OBM 2.33% 42.0¢ ora banda mining ltd

The market action of late is clearly indicating to me that...

  1. 1,632 Posts.
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    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 ….

    https://hotcopper.com.au/data/attachments/6233/6233245-6cce10b1569fcaf316edb01a41b01d9e.jpg
 
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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
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