Australia's largest stock trading and investment forum Australia's #1 stock forum

NOR

Click for more information

4.35%

4.8¢ norwood systems limited

or deliver on the promised imminent, nearly ready, announced...

First 170 Last

Share
Profile

Follow
swagman

2,487 Posts.

87

11/07/18

09:41

Post #: 34268175
Share

Originally posted by RAllen50 ↑

The problem that NOR is now facing that the SP is so low that it will be hard to raise enough money to salvage the situation.

Under 7.1 NOR can only issue ~41m shares. At the current SP of 0.7c that's only $289k.
Under 7.1A NOR can issue a prospectus for another ~34.8m shares. At 0.7c that's another $243k.
In total that's only $532k at 0.7c
It's $455k at 0.6c, $379k at 0.5c etc.

If PO wants to raise more he'll need an EGM or manage to reach the end of the year when some of the quota is replenished.

Expand

or deliver on the promised imminent, nearly ready, announced soon, end of the month etc etc deals

im in at 0.004 and 0.005 not looking as promising as this time yesterday but who knows with this mob

NOR Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 290 more messages in this thread...

First 170 Last

Add NOR (ASX) to my watchlist

(20min delay)
Last 4.8¢		Change 0.002(4.35%)		Mkt cap ! $22.72M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.8¢	$4.999K	104.1K

Buyers (Bids)

No.	Vol.	Price($)
2	122823	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	5506	1

View Market Depth

No.	Vol.	Price($)
2	122823	0.046
2	171081	0.045
1	250000	0.044
3	588888	0.043
1	100000	0.041

Price($)	Vol.	No.
0.048	5506	1
0.049	79600	1
0.050	306297	4
0.051	205455	2
0.055	560000	3

Last trade - 11.29am 29/05/2024 (20 minute delay)


Last 4.8¢			Change 0.002 ( 4.35 %)
Open	High		Low	Volume
4.8¢	4.8¢		4.8¢	44000
Last updated 12.29pm 29/05/2024 ?

NOR (ASX) Chart