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.
- Forums
- ASX - By Stock
- OBM
- A transformational share issue imho
A transformational share issue imho
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
30.5¢ |
Change
-0.015(4.69%) |
Mkt cap ! $566.2M |
Open | High | Low | Value | Volume |
33.0¢ | 33.0¢ | 30.5¢ | $919.3K | 2.861M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32785 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 78775 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32785 | 0.305 |
7 | 143897 | 0.300 |
2 | 284606 | 0.295 |
1 | 20000 | 0.290 |
8 | 126584 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 78775 | 4 |
0.320 | 13296 | 2 |
0.325 | 6142 | 1 |
0.330 | 345284 | 2 |
0.340 | 137998 | 3 |
Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
|
|||||
Last
31.0¢ |
  |
Change
-0.015 ( 4.62 %) |
|||
Open | High | Low | Volume | ||
33.0¢ | 33.0¢ | 31.0¢ | 421714 | ||
Last updated 15.51pm 15/05/2024 ? |
Featured News
OBM (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online