I thought it was a very positive quarter given a positive cash flow of $20m which is the best result from my memory as a share holder for 3 years now. Increased cash at hand is noteworthy as ASIC is handing down its ruling regarding legacy penalties on 18th July 2024, which can expected to be reflected in Class Action litigation outcome. I don't expect any major changes in market capitalisation until results of litigation become known. I'm just hopeful the company can remain solvent post the remaining two major hurdles above.
NOU Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
