As you know, Holla, Billy is out near the bottom, so probably not to be listened to.
I would make the point, though, that NOR appears to be burning cash at $30,000 per day. Young Saundo seems to think that there is a positive revenue stream, which is far from the truth.
The company needs cash, and the odds are still that they will have a placement or an issue. A placement is cleaner, but the beneficiaries will not necessarily be long term holders - if you were placed say 10 million shares at 4c ($400,000), wouldn't you be tempted to tip them out at 4.5c ? If it's a pro-rata issue, then those who are fully committed already will need to sell some of their holding in order to take up the issue. Either way, if I were still holding, I'd sell a few to raise some cash to buy back in.
Of course, if there's a major deal in the wings, the above may be irrelevant.
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Last
4.3¢ |
Change
0.002(4.88%) |
Mkt cap ! $20.43M |
Open | High | Low | Value | Volume |
4.3¢ | 4.3¢ | 4.3¢ | $9 | 206 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9300 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 263167 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9300 | 0.041 |
1 | 300000 | 0.040 |
2 | 138888 | 0.039 |
2 | 305000 | 0.038 |
3 | 1575000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 263167 | 3 |
0.046 | 46559 | 2 |
0.047 | 72500 | 1 |
0.050 | 500 | 1 |
0.053 | 20074 | 1 |
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