I basically agree with you. But I am optimistic that the cash burn rate will be reduced soon. Willem made it clear in his last presentations: they needed projects as reference and to demonstrate their abilities/technology. So CNQ had accepted (very) thin margins. This phase is over now. The "Lithium JV" will take care of itself - no further cash from CNQ needed according to the investor presentation / webinar from November 2nd.
CNQ remains a risky investment but offers a very good risk/reward ratio (as said before) - in my opinion.
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CNQ
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4.55%
!
21.0¢

Ann: Change in substantial holding, page-8
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Last
21.0¢ |
Change
-0.010(4.55%) |
Mkt cap ! $14.44M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $17.19K | 83.68K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42632 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 6970 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42632 | 0.200 |
2 | 41500 | 0.195 |
3 | 75263 | 0.190 |
2 | 26921 | 0.185 |
3 | 11232 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 15037 | 1 |
0.225 | 20000 | 1 |
0.230 | 260413 | 4 |
0.260 | 15417 | 2 |
0.280 | 10000 | 1 |
Last trade - 15.43pm 31/07/2025 (20 minute delay) ? |
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CNQ (ASX) Chart |