Since OBM gave revised guidance of 13 - 18Kozs for FY/21 and had already produced 4,370ozs (i.e 3,204oz sold +1,166 oz unsold) at 31 March that leaves 13,360ozs to 8,630ozs to be produced during the June quarter, DFS guidance for FY/21 from the mine plan was 35,000 ozs (AISC A$1,615) so this leaves a shortfall of between 22,000 ozs and 17,000ozs for FY/21 from DFS. From these guidance numbers I think we can expect that the June quarterly will not look to good and I would expect the market to anticipate that. Against the scenarios we know hat the directors have shown some confidence (by buying shares and public statements) that with Missouri ore blending will fix the problem in he September quarter. IMO it remains high risk but if the company does what the directors predict (and back with their own money) if should be a turn around story and we could be back in the high 20c range later in the year. As posters have said if the September quarter is not a turn around then we are in for another capital raise around 10c - it's a risky business - but better odds than backing a horse - DYOR.
- Forums
- ASX - By Stock
- OBM
- 55% DOWN in the last 6 months. My take on where to from here.
55% DOWN in the last 6 months. My take on where to from here., page-11
-
- There are more pages in this discussion • 26 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
67.0¢ |
Change
0.005(0.75%) |
Mkt cap ! $1.248B |
Open | High | Low | Value | Volume |
66.5¢ | 68.0¢ | 65.8¢ | $2.996M | 4.469M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 215070 | 66.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.0¢ | 29132 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 215070 | 0.660 |
1 | 41010 | 0.655 |
4 | 82436 | 0.650 |
2 | 18000 | 0.640 |
1 | 15873 | 0.630 |
Price($) | Vol. | No. |
---|---|---|
0.670 | 29132 | 4 |
0.675 | 66010 | 2 |
0.680 | 359534 | 9 |
0.685 | 231644 | 6 |
0.690 | 322304 | 17 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
BM8
Learn of the ASX-listed company that is well-placed to respond to the future global energy demand
NEWS
Deep drilling at Mulga Bill confirms gold to 500m depth, indicating further exploration potential
OBM (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online