The market action of late is clearly indicating to me that institutional investors are wanting to buy serious chunks of OBM at these current levels.
i can tell this when I see
- volumes are being traded at mid prices (retail can’t do that)
- cancelling of volume buying orders on the close
- iceberg buy orders hiding at the bid
Fund Managers will know Luke needs to come out with a decision to mine Sand King in coming 2 weeks in order to have the project up and running before Dec 2024 … so trying to get set beforehand
who would really want to be a seller in a rapidly emerging gold producer that could be cranking out 165,000 ounces of gold at an AISC below $A1850 this time next year??
certainly not me ….
The market action of late is clearly indicating to me that...
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $780.9M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 42.0¢ | $748.7K | 1.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 164604 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 75252 | 4 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |