Yes, it is disappointing performance, but I do not think CR will be necessary for at least another year. Company currently has over $2.5 million cash and estimated cash outflows for the next quarter is only $249k. This means the company has a plenty of time to come up with some good announcements. I do not think it is wise to sell at these low prices. In my view, holders will get a chance to recoup their losses before the next CR.
Ann: Quarterly Update and Appendix 4C-NOR.AX, page-8
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