I am hearing that there are many institutions overseas and domestic that have looked at OBM seriously for the first time ... only because of this $30 million placement
Very few of those investors have received an allocation that satisfies their new appetite, particularly if OBM does deliver 2 high grade underground mines feeding a 1.4 mipa plant by the end of 2024.
I think we will reflect back in 3 months time when the stock maybe north of 40 cents and realise this initiative was the game changer ... the placement has introduced a whole new audience o large professional gold investors to our story... many had not really heard or understood OBM beforehand and/or couldn't deal because of poor market liquidity and/or had no idea that someone the quality and experience of Luke Creagh had been the person turning the ship around.
What a great story... maybe a baby Northern Star in the making??
Sit tight now and watch how this company can grow with a bullet proof balance sheet, a strategic Wesfarmers relationship, growing gold production profile, progressive reduction in unit costs etc etc
My bet is that Luke will now turbo charge that exploration budget (up another $6 million) and those 2 new plant motors will be installed before June 30.
- Forums
- ASX - By Stock
- OBM
- A transformational share issue imho
A transformational share issue imho
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OBM (ASX) to my watchlist
|
|||||
Last
39.0¢ |
Change
-0.015(3.70%) |
Mkt cap ! $743.7M |
Open | High | Low | Value | Volume |
40.5¢ | 41.0¢ | 39.0¢ | $1.109M | 2.786M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 71461 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 130490 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 71461 | 0.390 |
6 | 155456 | 0.385 |
7 | 99720 | 0.380 |
6 | 230721 | 0.375 |
2 | 219229 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 130490 | 16 |
0.400 | 718814 | 25 |
0.405 | 37507 | 5 |
0.410 | 125498 | 6 |
0.415 | 10500 | 1 |
Last trade - 15.05pm 08/08/2024 (20 minute delay) ? |
Featured News
OBM (ASX) Chart |