"anh.d=got i feeling that 40mil buy gonna get smack in the short...

"anh.d=got i feeling that 40mil buy gonna get smack in the short term."

I have to agree and took the 0.003(although interesting enough at time of posting it hasn't appeared on market, it may of course hit internal and have been done off market).

Sorry guys but I am out, I've taken a small hit and I'm done and dusted with CXY. If they owned the UCG IP it may have been different, but they don't so that's that.

IMO for myself, I'm not out because I don't think there is still potential here. I just think it is greatly reduced other than in the very long term. I came in on the UCG potential (which CXY as far as I know is still paying the 750K p.a licence fee), not a coal mine potential. Also psi81 comment on that http://hotcopper.com.au/post_threadview.asp?fid=1&tid=2045192&msgno=9525347#9525347 regarding ash content is worth noting to me as far as the results to date.

With licencing fee plus admin costs. This CR which caused so much more dilution for what amounted..... sorry I could go on, but for my investment I see further CR's down the track, unless they are able to gain a JV cornerstone, then there will be % dilution there if that is the case. With CXY seeming by this CR having no problem cutting out us retail investors. I would have liked to see a consolidation as well to give a greater trading range, however that did not occur either.

I was going to hang on to see what the Supreme Court matter resulted in and a possible small profit, but due to other commitments decided on heading out the Exit door that was naggingly flashing at me in my own mind.

For those holding on for the long term, I wish you all the best of luck.