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.
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I am hearing that there are many institutions overseas and...
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Last
60.0¢ |
Change
0.025(4.35%) |
Mkt cap ! $1.117B |
Open | High | Low | Value | Volume |
57.0¢ | 60.0¢ | 57.0¢ | $2.212M | 3.780M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 133923 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 140278 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 133923 | 0.590 |
2 | 133042 | 0.585 |
3 | 56883 | 0.580 |
1 | 90000 | 0.575 |
4 | 226738 | 0.570 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 140278 | 7 |
0.605 | 87589 | 2 |
0.610 | 146222 | 6 |
0.615 | 114951 | 4 |
0.620 | 10215 | 7 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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