Hawkes Point not participating in the recent placement sends a clear message to me that control of OBM may be up for grabs later this year.
My prediction on the pricing of a change of substantial holder would be in the range of 40 - 50 cents
Chart below highlights the change of fortunes and the forward momentum that is driving the prices forward.
The very large accumulated tax loss position (over $350 million) reminds us how quickly NTA can grow once once OBM is producing gold at a rate of over 150,000 ounces per year
Hawkes Point not participating in the recent placement sends a...
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 (20min delay)
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Last
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $574.8M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 30.5¢ | $262.5K | 838.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1688 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 213976 | 2 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
31.0¢ |
Change
-0.010 ( 3.13 %) |
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| Open | High | Low | Volume | ||
| 31.5¢ | 32.0¢ | 31.0¢ | 324197 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| OBM (ASX) Chart |