OBM 1.47% 34.5¢ ora banda mining ltd

I agree, this sort of honest communication is rare in...

  1. 11,772 Posts.
    lightbulb Created with Sketch. 6284
    I agree, this sort of honest communication is rare in developer.
    That being said, it is still disappointing overall, though, on my rough numbers, of sales of around 13k ounces, revenue will be around $30m. Which... will hopefully just tread water cost wise (I would take that as a great outcome for the quarter).

    Interesting about the amount of assays waiting. 18,000 is crazy (whole industry must be facing the same issues).

    I only had a smallish holding of OBM compared to my original investment, mainly because I prefer holding proven producers who are able to mitigate the staffing issues more effectively, than an up and comer like OBM.

    I wonder at what point OBM becomes a logical bolt on acquisition for a proven producer.... perhaps still too risky, but.. even day OBM keep producing and fixing the teething problems, the risk lessens.

    Have to change my sentiment to hold, at least for the short term.
 
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
(20min delay)
Last
34.5¢
Change
0.005(1.47%)
Mkt cap ! $631.5M
Open High Low Value Volume
34.5¢ 34.5¢ 34.5¢ $15 43

Buyers (Bids)

No. Vol. Price($)
2 65121 34.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.5¢ 35225 3
View Market Depth
Last trade - 10.06am 10/07/2024 (20 minute delay) ?
OBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.