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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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($) | Vol. | No. |
---|---|---|
43.0¢ | 75252 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 164604 | 0.420 |
3 | 155711 | 0.415 |
3 | 185300 | 0.410 |
4 | 129185 | 0.405 |
7 | 100536 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 75252 | 4 |
0.435 | 5500 | 1 |
0.440 | 285723 | 3 |
0.450 | 203759 | 7 |
0.460 | 106850 | 3 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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