My take on all this is very simple - CXY stops giving Qld Govt grief in court and Qld Govt will stop giving it grief in Kingaroy - quid pro quo! This gives CXY some clear air to raise some more bucks and get KIngaroy back on track and gives Newman one less problem to worry about and an opportuity to make a hero of himself by greenlighting UCG in Qld. Win - Win as I see it - some pain for shareholders short term but a winner long term. Anybody that is investing in CXY for short term gains - is in the wrong business!
CXY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held