"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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3.6¢ |
Change
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Mkt cap ! $17.10M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 347582 | 3.6¢ |
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Price($) | Vol. | No. |
---|---|---|
3.8¢ | 30000 | 1 |
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No. | Vol. | Price($) |
---|---|---|
2 | 347582 | 0.036 |
1 | 100000 | 0.035 |
1 | 76000 | 0.034 |
1 | 10000 | 0.033 |
3 | 602074 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 30000 | 1 |
0.039 | 209000 | 1 |
0.040 | 100000 | 1 |
0.041 | 123849 | 1 |
0.043 | 1630000 | 2 |
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