The SP would jump if the ann yesterday was for contract worth 100 mil. Markets know the cash burnin rate for NOD, market knows their overhead expenses and other massive fixed operation cost.
Put it simple, we are only few months away from the FY and you really think market is persuaded by NOD on one sigle minor contract? Well, like i said b4, its a good start but not an optimistic one becoz the project get on hand may just well to get by the day by day cash flow.....
All the best and GL
Cheers!
NOD Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held