IMO today Tuesday the 10th will be a very interesting day.
We have seen nearly a 100% increase in SP over the last 2 days rising from 2.8 to 5.5 with no release from the company.
Many of the day traders that jumped on board will be looking to cash in for a pretty good return today which should see an increase in selling pressure.
If somebody keeps buying a lot more today it seems reasonable to conclude that something pretty big is brewing and somebody out there has pretty solid information as to what. Greed usually stops a pump and dump getting too up from a 100% increase in 2 days.
If you review the financials I personally don't think one OTT contract as per the MOU should be seeing a very large SP from this a point of 5.6. It would still leave the cash burn issue in play. To me a very sharp spike from today would mean a big fish has taken a liking to NOR as is to keen to maximise it's holding in this little gem.
So either the news is better than the original terms suggested in the first MOU ( such as some sort of cash advance sweetner etc ) or could the herd really be jumping on board from this point because it made Hot copper's most improved player list.
