NOR 0.00% 4.9¢ norwood systems limited

Thinking out loud here. Norwood losses a fairly predicable...

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    Thinking out loud here. Norwood losses a fairly predicable amount of money each year. And Tarrant can only buy up 6% of the stock each year. So the share price that PO needs to keep that equation balanced is a simple sum.

    If Norwood lose (on a cash basis) $1.5m per annum then dividing that by the 6% creep, Norwood needs to raise with a MC of $25m. $1m relates to a MC of $16.6m.

    No wonder buying to hold the price above 4c is important with another raise needed in a couple of months.
 
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