I'm no expert and watched the ABC show with great interest. The first thing that came to my mind was the geology of the LNC site. I think LNC do have a huge problem and I think part of the problem stems from their early foray into the technology. Obviously there is a time and place for all technology. I think LNC may have used the technology on coal seams too close to the surface. I don't know for sure. The second issue is the area was not their land. That is one area where CNX is different. We own our own land and as far as I know it's not suitable for farming. A huge plus. I also think our coal seam is extremly deep and will never affect the surface strata. It would be nice to get more timely updates from the company however and time will tell our future in Australia. Let's not forget the company has interests outside Australia which still have huge potential.
CNX Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
