OBM 2.33% 42.0¢ ora banda mining ltd

Ann: Company Presentation - 121 Conference London, page-12

  1. 1,632 Posts.
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    Assuming OBM are spitting out $200 million + free cashflow a year, a $100 million dividend should reflect into a ~$2 billion market capitalisation (5% yield)

    If the market then doesn’t rate it fairly … and cashflow outlook is strong, they should start buying back stock (5% per year)

    If OBM won’t do initiatives like that, they will be undervalued and vulnerable to takeover at discount to fair value.

    If/when OBM is producing at a rate closer to 200,000 ounces pa (than 150,000 ounces pa) maybe in the next 18 months, on current $A gold prices, the world will be their oyster (and margins over $1500 an ounce)

    i just hope in future they will focus primarily on organic growth opportunities and not go out and do an expensive/dilutive merger with another group just for the sake of growth at any cost to satisfy institutional investors.

    With such a large highly prospective inventory of leases, anything is possible with the volume of $$$’s that can be annually thrown at sound exploration.

 
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Last
42.0¢
Change
-0.010(2.33%)
Mkt cap ! $780.9M
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43.0¢ 43.0¢ 42.0¢ $748.7K 1.753M

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No. Vol. Price($)
3 164604 42.0¢
 

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Price($) Vol. No.
43.0¢ 75252 4
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