Ann: Commencement of Worldwide Beta Testing of World Wi-Fi, page-84

First 84 Last

Share
Profile

Follow
Backdraft

1,305 Posts.

34

14/09/17

11:03

Post #: 27211083
Share

Originally posted by Explacly ↑

I think you couldn't be more wrong, or naive at best. Yes 2 years is very long. Have you had a look at the End of Year Financial Statements? Over $6mill expended last year, with $0.2mill received. 1billion shares dilution and a CR about to hit. 4 Announcements in rapid succession tells me a CR is about to hit. It must be about to hit because there is very little cash left in their bank account. And what is their ability to raise cash now? The last raising they managed $2m but seriously how many times can they keep returning to the market to raise more with promises that go nowhere? With no revenue in the past 2 years there is no evidence that they can do what they say or have said they were going to do.

You say to keep the faith and yet the original business plan failed when they were marketing 'exponential sign-ons' when the tech was commissioned. That led to zero revenue, against what management expected. So they changed tack. Now trying to make deals in a market flooding with similar tech. Promising every quarter and yet where is the revenue? Oh... "its in the future, must keep the faith, next week or next month!"

So where is NOR today? An over-valued SP - very low revenue, very high expenses and a management team that have failed to deliver on their plans. IMO.

Expand

What about Government R&D rebate? It seems to be missing from your claimed received income.

At least if you're going to down ramp get your facts straight

NOR Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

DeepSeek is living in the market's head rent-free. But it's not China's only breakthrough of 2025

AII

Shaping the future of tungsten supply: Opportunities and global impact

CC9

Is a lithium revival on the cards in 2025? Chariot Corporation say yes!

WIN

Out to WIN: The 'primed' gold play with sights set on WA production

BM8

Battery Age Minerals finds critical technology isotope Germanium-76 at Bleiberg

First 84 Last

Add NOR (ASX) to my watchlist

(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $13.35M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.8¢	$3.381K	120K

Buyers (Bids)

No.	Vol.	Price($)
1	147684	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	90419	2

View Market Depth

No.	Vol.	Price($)
1	147684	0.028
2	298269	0.025
2	155000	0.024
2	375000	0.023
2	550000	0.022

Price($)	Vol.	No.
0.031	90419	2
0.032	65763	2
0.033	1200000	1
0.034	20689	1
0.036	2188	1

Last trade - 15.47pm 29/01/2025 (20 minute delay)

NOR (ASX) Chart

Ann: Commencement of Worldwide Beta Testing of World Wi-Fi, page-84

DeepSeek is living in the market's head rent-free. But it's not China's only breakthrough of 2025

Shaping the future of tungsten supply: Opportunities and global impact

Is a lithium revival on the cards in 2025? Chariot Corporation say yes!

Out to WIN: The 'primed' gold play with sights set on WA production

Battery Age Minerals finds critical technology isotope Germanium-76 at Bleiberg

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Commencement of Worldwide Beta Testing of World Wi-Fi, page-84

Top Stories

DeepSeek is living in the market's head rent-free. But it's not China's only breakthrough of 2025

Shaping the future of tungsten supply: Opportunities and global impact

Is a lithium revival on the cards in 2025? Chariot Corporation say yes!

Out to WIN: The 'primed' gold play with sights set on WA production

Battery Age Minerals finds critical technology isotope Germanium-76 at Bleiberg

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News