I am hearing that there are many institutions overseas and domestic that have looked at OBM seriously for the first time ... only because of this $30 million placement
Very few of those investors have received an allocation that satisfies their new appetite, particularly if OBM does deliver 2 high grade underground mines feeding a 1.4 mipa plant by the end of 2024.
I think we will reflect back in 3 months time when the stock maybe north of 40 cents and realise this initiative was the game changer ... the placement has introduced a whole new audience o large professional gold investors to our story... many had not really heard or understood OBM beforehand and/or couldn't deal because of poor market liquidity and/or had no idea that someone the quality and experience of Luke Creagh had been the person turning the ship around.
What a great story... maybe a baby Northern Star in the making??
Sit tight now and watch how this company can grow with a bullet proof balance sheet, a strategic Wesfarmers relationship, growing gold production profile, progressive reduction in unit costs etc etc
My bet is that Luke will now turbo charge that exploration budget (up another $6 million) and those 2 new plant motors will be installed before June 30.
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A transformational share issue imho
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Last
63.0¢ |
Change
-0.005(0.79%) |
Mkt cap ! $1.173B |
Open | High | Low | Value | Volume |
64.0¢ | 64.5¢ | 62.0¢ | $3.542M | 5.614M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 62.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.5¢ | 47576 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 0.625 |
4 | 26734 | 0.620 |
1 | 100 | 0.615 |
3 | 41603 | 0.610 |
6 | 17716 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 8910 | 2 |
0.645 | 122903 | 3 |
0.650 | 88500 | 2 |
0.660 | 69000 | 2 |
0.670 | 25356 | 1 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
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