OBM

6.52%

64.5¢ ora banda mining ltd

Ann: Appointment of Chief Executive Officer, page-17

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Bull Whisperer

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05/07/22

11:32

Post #: 62375171
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Originally posted by needle: ↑

The key takeaway for me - from todays announcement was the extent of the "reward" that the interim CEO was offered...... following appointment of the new CEO. A very handsome thank you from the company for the efforts of Mr Czerw, as interim CEO.

You could only think now.....that the company has turned things around. Otherwise why be so gracious and rewarding of the efforts of Andrew Czerw. eg "We cannot thank him enough for his hard work....has initiated and guided the Company through the operational reset plan......"

Feeling confident now.... in particular, a hint today at what the SP might do, with real/actual positive operational news.

Off a market cap of $51m and $26m - or $30m cash (if they had sold all their gold produced 30 March). Should be a most interesting SP opportunity.

_____________________________________________

Mr Mansell thanked Mr Andrew Czerw for his important contribution as interim CEO to Ora Banda over the three months. He said that “Andy, at short notice, made himself available to take on the role of Interim Chief Executive Officer and has initiated and guided the Company through the operational reset plan. We cannot thank him enough for his hard work and commitment”. In recognition of Mr Czerw’s efforts, the Board has granted him the following performance right incentives issued in accordance with the Ora Banda Mining Employee Incentive Plan (approved by shareholders on 15 November 2019) and vesting conditions:
• Five (5) million performance rights where Mr Czerw is an OBM employee on 30 June 2023; and
• Five (5) million performance rights where Mr Czerw is an OBM employee and the VWAP of the Company’s shares is equal to or greater than $0.035 for the 10 trading days prior to 30 June 2023.

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Lift off of the rocket launch.

OBM Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

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(20min delay)
Last 64.5¢		Change -0.045(6.52%)		Mkt cap ! $1.201B

Open	High	Low	Value	Volume
69.5¢	69.8¢	64.0¢	$4.335M	6.505M

Buyers (Bids)

No.	Vol.	Price($)
1	25931	64.5¢

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Price($)	Vol.	No.
65.0¢	22139	1

View Market Depth

No.	Vol.	Price($)
1	25931	0.645
3	3921	0.640
3	55722	0.635
5	61052	0.630
2	47722	0.625

Price($)	Vol.	No.
0.650	22139	1
0.655	46722	1
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0.665	46722	1
0.670	46722	1

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Ann: Appointment of Chief Executive Officer, page-17

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