OBM 7.14% 39.0¢ ora banda mining ltd

Ann: Trading Halt, page-66

  1. 2,082 Posts.
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    You would be in your element over at that company rocket.....El Dorado - Xmas every day with hard core real mgment issues for you.

    No comparison here, even with the raise. I still own a few shares .....its a fairly typical call by a new CEO to clean slate, even the remotest possibility of liquidity issues. This can be done - is done, without recourse to the incoming CEO, who commenced in the case of OBM, in Feb. "Not my fault" - but safety first, without any blame to him.

    I think the price of gold makes any little company like this - like putting lipstick on a pig.

    The market cap is far, far too low and POG / new CEO conservative call verse the risk to success - means I will be at the bid at say 18 cents tomorrow. A bit of a risk, but at that cap of $170m and probably now $35m cash....just weighing up and understanding risk to reward, am happy enough.

    I remember SBM at 11 cents and did nothing.....I think they will be fine here.
 
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