Ann: Ora Banda $20M Equity Capital Raise Update, page-15

Aurenne is the pet project of a very wealthy individual - John Brice. He manages billions in funds, the founder of CarVal Investors.

I think OBM might look like a decent takeover target to him. I always thought that OBM should've bid on Alt Resources (I was a shareholder and disappointed for how cheap it went, the upside was enormous). A lost opportunity once again for this management.

If OBM are looking to acquire a stranded deposit, Mulwarrie deposit owned by BDC (now SBM) looks like a great option. There is a decent exploration upside too. Only 10kms from Davyhurst.

There was a lot of buys around 5-5.2. I noticed around 5-5.1, the bid was always being refilled. Just look at the volume.

Looked very suspicious to me. Something is brewing, imo. This entire placement and entitlement looks like smoke to me.

I will be taking up my entire entitlement.