We are in our 7th month now waiting for a response from the Queensland Govt to get approval for this project.
The share price has slipped down to very low low levels and I feel sorry for the many who purchased shares in the 9 cent range last year.
Looking at the top 20 share holders gives me some hope that approval will be granted especially when the CSIRO holds a large chunk of shares too.
CNX has ticked all the boxes and have proof there is no ground water contamination around their site.
QLD certainly needs to generate some work and this project would create many jobs during the construction phase and beyond.
If CNX receive a negative response for this project, the government would need a very good reason for not allowing it to proceed.
I am waiting, listening to the crickets chirp, feeling impatient but also quietly confident we will get the green light for this project to proceed.
It would be nice to hear some information from CNX management about the extended time for application approval but I understand the change in government may have brought this about.
Crickets are still chirping.
CNX Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
