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?
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
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%
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%
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.
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.
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?
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.
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