Since I check my portfolio on HotCopper several times a week (inc CNQ), I thought I'd chime in and simply say that CNQ's current performance to date is obviously quite disappointing.
The 2 most important things around the corner: 1 - Can they get production fully ramped up and increase their revenue stream?
2 - Will there be a capital raising for the current operating expenses? This is assuming all the $2m raised recently is only for the hard rock phase as stated.
Both points depend on how difficult it is to implement the fixes to the plant's design. Until we hear more from the company (whose communication to the market seems light on considering all the issues), we are in the dark.
CNQ Price at posting:
8.2¢ Sentiment: LT Buy Disclosure: Held
