Does anyone remember fellow Perth tech dog and one time partner of NOR, PIL?
I always thought this partnership was formed in the take-away coffee queue when both tech dogs needed "news". I know, call me a cynic.
But it seems PIL are kicking goals as they get on board the AI hype train. Toot, toot!
They have a MC $28.5m and 6 month revenues of only $127k. This ignores the recent $500+k contract signed since Dec/23.
So how can another Perth AI tech dog be worth more than NOR despite having less revenues for the same period?
IMO, it comes down to:
Stock promotion.
When was the last time PO promoted the stock? By promotion I do not mean LinkedIn posts only seen by the usual followers. But promotion targeted to new, prospective holders? Was it the Coffee Microcaps thing done more than 1 year ago? This is in stark contrast to when PO would go to the opening of an envelope, even one not containing cash from a CR, to promote NOR.
By stark contrast, PIL are interviewed on Small C@ps today.
Further, after talking up MWC, why has NOR been silent since and why have we seen attempts to prop up the SP?
All imo...
NOR Price at posting:
4.5¢ Sentiment: Sell Disclosure: Not Held
