CNX - Carbon Energy

[springhill]

I have written to Mr Ian Walker today asking what the hell the board is going to do about this mess. If they have been in talks with the QLD Govt since the arcticle, or if they are simply going to sit by and let this sink into oblivion. Also pointed out their ASX response to the arcticle was p!ss weak. Awaiting a reply..... maybe i shouldnt hold my breath
The only contact point i could find was metex@metex.com.au if anyone has another, or a more recent one id be grateful

 

[swill]

Sprigy,
why worry, nothings changed!!
This is just the last ditch attempt to get in at a low price.
Should be happy to pickup more at such a good price,
i say bring it on down people because when the trial proves
to be a success there is only one way the sp is going.
Fear not seems to be a bit of manipulation here to weed
out the week im in for the long haul.

 

[springhill]

Sprigy,
why worry, nothings changed!!
This is just the last ditch attempt to get in at a low price.
Should be happy to pickup more at such a good price,
i say bring it on down people because when the trial proves
to be a success there is only one way the sp is going.
Fear not seems to be a bit of manipulation here to weed
out the week im in for the long haul.

As i have stated in a previous post swill, long term i am not worried. Just wanted to voice my opinion, as is my right to do so, to the board as someone who has invested hard earned dollars in CNX, as i am hoping other investors have aswell. I want to know the management is not taking this lying down and sitting on their hands.... i want some answers as to what they have been up to in the last week
As also stated may have been the capitulation low today, the bounce off 26 today may prove me right or wrong, tomorrow should be interesting

 

[Hatchy]

Does anyone here have any detailed info on what it's going to take for CNX to get this thing going? i.e. How the engineering is going to work, what makes this any different to the LNC technology? etc etc?

 

[springhill]

CNX starting to look good today, sellers drying up up over 10% at the moment could see a nice run back up to fair value after being unfairly oversold. Fingers crossed

 

[bluedylan]

CNX starting to look good today, sellers drying up up over 10% at the moment could see a nice run back up to fair value after being unfairly oversold. Fingers crossed

My thoughts to Springhill!

a nice ride today - up 19%. I will be watching, as i am sure alot of us will, over the next few days to see what happens. But after a week or so of being in the black it is nice to see a substantial rise.

I look forward to the results of trials in October.

 

[denis_413]

Short term CNX is really starting to concern me, this is in danger of falling back sub 30 cents. Ludicrous considering the other 2 UGC players in Queensland ( LNC and CXY ) have held their ground comparitively well. Cant understand why this one has had the big stick taken to it. Unlike LNC, CNX has no tenemant conflict, and it is miles ahead of CXY in terms of development. Doesnt seem to be able to gain any traction for a share price rebound. Long term the future for this one is bright IMO. James id like to hear your opinion

hi springhill, where did you get that CNX has no tenement conflict??

i am a holder of CNX and in it for the long haul as i believe like many there is great potential here.

 

[springhill]

hi springhill, where did you get that CNX has no tenement conflict??

i am a holder of CNX and in it for the long haul as i believe like many there is great potential here.

Aha good question denis, im going to have to put my hand up here and say mea culpa. CXY and CNX both released an ASX response to the Australian arcticle, and it was actually CXY that said they have no tenemant conflict ( the nearest party being 100 km away ) and mistakenly got the 2 announcements confused, here is a direct quote from the ASX response .....
"Along with other industry participants, Carbon Energy is taking part in a Queensland Government Interdepartmental Working Group that is reviewing overlapping tenure issues and working on ways for all parties to work cooperatively within their tenemants. The Group is yet to report and Carbon Energy feels that any comments on the outcomes are premature"

This doesnt actually say that CNX has tenemant issues but on the other hand why would they bother mentioning it if there wasnt some sort of conflict? Then again there has been no legal action taken as in the case of LNC ( which is minor as i believe it only applies to 1-2% of the land ) and i hae heard no mention of any other company having any claim over any CNX landholding. Sincere apologies if my post mislead anyone

 

[Stykes]

It is worth pointing out that CNY (who have informed the market that they do not have an overlapping tennaments) are also participating in the Queensland Government's intergovernmental working group on this issue, so CNX's participation in this same group should not be taken as a pointer to tennament issues.

 

[mhar9655]

I think that CNX needs to release a report or statement to the shareholders to let them know what is happening. LNC has been progressively releasing reports while CNX has remained very quiet.

 

[alf_ber]

what's up - CNX jumped last days from 0.3 to 0.5 A$ and nobody talks about I don't think, the latest Announcements are the reason for.

 

[awg]

could be upmove is a correction of the viscous oversell, based partially, at least, on media reports re tenement conflicts.

seems these concerns have faded...LNC has moved up a bit as well

rising oil price would help sentiment re this stock

i traded it succesfully as MEE, but then got caught holding a parcel at 50c

not selling at 30c feels better now!

tony

 

[springhill]

could be upmove is a correction of the viscous oversell, based partially, at least, on media reports re tenement conflicts.

seems these concerns have faded...LNC has moved up a bit as well

rising oil price would help sentiment re this stock

i traded it succesfully as MEE, but then got caught holding a parcel at 50c

not selling at 30c feels better now!

tony

Agreed pretty straight forward with this one, just a correction of the overcorrection. Not alot to do with tenemant conflict tho, more with the Qld Govt "supposed" favouring of CSM over UGC. BS IMO, think they will both be let run free in time, too much money and royalties at stake here for governments to kill off either.
Heading back to what i consider fair value (mid 50s) IMO, thats not based on TA or FA as im not qualified to comment on either.... to me fair value is the point at which i would neither buy nor sell (Keep It Simple Stupid)

 

[bluedylan]

Agreed pretty straight forward with this one, just a correction of the overcorrection. Not alot to do with tenemant conflict tho, more with the Qld Govt "supposed" favouring of CSM over UGC. BS IMO, think they will both be let run free in time, too much money and royalties at stake here for governments to kill off either.
Heading back to what i consider fair value (mid 50s) IMO, thats not based on TA or FA as im not qualified to comment on either.... to me fair value is the point at which i would neither buy nor sell (Keep It Simple Stupid)

couldn't have summed up my thoughts better springhill. Looking forward to the next couple of months with some more positive results from the trial.

 

[loopy_louie]

Great investor presentation released...

Expect a good day today.....

I disclose holdings

 

[grace]

For those who picked up that falling knife, it has been a good ride (I got it right for once).

Good day today, going through 55 and then 60cents was important I thought. Chart looks bullish to me, but I'm no tech head.

 

[catman]

LOL Indeed it was one hell of a falling knife but was supremely confident CNX would come back after the Australian article sold a few dud stocks to get them, opportunity of the year really stating to pay off now and more to come once the trial is producing syngas.

Holding 300k at an avg of 0.31. Keep an eye out for a resource upgrade and new highs soon.

 

[unit]

Yep, good day today.
MMB of which CNX hold 10million shares, had a great announcement today.
from the announcement:
• Anglo American plc will acquire 13.47 million shares in Magma Metals at $0.60 per share for a total consideration of $8.08 million for a 12% interest in the Company (10% on a fully diluted basis).
• It is planned to issue the shares and complete settlement of this transaction within five business days.
• The funds will primarily be used to progress the Company’s advanced Thunder Bay North Platinum-Palladium-Copper-Nickel project in Canada.

 

[Onethong]

Hi ho we go high, MARKET DEPTH
0.695 0.080
13.008% 2182993 244 0.665 0.715 0.615 0.660 NR
SO NICE TO BE GREEN ON A WINNER

 

[springhill]

Hi ho we go high, MARKET DEPTH
0.695 0.080
13.008% 2182993 244 0.665 0.715 0.615 0.660 NR
SO NICE TO BE GREEN ON A WINNER

Hard to wipe the smile off my face with CNX today
If it keeps going at this rate you may be able to splurge on a matching second thong mate!