It has always been my contention that NOR is significantly...

It has always been my contention that NOR is significantly over-valued on a Revenue multiple basis and as such, the often talked about "big deals" are priced in to a degree. I have often provided peer comparisons to add weight to my argument.

And here we have another example. On 31/1/23, NOR and DRO^ both presented on Coffee Microcaps YouTube channel*.

What has transpired since 31/1/23:



Further, DRO has just announced $100m CR to support their growth strategy which is estimated to generate annual revenues between $300-500m over the next 5 years.

By comparison, NOR only raises capital to keep the lights on as proven by not signing a material deal with a telco or releasing a new commercially-ready product in 5 years! As such, NOR is capital constrained and cannot develop products quickly. Case in point, some of the features which were to form the basis of Jobs Agent were presented as "coming soon" at the 2020 AGM... 3.5 years later...

All imo

^ DRO is only used as a comparison because they presented with NOR on the same Coffee Microcaps episode and as such, is clearly not a cross-promotion.

* Coffee Microcaps episode as a refresher
*