OBM opportunity share price, page-10

Yeah, that is a great point.

i thought BDC and OBM should have merged, it would have been a much better outcome for both companies.

I hold RRL so I have an ok understanding of their business.

i appreciate your investment and perspective, but the fact is OBM are not out of the woods yet.

the open pit outperformed last quarter - which happened to be it's last quarter.


OBM need money to be able to explore. They don't have enough to do anything meaningful for at least 1 - 1.5 years of they are prudent.

Whilst the RRL share price has suffered, there is a lot more upside in that company in the near and medium term than there is in OBM.

anyways it's just a thought. I can see many synergies and a lot of upside for golfers of both companies and just thought I'd share my thoughts for discussion.

Worst case, they make a bid and it gets rejected.

Best case OBM holders get access to 700k Oz of production of / when McPhillamys comes online PLUS whatever management can turn around in this company for maybe $25 - $100m investment (depending on how aggressive they want to be).

RRL could also use the tax credits to buy out their need position for almost no cost, which would immediately bring an extra $250m profit into the business each year.

food for thought