"Minimal downside at these levels imo... if NOR were to fail... it'd become a shell and probs no consol even needed... a new play comes in... and with it a new opportunity..."
Not quite right. Any RTO would have a minimum offer SP of 0.20. As such, NOR would need a consolidation of 10:1.
Next the vendor/s would need a large chunk aka dilution.
The advisors would also need a chunk aka dilution.
The company would require recapitalisation via the RTO offer. Say $10m at 0.20 aka dilution.
And there would be need for a DOCA or some such to cancel the debt aka possible dilution.
So yes, if NOR falls over you would have a holding in the new entity but probably an unmarketable parcel. Assuming this dirty shell gets relisted. Else you could find yourself in a long wind-up process and unable to write off your losses.
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Last
4.5¢ |
Change
-0.003(6.25%) |
Mkt cap ! $21.37M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.2¢ | $6.006K | 136K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 72148 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.045 |
1 | 200000 | 0.044 |
2 | 170000 | 0.043 |
1 | 13888 | 0.041 |
2 | 475000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 72148 | 2 |
0.050 | 482000 | 3 |
0.056 | 60000 | 1 |
0.058 | 100000 | 1 |
0.059 | 95632 | 2 |
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