Ann: Application for quotation of securities - NOR, page-11

It would appear extremely likely big news is very close, and the SP multiplying quickly.
If Paul and Grange loaded up at the lows, and made significant near term profits, long term holders well in the red wouldn't be too happy.
They're doing things the right way to minimise dilution (compared to 1.5c), and prevent any further raise - bad luck to those involved with (in my opinion) driving the price down, expecting a placement.
Obviously Paul and Grange wouldn't be taking 2.4 unless they were quite certain the SP would soon be moving beyond that figure.
It's surely good signs we are about to finally see a proper re-rate on hopefully several rounds of near term $$ news and big name contracts.
About time too.

All my more expert than the guru opinion.