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3.13%

3.3¢ norwood systems limited

I came up with a similar number too but thought NOR may change...

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RAllen50

929 Posts.

36

19/07/17

08:13

Post #: 25945659
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Originally posted by BottleShock ↑

They had $772K in the bank at the end of March with projected outgoings for the next quarter of $1194K so with the proceeds of the raise of around $1800K and negligible income they should have had 772 + 1800 - 1194 = $1.378M in the bank at the end of June. If the burn rate remains constant that means without significant income it will be lights out about 9 weeks from today.

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I came up with a similar number too but thought NOR may change their spend approach given how little they have in the tank.

Income soon and plentiful (e.g. $2m qtr) is the key here. All other results point south. Unfortunately, the latter looks most likely here.

NOR Price at posting: 1.3¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 3.3¢		Change 0.001(3.13%)		Mkt cap ! $15.68M

Open	High	Low	Value	Volume
3.2¢	3.3¢	3.2¢	$5.417K	165.0K

Buyers (Bids)

No.	Vol.	Price($)
3	49906	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	30000	1

View Market Depth

No.	Vol.	Price($)
3	49906	0.033
2	232362	0.032
1	200000	0.031
2	190000	0.030
1	200000	0.029

Price($)	Vol.	No.
0.037	30000	1
0.040	100000	1
0.041	123849	1
0.044	124193	3
0.046	21759	1

Last trade - 15.36pm 09/09/2024 (20 minute delay)

NOR (ASX) Chart