there is more...

Cheers

mmmmgus