OBM 1.61% 63.0¢ ora banda mining ltd

Ann: A$30m Placement to Advance Sand King Underground, page-15

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  1. 732 Posts.
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    I think it was done simply because they are running out of cash and the WES $ may be delayed.
    May also miss cost guidance - I dont know - but its def a cash crunch.

    Which is a shame given the great work and deal they did to get WES deal.

    Also i assume done to keep everything going. An option might have been to stop all expl etc and wait for Riverina $ to start but opted to keep things going.
 
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