both can be (and probably are) true.
Handing back the license and closing IBOA means NOV doesn’t have to report the running costs for IBOA in their financials, likely the $3m in costs.
I suspect thar July was their deadline to either:
1. Acquire external funding; or
2. If no funding secured, close IBOA.
my guess is on the latter.
Ann: Trading halt, page-17
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.56M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29387 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 7 | 1 |
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| Last trade - 16.12pm 24/07/2024 (20 minute delay) ? |
| NOV (ASX) Chart |
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