My gut feeling is that the announcement on Monday has now...

My gut feeling is that the announcement on Monday has now brought things to ahead. It's been simmering away for too long. The politicians will now get the message that a ground swell / silent majority won't take it.

Shock sell off therefore just temporary.

I'm now thinking one of two things might happen (both potential wins);

1. The QLD Gov will exempt Carbon Energy’s unique CSIRO developed key seam technology from the Ban.

2. Our legal council will go after the QLD Gov for compensation of ~$150m (approx ten times our current valuation) .

Lot's of big numbers are being thrown about, re Valuation

'...the valuation attributed by accounting firm PwC of up to US$40 million to our Technology Licence Agreements for China...'

'...APP Securities values CNX at in excess of $225 million excluding the value attributed to our Queensland assets.'

'and Carbon Energy’s Surat Basin gas reserves have (in the past) been valued at a conservative $205 million.'

Source: http://www.heraldsun.com.au/busines...-the-right-notes/story-fni0d787-1227106447437

The China JV 100% backed by JinHong is being funded by a US$30 million investment, which will soon provide CNX with an ongoing income revenue source through professional services contract for the project at cost +15% . JinHong has a ~29% holding in CNX which it won't be walking away from any time soon.

All this for under 1cent a share OR $15.9M Market Cap!! Glad I topped up my holding by ~23% on Tuesday. IMO The future is looking bright.