That's an interesting ad for three reasons:
1. it was published on 19 November, after the spot gold shot up A$200 in a week, I thought, for the same content, it would have done much more damage if it published in early November after OBM released its quarterly.
My answer to this: in early November, OBM might look like a dead duck, but not spot gold at A$2,550, and possibly go even higher if AUD keeps dropping.
2. it used about 25% of the page to detail: ore mined 635kt and processed 330kt.
My answer to this: Even they know there is a large stockpile sitting there when the spot gold is shooting up, they couldn't help themselves to tell observers this is gold.
3. while they compare everything to the DFS, they obviously omit to point out DFS's optimal case suggested a cash flow without any tax of over $250m for the same CAPEX.
maybe an unsolicited offer is coming, even could stir the AGM.
OBM Advertising, page-16
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