IMO this could go a lot lower before it goes higher. Qtr will likely show ~$2.5m in the kitty ($1.8m net from the offer + $0.7m cash + negligible income) though probably less. That only gives 1.5 qtrs of runway before having to come out cap in hand.
Even the last announcement featuring Affinion mentioned $3m pa at full take-up (ie not straight away and not $10m+ as has been anecdotally mentioned on this forum). That may push the next CR until Christmas bit unless NOR pulls a rabbit out of the hat I would expect the SP to go down before it goes up.
As a general rule prices go up if new investors see value. Don't think NOR is quite there yet.
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IMO this could go a lot lower before it goes higher. Qtr will...
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Last
4.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.32M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.7¢ | $1.998K | 42.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 61185 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.044 |
2 | 170000 | 0.042 |
1 | 13888 | 0.041 |
2 | 475000 | 0.040 |
1 | 75000 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 61185 | 1 |
0.049 | 49000 | 1 |
0.050 | 520000 | 3 |
0.056 | 60000 | 1 |
0.058 | 100000 | 1 |
Last trade - 11.45am 05/07/2024 (20 minute delay) ? |
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NOR (ASX) Chart |