OBM 5.92% 80.5¢ ora banda mining ltd

Ann: Riverina Underground Resource Increases by 46% to 139,000 oz, page-10

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 12,060 Posts.
    lightbulb Created with Sketch. 6860
    Hey Wooky.
    I kind of like it quiet. Means I can siphon off a little profit from other stocks and continue to build my position (though I won't really be adding much more, as I was lucky enough to hold my ground, and keep buying as the SP fell away after my initial purchase at $0.17.
    The stock has been unloved for 18 months. It has caught a little attention, but basically, continues to be ignored overall.

    The company is barely valued at more than some small cap explorers with no reserve, yet we know its going to be able to raise the capital and debt to get the plant running again. It already has 4.5 years or reserves, its payback is likely less that 7-9 months, especially when the initial production grades will be higher than the overall average.

    I cannot add much more. I am looking forward to more reserves being added, the mine plan and DFS and then... the last 2 key events. Finance and who... is going to run the plant and mine the gold. I wait.
 
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.