OBM 3.51% 59.0¢ ora banda mining ltd

55% DOWN in the last 6 months. My take on where to from here., page-11

  1. zog
    3,034 Posts.
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    Since OBM gave revised guidance of 13 - 18Kozs for FY/21 and had already produced 4,370ozs (i.e 3,204oz sold +1,166 oz unsold) at 31 March that leaves 13,360ozs to 8,630ozs to be produced during the June quarter, DFS guidance for FY/21 from the mine plan was 35,000 ozs (AISC A$1,615) so this leaves a shortfall of between 22,000 ozs and 17,000ozs for FY/21 from DFS. From these guidance numbers I think we can expect that the June quarterly will not look to good and I would expect the market to anticipate that. Against the scenarios we know hat the directors have shown some confidence (by buying shares and public statements) that with Missouri ore blending will fix the problem in he September quarter. IMO it remains high risk but if the company does what the directors predict (and back with their own money) if should be a turn around story and we could be back in the high 20c range later in the year. As posters have said if the September quarter is not a turn around then we are in for another capital raise around 10c - it's a risky business - but better odds than backing a horse - DYOR.
 
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59.0¢
Change
0.020(3.51%)
Mkt cap ! $1.098B
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59.0¢ 59.5¢ 57.5¢ $3.837M 6.558M

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1 45638 58.0¢
 

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59.0¢ 99498 3
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