You may be right, Gyro, that the shares have bottomed. The price has incorporated the lack of good news and the negative cash flow. The three concerns for the price are:
1. That some punters will spit the dummy and say that enough is enough
2. That tax selling will accelerate over the next two months
3. That there will be few willing to catch a falling knife
Yours truly will be one of those brave enough to attempt the feat in 3. above.
Ann: Company Update and Quarterly Reporting-NOR.AX, page-11
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Last
3.6¢ |
Change
-0.004(10.0%) |
Mkt cap ! $17.10M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.9¢ | 3.6¢ | $3.841K | 105.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 182464 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 100000 | 1 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| NOR (ASX) Chart |