Maybe LC needs this extra capital to expand current drill program.
The bank will require gold price assurance from OBM to mitigate inventory expansion risk, current reserves will be exhausted within less than 2 years at current mining rate.
The bank will be fully aware that there is plenty of drilling blue sky built into OBM's near 2-billion-dollar MC.
Ann: Balance Sheet Strengthens- $50m RCF & A$4,400 Put Options, page-18
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Last
74.5¢ |
Change
-0.035(4.49%) |
Mkt cap ! $1.417B | |||
| Open | High | Low | Value | Volume |
| 76.0¢ | 78.5¢ | 74.5¢ | $10.16M | 13.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 129766 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 131416 | 14 |
View Market Depth
| Last trade - 13.01pm 30/06/2025 (20 minute delay) ? |
| OBM (ASX) Chart |