If OBM does now has 6 months of low grade (soft) material sitting on the ROM pad waiting for blending with high grade ore prior to processing, does that mean the last 6/9 months of mining/blasting/transport costs have been artificially high (by a factor of 30%/40%)?
A 6 month stockpile is obviously very handy to have all ready to go … but it does suggest to me that the numbers that are likely to flow out over the next 3/6 months should show a material improvement in terms of mining costs.
OBM will obviously keep mining some low grade, but it won’t need to be at the same mining rates we have been seeing over the last 9 months.
With accounting standards, maybe there is a way this can be dealt with in the books for quarter on quarter comparison reasons
If not, it would certainly reinforce the reasoning behind Hawkes Point crunching the share price back to 5 cents and underwriting the entire non renounceable issue.
Accountant views on this appreciated
LT
- Forums
- ASX - By Stock
- OBM
- An accounting question please?
OBM
ora banda mining ltd
Add to My Watchlist
4.32%
!
72.5¢

An accounting question please?
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
72.5¢ |
Change
0.030(4.32%) |
Mkt cap ! $1.365B |
Open | High | Low | Value | Volume |
72.0¢ | 73.5¢ | 71.0¢ | $6.913M | 9.536M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15000 | 72.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.0¢ | 55000 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 15000 | 0.720 |
4 | 173346 | 0.715 |
3 | 223290 | 0.705 |
4 | 109850 | 0.700 |
1 | 251 | 0.695 |
Price($) | Vol. | No. |
---|---|---|
0.730 | 55000 | 5 |
0.735 | 37000 | 2 |
0.740 | 22000 | 1 |
0.750 | 7100 | 2 |
0.760 | 15161 | 2 |
Last trade - 16.14pm 10/07/2025 (20 minute delay) ? |
Featured News
OBM (ASX) Chart |