RE:Step upThe market certainly seems to be apprehensive about ascribing upside to CPS.
The financing situation will certainly make this more clear. My hope is that concurrent to equity and debt financing that they are pursuing grant money. For example, I see that EarthRenew (I am not a shareholder but an "observer") was looking to build a facility and they received $7 million in Government grant money and the remaining roughly $23 million was going to be financed. Effectively, the government gave free equity to the project.
I think that CPS has a case to be made to receive some favourable government funding that could be material to the share price. Based on the current share price, the market is waiting to see if the financing will be successful.
The market cap at $35 million basically ascribes no value to a successful manufacturing facility being built.
Warning - Rant Below
The sad thing about Canada is that it is so hard to get anything done that the market heavily discounts things until they are done. Even something like CPS which is going to be used for green energy is unnecessarily challenging. Our country needs to do a better job of shortening the timeline and reducing the hurdles companies need to jump through to get projects done.
I've been in this company since about 2018 so I am certainly looking to see it progress! I recognize it takes time to do things so I have been patient.
LR