NOR 5.56% 3.8¢ norwood systems limited

Ann: Annual Report to shareholders-NOR.AX, page-38

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  1. 3,325 Posts.
    lightbulb Created with Sketch. 1522
    Recent announcements, "Base Case" estimates were R&D $700k - A fairly significant bonus at $1.26m.. Let's hope their under-estimating continues!
    Base Case has them funded for a minimum 12 months WITHOUT any of those expected (long awaited) "major corporate contracts" and $1M+ carrier deals.. Roll on the under promising/over delivering - The new NOR!?
    An extra $560k for starters, then some contacts/deals..
    It might be a long time before the CR choir chimes in again, if ever!
    While 2c is a long way from comfortable for me (and ol' Unlucky), everything seems much more comfortable than 2 quarterly's ago.. when the price was double the current price.
    Very lucky they got that $3.5m through in time, and not trying to raise it over the last month!
 
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