I think 40c should not be a problem in 2024. For 2025 I reckon with a much higher share price (at least a MC of $50M). This is not based merely on hope but more on the fact that the new strategy is getting more and more visible and successful: Go2Lithium has won the first (large) project, Graphene Membranes have been commercialized, Mine Tailings JV has been established, we may see a positive annoucement in Q1 2024 reg. Kamao-Kakula etc. .
I agree with @Skronkman that a CR might be necessary in Q1/2024. Further "pain" might come from Soane Labs LLC (who sold the ATA technology to CNQ), if they decide to sell their shares in 2024. But 2023 and 2024 should lay the foundation for a (very) successful year 2025. Alone the shares of Lithium Bank may be worth a little fortune in 2025. Hence I am very positive for 2025 and try to buy more shares in 2024 if I can "find" some cash (not easy in these days).
CNQ Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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