Overall I am satisfied with the quarterly. My hope was that company has enough cash available for future operating activities in this CY. This seems to be the case. Apart from that I was expecting a slower progress than previously forecasted without bad news. This is the case, too.
By the way: 8.5 should read "n/a" - as you said, @ConvexPirate . I have informed the company shortly after it was published.
My humble expectation is that CNQ will need another CR early CY 2026 and will successfully commercialize the ATA technology by CY 2027 (= 2 years delay). I am expecting a net profit of at least in the range of $3-4M in the first half of CY 2028 (mainly based on the ATA technology) . With a P/E ratio of 20 and approx. 100M Shares on issue (after CR) the share price should be in the range of 60 - 80c then. At least this is my hope...
CNQ Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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