Yeah, so thats wild BS speculation with absolutely no grounds.
$0.20c with over 1bn shares on issue gives a market cap of $200m+.
That lends itself to profits of around $15m+.
Norwood chew through $4m in costs a year with zero service delivery costs.
With a generous 200% margin Norwood needs $30m of contracts to get that profit. At 100% margin they need $40m.
And that's going to happen in the near future?
Paul set himself targets of around $3m in contracts to earn performance rights (which he missed out on). Even he would laugh at your optimism.
Mate, I'm invested in NOR. But I'd be happy to earn enough in contracts over the next quarter just to avoid a CR. And I'm less than 50% on that happening.
Let's aim for 4-5c and a shot at a viable company for the near term shall we?
NOR Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
