At $11m the contract value was half the market cap of CNQ. I would have expected a bigger rise too but I dare say the co. is so small now that it's just not on many people's radar. That plus the potential for another cap raise might be keeping a lid on things for now. The other possibility is that someone was using the volume to exit their position... I bought another parcel this morning at 30c. It feels like they're building momentum with the contract wins. There is also the potential for the future element shares to rerate significantly. The lithium market may have bottomed and if the Rio-Arcadium deal is anything to go by then brines are where it's at and CNQ are potentially THE enablers. GLTAH
Trev
CNQ Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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