Cheers bullish.
The insto selling is just part of the market. They bought high, have been let down and are now selling into an illiquid stock. So price has collapsed.
A shame they could not find a buyer for the shares (from another insto)!
Cannot help but lauge really, as OBM is now worth less than it was 2 years ago, before production, before the plant refurbishment etc.
Totally agree about the big questions. Ore... grade... and plant availabilty.
The rest is noise.
As for me knowing as much as anyone, I suppose, but then that has not helped much! ha
I wonder... with SBM mopping up BDC, for their refractory ore, would SBM look at selling off any of BDCs assets (OBM has no money, but... could easly pay in shares, or royalties). Above all else, OBM is showing how important doing due diligence is on a project, testing ore, mine plans, grade control and... having a truly experienced board/management team.
Good luck to all us holders. Boy could OBM do with some.
OBM opportunity share price, page-31
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Last
59.0¢ |
Change
0.020(3.51%) |
Mkt cap ! $1.098B | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.5¢ | 57.5¢ | $3.837M | 6.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45638 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 99498 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| OBM (ASX) Chart |