I used to, but do not currently hold OBM or BDC, but I will buy a small holding in both in the coming days.
My current non holding status does not mean I am not watching and thinking.
OBM = A processing plant, but gold grades that are significantly under target.
BDC = A 3m oz gold resource, but prohibitive costs in the current climate means they won't be mining anytime soon.
OBM has about $15m in cash
BDC have $10m in cash and no debt.
OBM has a $95m market cap
BDC has a $98m market cap (although unlikely to stay there when the market opens).
BDC have announced they would have to raise $230m to build their plant.
Both in the same region, and it looks like the trip could be easily done by what appears to be main roads.
How is this not a win / win?
I used to, but do not currently hold OBM or BDC, but I will buy...
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $622.1M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $93.99K | 279.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131886 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 980220 | 6 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |