It shouldn’t be a surprise that OBM have struggled with this project.
All the other operators of it have failed to make money.
Don’t think it’s a project or company management issue, it’s a ore reserve issue that has been overestimated it would seem.
It would be good if wishful thinking would fix that because a change in company name hasn’t done the job.
I would expect that the 4 cent range will be soon here enough based on the rapid SP decline witnessed.
Good luck.
LP
OBM opportunity share price, page-32
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Last
42.5¢ |
Change
0.035(8.97%) |
Mkt cap ! $789.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 43.8¢ | 40.5¢ | $4.676M | 11.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25555 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 109998 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |