my thoughts on NOR, page-24

Well they can't go around with their heads in the sand and the elephant in the room needs to be addressed. Offering another CR at a some 60% discount to the previous one won't go down well but maybe this is the one the instos were waiting for. They would be advised not to waste their time and resources on another spp. I do remember PO saying in a presentation that they had to knock investors back from the states as it was oversubscribed but he will let them in on the next one, or words to that effect. Never thought it would be at such a discount to the last one. I'm speaking like it's a forgone conclusion but there's nothing in the qrtly to suggest it is avoidable I'm afraid. All IMO of course.