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
37.0¢ |
Change
0.035(10.5%) |
Mkt cap ! $686.9M |
Open | High | Low | Value | Volume |
33.5¢ | 37.0¢ | 33.5¢ | $2.230M | 6.263M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 5739 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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37.0¢ | 203261 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2739 | 0.365 |
2 | 128034 | 0.360 |
3 | 59883 | 0.355 |
2 | 115714 | 0.350 |
2 | 32911 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 203261 | 1 |
0.375 | 95327 | 6 |
0.380 | 177930 | 5 |
0.385 | 50000 | 1 |
0.390 | 20000 | 1 |
Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
36.5¢ |
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Change
0.035 ( 8.96 %) |
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Open | High | Low | Volume | ||
34.0¢ | 37.0¢ | 34.0¢ | 1441278 | ||
Last updated 15.59pm 13/06/2024 ? |
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