OBM 3.51% 59.0¢ ora banda mining ltd

I think it was done simply because they are running out of cash...

  1. 722 Posts.
    lightbulb Created with Sketch. 62
    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.
 
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
(20min delay)
Last
59.0¢
Change
0.020(3.51%)
Mkt cap ! $1.098B
Open High Low Value Volume
59.0¢ 59.5¢ 57.5¢ $3.837M 6.558M

Buyers (Bids)

No. Vol. Price($)
1 45638 58.0¢
 

Sellers (Offers)

Price($) Vol. No.
59.0¢ 99498 3
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
OBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.