Wow that's an incredible burn rate of cash. What a disaster. I would expect another big cap raising at a big discount based on the fact they have so many competitors to compete with whereby margins will be nothing and the perceived riskiness of the sector.
I feel sorry for existing shareholders who are going to get heavily diluted the imminent cap raising.
Way too many competitors for NOR to ever be able to make money
Ann: Quarterly Cashflow Report-NOR.AX, page-92
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Mkt cap ! $14.28M | |||
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