Shaping up that Ramelius may be very shortly paying north of $1 billion for 160,000 ounces a year of gold production from Beta Hunt and Higginsville.
Assuming 2 underground operations at Riverina district are operating by year end, producing over 150,000 ounces annualised … OBM must look attractive value at $470 million market cap. with a nicely refurbished and upgraded plant, net debt free balance sheet, and open ended exploration upside.
Mergers & acquisitions on the rise in the golds
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $705.5M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 38.5¢ | 36.5¢ | $1.257M | 3.331M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48200 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 560208 | 6 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| OBM (ASX) Chart |