Lithium Bank's (LB) business model is to increase the value of its projects and reduce risk so that developers/producers are attracted. The plan is to sell the assets soon (I expect 2025). In other words: they do not plan to become a producer. They are already in contact with big oil companies. They have already proven that the business model works: they sold the Estevan project (had not had any work done on it at the time of sale).
Therefore, we don't have to wait until the next decade and - if the plan is successful - CNQ will benefit from the sale. I expect LB's share price to be much higher when a sale is announced. CNQ will own at least 3,500,000 shares then.
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Last
30.5¢ |
Change
-0.005(1.61%) |
Mkt cap ! $22.03M |
Open | High | Low | Value | Volume |
31.5¢ | 32.0¢ | 30.5¢ | $17.16K | 53.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 36066 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 0.310 |
4 | 69533 | 0.300 |
1 | 2736 | 0.290 |
2 | 4136 | 0.275 |
1 | 10000 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 36066 | 2 |
0.330 | 4721 | 2 |
0.340 | 24883 | 2 |
0.345 | 2052 | 1 |
0.350 | 2000 | 1 |
Last trade - 13.51pm 18/11/2024 (20 minute delay) ? |
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