In that time, I've seen the share price fluctuate between mid 20c and 4c. Many times, I've expected it to retest the 20c barrier, only to see it trade sideways for months at a time.
Wondering what others predict as their best case/most likely mid-term (end of 2012) share price. I realise this is completely hypothetical, but...
Best case: A run of positive company announcements (including significant resource upgrade) and a strong offtake agreement with Mitsubishi (including cash/loan for next stage of development) coincides with a bull run on world financial markets. CNQ starts appearing on trader's radars in the major financial markets around the world. A golden run like this, we could see the price in the 60c range by the years' end.
Most likely: A steady price increase to around 25-30c (based mostly on the finalisation of a modest offtake agreement and a modest resource upgrade).
CNQ Price at posting:
13.0¢ Sentiment: None Disclosure: Held
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