Hawkes Point not participating in the recent placement sends a clear message to me that control of OBM may be up for grabs later this year.
My prediction on the pricing of a change of substantial holder would be in the range of 40 - 50 cents
Chart below highlights the change of fortunes and the forward momentum that is driving the prices forward.
The very large accumulated tax loss position (over $350 million) reminds us how quickly NTA can grow once once OBM is producing gold at a rate of over 150,000 ounces per year
If Hawkes not buying … they may be selling later this year
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 (20min delay)
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Last
43.5¢ |
Change
0.015(3.57%) |
Mkt cap ! $808.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.5¢ | $130.1K | 302.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 21269 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 18941 | 8 |
View Market Depth
| Last trade - 13.50pm 31/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |