Mak
As I understand it:
1. there will be an updated wesite (just as Mee did in the latter part of last year).
2. the managing director (who was involved with Linc Energy at startup) was I understand involved in a successful trial burn in 1999. He is, of course, Cambridge educated, a matter giving him some UK credibility.
3. there is, I suspect, a need to secure funding for a plant (a matter made much more simple given Mee's funding and the PWC report etc, not to mention the Aust. gov. carbon policy and overseas interst).
4. my suspicion is that given that the technology works, CXY will not have a trial plant, but instead seek to built a full scale plant (eg as foreshadowed in Pakistan).
5. yes CXY has been active, in Au and the UK.
As for your subsequent question, I think in percentage terms from its cap of $50 mil and curent SP of .13, CXY will gain a greater percentage than Mee, in the short term (it will not take much good news for CXY to re-rate; whereas a hiccup for Mee in the trial process could set it back briefly), then it will depend on each company's success, but think both CXY and Mee have very good prospects (as do a couple of others). I have provided reasons in previous posts.