It's been good to see the SP finally recovering recently, picking up from ridiculously low MC (still a ridiculously low MC of only $10m). Very good signs!
The sell side is very thin, so let's hope some good news is getting close, and it can quickly get back to the 7c range before covid hit, when there was expectation of landing a deal or 2.
Suddenly the sell side has again thinned in the last half hour.. 3's would be nice!
The AGM presentation was quite impressive, along with the recent Ann's regarding directors further loading up.
Without further director holding Ann's this week, I suspect the on market off screen buying must be other players.. all good signs.
One very good thing with a stock like Nor.. very few sellers left. I would imagine most remaining long term holders are here for much higher prices (like myself).
Covid quickly destroyed Nor's SP from 7c to 2c.
I think the recent postive movements in SP since AGM, and director buying up Ann's will be drawing people's attention towards Nor, and realising how low the current MC is, and how far it can go, with 1 decent (long overdue) telco deal, that would instantly send them cash positive.
With Tarrant having so many ops to exercise on the way up, I don't think there's any chance of the "CR" feat that we've had to put up with over the past 5 years. As soon as decent news spikes the SP, I'll be exercising too!
Things are looking very promising with a director clearly so keen to get as much $ in to Nor as possible.
The company is obviously in the best position it's ever been - better than when the SP was touching 7's, and now we have Tarrant! We just need to see that big deal - hopefully something lands this side of Christmas.
We (long termers) all well and truly deserve it!
All the above, my opinion.
Holla!
