I admit that I sold 2/3 of my position already in January/February at an SP of 25 cents. I didn't like the lack of re-rating after the first gold bar was poured - and I didn't like the development in the coming months. So what to do? Well, I think that the SP reflects the current situation and that means from my point of view that OBM probably has a production problem and that this has not yet been solved. The capital increase was not exactly a good sign either. So I'll wait and see - but if the SP is below 15 cents, I'll have to start slowly building up my position again. Personally, I don't think much can be expected from Ora Banda in the next 3-6 months. Then let's see if they can get production fully under control - better to buy at 20 cents and to be sure that everything goes fine instead of buying now and realize in a few months that the issues are more serious as we think.
PS. a take over at a cheap price can also not be excluded completely......
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Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $798.7M |
Open | High | Low | Value | Volume |
43.5¢ | 43.5¢ | 41.5¢ | $2.805M | 6.552M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 51696 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 126445 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 51696 | 0.425 |
2 | 15000 | 0.420 |
2 | 24577 | 0.415 |
4 | 27986 | 0.410 |
3 | 49766 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 126445 | 4 |
0.445 | 3500 | 1 |
0.450 | 23000 | 3 |
0.460 | 32354 | 2 |
0.470 | 47500 | 2 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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