241k issued options equals to 241k issued shares (1:1).
And they will be issued for sure since the offer is underwritten.
By calculation 241/2*11 (as per 2:11 offer) equals to 1,325 million shares currently on issue.
Therefore nor will have 1,566 million shares on issue after the CR + all the options and performance shares which will amount to about 450 million.
So dear gentlemen, NOR fully diluted market cap will be calculated on about 2 billion shares!
Meaning NOR is still valued about $10m at 0.5c.
Overvalued in my opinion based on past and present company performance.
241k issued options equals to 241k issued shares (1:1). And they...
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.20M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 36182 | 1 |
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| Last trade - 12.40pm 02/09/2024 (20 minute delay) ? |
| NOR (ASX) Chart |
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