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.
- Forums
- ASX - By Stock
- Ann: Change in substantial holding
CNQ
clean teq water limited
Add to My Watchlist
9.09%
!
20.0¢

I basically agree with you. But I am optimistic that the cash...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
20.0¢ |
Change
-0.020(9.09%) |
Mkt cap ! $14.44M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $19.53K | 95.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2233 | 0.210 |
2 | 5500 | 0.205 |
3 | 44701 | 0.200 |
2 | 41500 | 0.195 |
2 | 70000 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 2234 | 3 |
0.220 | 10000 | 1 |
0.225 | 10000 | 1 |
0.230 | 9113 | 2 |
0.260 | 15417 | 2 |
Last trade - 15.58pm 31/07/2025 (20 minute delay) ? |
Featured News
CNQ (ASX) Chart |