A lot of misinformation and scare tactics being played. But then again, I don't care except when they try and ply misinformation about UCG. The Cougar Energy Debacle was played up out of all proportion, as is Linc Energy's fracture. CSG is having a difficult time establishing a large foothold in NSW. Gloucester is their latest attempt and they are hitting significant local antipathy. They tried in the lower Hunter and got kicked where it hurts.
I would like to see CNX and the UCG Association getting more public awareness out there about the benefit of UCG and lower risk etc (I know, I harp on that). However Demo plant aside, we may need a working Commercial Plant to be able to point to and wave as a flag including cost/profit/production analysis.
In the mean time, low volume sales are playing CNX, basically holding between 4.2 and 4.6
Worth keeping an eye on actual volumes, if the buy volume dramatically increases, might or may be a tip off for us mushrooms, either that or canny traders
