CNX - Carbon Energy

[berbouy]

hi springhill-and some large trades went through yesterday afternoon, i was watching the market depth, and 1.6 million shares or so was slipped in in 3 lots i think, and quickly snapped up-happened so quick , i thought i was seeing things....then it just carried on as if nothing had happened, back at .6 to .605...perhaps something is going on.

 

[springhill]

hi springhill-and some large trades went through yesterday afternoon, i was watching the market depth, and 1.6 million shares or so was slipped in in 3 lots i think, and quickly snapped up-happened so quick , i thought i was seeing things....then it just carried on as if nothing had happened, back at .6 to .605...perhaps something is going on.

I've thought in the last month that there was some accumulation going on with CNX, maybe by one entity, maybe not. Has found excellent support around the 60 cent mark. We may well see a notice of new substantial holding appearing soon, or possibly a takeover bid.... not a ramp, just a thought. REY has had a takeover bid placed on them. CNX may be ripe for the picking before they possibly increase reserves or announce agreements with other companies for their syngas and other related products?

 

[SUNYA2006]

I've thought in the last month that there was some accumulation going on with CNX, maybe by one entity, maybe not. Has found excellent support around the 60 cent mark. We may well see a notice of new substantial holding appearing soon, or possibly a takeover bid.... not a ramp, just a thought. REY has had a takeover bid placed on them. CNX may be ripe for the picking before they possibly increase reserves or announce agreements with other companies for their syngas and other related products?

Can you make a further explanation when and how REY had a takeover bid on CNX. Rey only has a 38 millions maket capital ,I do not believe it has capabilty to take over CNX. It is reasonalbe that CNX purchase REY.

 

[springhill]

Can you make a further explanation when and how REY had a takeover bid on CNX. Rey only has a 38 millions maket capital ,I do not believe it has capabilty to take over CNX. It is reasonalbe that CNX purchase REY.

You've misread what i've said, or i didn't explain myself properly. REY have had a takeover bid placed on them by Gujarat (GNM), nothing to do with CNX, just pointing out there is action in the sector.
http://www.asx.com.au/asxpdf/20090603/pdf/31hxbysjhdr3yf.pdf

As a side note, UGC (focused on IRH) made the main headline in the business section of the Sunday Times this morn.

http://www.news.com.au/perthnow/story/0,21598,25966918-5017962,00.html

 

[SUNYA2006]

You've misread what i've said, or i didn't explain myself properly. REY have had a takeover bid placed on them by Gujarat (GNM), nothing to do with CNX, just pointing out there is action in the sector.
http://www.asx.com.au/asxpdf/20090603/pdf/31hxbysjhdr3yf.pdf

As a side note, UGC (focused on IRH) made the main headline in the business section of the Sunday Times this morn.

http://www.news.com.au/perthnow/story/0,21598,25966918-5017962,00.html

What is your opinion about the perspective of IRH? It has signed several agreement with Aussie and chinese partner in UGC projects. In comparison with CNX and LNC, do you think the stock price of IRH(7c) is undervalued?

 

[springhill]

What is your opinion about the perspective of IRH? It has signed several agreement with Aussie and chinese partner in UGC projects. In comparison with CNX and LNC, do you think the stock price of IRH(7c) is undervalued?

I'm not ovrly familiar with IRH so i cant give an opinion on that, its the markets opinion of IRH that matters, but you have to consider since May its price has increased approx 530%. In comparison with the other players thats very impressive.
CNX approx 50%
CXY approx 30%
SYS approx 140%
LBY approx 230%
REY approx 285%
LNC approx -35%

 

[SUNYA2006]

I'm not ovrly familiar with IRH so i cant give an opinion on that, its the markets opinion of IRH that matters, but you have to consider since May its price has increased approx 530%. In comparison with the other players thats very impressive.
CNX approx 50%
CXY approx 30%
SYS approx 140%
LBY approx 230%
REY approx 285%
LNC approx -35%

Thanks a lot for your information. I have two questions for your answer:
1: what is about perspective of CNX? Do you believe if it will reach 1$ in a short time according to its resource and UCG technology? Maybe a higher price is not a dream.
2: Please make a research in IRH. Today is deadline of its stock purchase plan. I think it can not be completed easily because current price is only 6c but new share cost 25c. If plan of acquisition of CLEAN ENERGY is approved in next general meeting ,300000000 units must be sent to it. So the nps will be diluted to app. 2-3c at that time. I think it is a good buy chance for us if such procedures will happen. Clean energy has signed several UCG agreements with domestic and foreign conterparts, I think its price will reach 20c or even more in comparison with similiar companies.
Look forward for your comment.

 

[YOUNG_TRADER]

I'm not ovrly familiar with IRH so i cant give an opinion on that, its the markets opinion of IRH that matters, but you have to consider since May its price has increased approx 530%. In comparison with the other players thats very impressive.
CNX approx 50%
CXY approx 30%
SYS approx 140%
LBY approx 230%
REY approx 285%
LNC approx -35%

You need to add LOD to that list of UCG plays that has delivered staggering returns from a low of 1c to 18c = 1800%

A very new player to the UCG sector is GCR, though the market has absolutely no idea it has moved into UCG as the company only somewhat mentioned it in its qtrly, once a proper UCG update is given I feel another strong re-rating will be had


Also from your list its interesting to see that the Mkt Leader LNC has performed the poorest

 

[YOUNG_TRADER]

breaking out and making new highs today

Go the UCG sector!

Cleaner and Greener power with greener bank accounts for us lol :

 

[SUNYA2006]

breaking out and making new highs today

Go the UCG sector!

Cleaner and Greener power with greener bank accounts for us lol :

Why did you say GCR is also coming in UCG area? It is just a mine exploitation company which has relation with chinese counterpart. I agree that CNX is breaking its peak price but need to be verified.

 

[swm79]

Why did you say GCR is also coming in UCG area? It is just a mine exploitation company which has relation with chinese counterpart. I agree that CNX is breaking its peak price but need to be verified.

because in GCR's quarterly report it states that GCR has been offered three coal tenements (and applied for a further four) in QLD... noting that the areas have the potential for UCG... AND that they intend to test the sustainability of them.

 

[SUNYA2006]

because in GCR's quarterly report it states that GCR has been offered three coal tenements (and applied for a further four) in QLD... noting that the areas have the potential for UCG... AND that they intend to test the sustainability of them.

Would you please give me exact date of such report? Thank for your information and I am just intending to find some opportunity.

 

[swm79]

Would you please give me exact date of such report? Thank for your information and I am just intending to find some opportunity.

its in the june 2009 quarterly report.

or you can do a search on GCR here and read about it on that thread.

 

[Mickel]

CNX has been powering ahead particularily over the last week or so. Currently up 1c today at $0.80

This is a list of prices and volumes over the last month-

CNX,"03 Aug 2009",.62,.65,.62,.63,4781859
CNX,"04 Aug 2009",.65,.655,.62,.63,5368036
CNX,"05 Aug 2009",.63,.63,.59,.59,1665928
CNX,"06 Aug 2009",.59,.65,.57,.625,3481163
CNX,"07 Aug 2009",.615,.62,.6,.6,1174781
CNX,"10 Aug 2009",.62,.62,.585,.6,1627330
CNX,"11 Aug 2009",.6,.6,.575,.59,1195243
CNX,"12 Aug 2009",.58,.635,.58,.625,8433617
CNX,"13 Aug 2009",.64,.685,.64,.68,3436200
CNX,"14 Aug 2009",.685,.7,.64,.67,5086835
CNX,"17 Aug 2009",.655,.66,.645,.645,1691993
CNX,"18 Aug 2009",.615,.615,.585,.605,2405370
CNX,"19 Aug 2009",.62,.63,.6,.6,1588525
CNX,"20 Aug 2009",.61,.61,.595,.6,3121404
CNX,"21 Aug 2009",.61,.64,.605,.615,4418951
CNX,"24 Aug 2009",.635,.66,.635,.645,2828929
CNX,"25 Aug 2009",.645,.67,.635,.66,3685238
CNX,"26 Aug 2009",.66,.69,.66,.685,3355525
CNX,"27 Aug 2009",.695,.72,.665,.715,5400891
CNX,"28 Aug 2009",.735,.74,.685,.72,6700015
CNX,"31 Aug 2009",.72,.755,.72,.75,3654538
CNX,"01 Sep 2009",.75,.75,.725,.75,1469624
CNX,"02 Sep 2009",.715,.745,.705,.715,1372139
CNX,"03 Sep 2009",.72,.795,.72,.79,4254297

 

[SUNYA2006]

It looks CNX will reach $1 in a short time. Maybe is next week. Acoording to analysis report of Southern cross, it is normal that CNX trades between 0.9-1.39. I think we can make a more bolder prediction.

 

[springhill]

Okely Dokely was watchin CNX today and after a rather ho-hum 3/4 of a day, things fired up into the final hour of trading. 8 million moved today, of that 4 million were shifted in the last 20mins. Of that 20 min block 3 million were snapped up in the space of 6 minutes (highlighted in red)!
Culminating in a 9.5 cent rise to finish the day at 85.5, nice work.

Trade
Number (s) Time
Last Traded Price Volume Change Value Number
of Trades
399 - 415 4:10:44 pm 85.5 271,622 0.5 $232,237 17
396 - 398 3:59:58 pm 85 55,000 0.5 $46,750 3
395 3:56:54 pm 84.5 15 1 $13 1
393 - 394 3:56:46 pm 85.5 50,050 2 $42,793 2
390 - 392 3:56:16 pm 83.5 18,864 0.5 $15,751 3
388 - 389 3:56:10 pm 84 26,000 1 $21,840 2
387 3:56:10 pm 85 56,115 0.5 $47,698 1
385 - 386 3:56:10 pm 85.5 18,000 0.5 $15,390 2
368 - 384 3:55:06 pm 85 380,000 0.5 $323,000 17
367 3:53:33 pm 85.5 2,000 0.5 $1,710 1
365 - 366 3:53:32 pm 85 38,651 0.5 $32,853 2
361 - 364 3:53:32 pm 84.5 21,814 0.5 $18,433 4
360 3:53:08 pm 85 2,850 0.5 $2,422 1
359 3:52:51 pm 84.5 3,500 0.5 $2,958 1
352 - 358 3:52:46 pm 85 48,000 0.5 $40,800 7
350 - 351 3:51:59 pm 84.5 19,985 0.5 $16,887 2
349 3:51:55 pm 84 10,000 0.5 $8,400 1
348 3:51:45 pm 84.5 15 1.5 $13 1
347 3:50:53 pm 86 48 1 $41 1
337 - 346 3:50:40 pm 85 344,270 0.5 $292,630 10
334 - 336 3:50:40 pm 84.5 23,000 0.5 $19,435 3
323 - 333 3:50:40 pm 84 148,314 0.5 $124,584 11
318 - 322 3:50:11 pm 83.5 58,440 0.5 $48,797 5
305 - 317 3:49:33 pm 83 357,934 0.5 $297,085 13
300 - 304 3:47:06 pm 82.5 299,800 0.5 $247,335 5
291 - 299 3:45:57 pm 82 649,000 1 $532,180 9
288 - 290 3:45:10 pm 81 373,373 0.5 $302,432 3
283 - 287 3:44:47 pm 81.5 419,450 0.5 $341,852 5
277 - 282 3:44:38 pm 81 276,102 0.5 $223,643 6

Graph shows the late day movement

 

[jonnohowe]

Might have been snapped up late yesterday when it was ann that Andrew would be on Sky Business News - anticipating a retail rally after he appeared. Perhaps not, but we've seen the likes of LNC, and we know the potential. It's not far away now.

 

[springhill]

Might have been snapped up late yesterday when it was ann that Andrew would be on Sky Business News - anticipating a retail rally after he appeared. Perhaps not, but we've seen the likes of LNC, and we know the potential. It's not far away now.

Any ideas why up until this point today there are 35 trades of share quantity sizes <500 shares? Haven't come across this with CNX before
Does it mean anything, or nothing at all?

 

[jonnohowe]

Any ideas why up until this point today there are 35 trades of share quantity sizes <500 shares? Haven't come across this with CNX before
Does it mean anything, or nothing at all?

Funny you say that, same thing happened with EXT a while back when it was $7.50 ..think it's automated trading systems trying to manipulate the price, create selling pressure. I can feel an insto cleanup coming.

 

[springhill]

Funny you say that, same thing happened with EXT a while back when it was $7.50 ..think it's automated trading systems trying to manipulate the price, create selling pressure. I can feel an insto cleanup coming.

It seems our auto trading system was in overdrive today, with ALOT of double digit trades, including many in the ....teen volume of shares culminating in the final trade being of 1 princely share. I fail to see what they are trying to achieve here, would someone be kind enough to explain the mechanics of it to me?