There is no underlying earnings or revenue to support an intrinsic valuation, and with an imminent CR, why buy today when you know it will be cheaper when they do the CR?
Perfect setting for free fall (not to mention the 600m freely tradeable pieces of paper on issue).
Ann: Quarterly Cashflow Report-NOR.AX, page-76
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Last
4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $22.32M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.7¢ | 4.2¢ | $19.38K | 424.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 231096 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 142144 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NOR (ASX) Chart |