Assuming OBM are spitting out $200 million + free cashflow a year, a $100 million dividend should reflect into a ~$2 billion market capitalisation (5% yield)
If the market then doesn’t rate it fairly … and cashflow outlook is strong, they should start buying back stock (5% per year)
If OBM won’t do initiatives like that, they will be undervalued and vulnerable to takeover at discount to fair value.
If/when OBM is producing at a rate closer to 200,000 ounces pa (than 150,000 ounces pa) maybe in the next 18 months, on current $A gold prices, the world will be their oyster (and margins over $1500 an ounce)
i just hope in future they will focus primarily on organic growth opportunities and not go out and do an expensive/dilutive merger with another group just for the sake of growth at any cost to satisfy institutional investors.
With such a large highly prospective inventory of leases, anything is possible with the volume of $$$’s that can be annually thrown at sound exploration.
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $594.1M |
Open | High | Low | Value | Volume |
33.0¢ | 33.0¢ | 32.0¢ | $161.9K | 499.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 178559 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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33.0¢ | 179791 | 3 |
View Market Depth
No. | Vol. | Price($) |
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8 | 178559 | 0.320 |
4 | 132500 | 0.310 |
3 | 63449 | 0.305 |
3 | 55758 | 0.300 |
1 | 50000 | 0.290 |
Price($) | Vol. | No. |
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0.330 | 179791 | 3 |
0.335 | 50554 | 3 |
0.340 | 134238 | 4 |
0.345 | 180650 | 6 |
0.350 | 273085 | 14 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
32.5¢ |
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Change
-0.010 ( 1.52 %) |
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Open | High | Low | Volume | ||
32.5¢ | 33.0¢ | 32.0¢ | 124288 | ||
Last updated 15.59pm 04/06/2024 ? |
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