OBM 1.65% 61.5¢ ora banda mining ltd

The previous MD was a knob, didn't pay people, not even the...

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  1. 936 Posts.
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    The previous MD was a knob, didn't pay people, not even the ATO!. EPC contactor neither, so commissioning was a sh$t-show and hence the process was not shaken-out at all. Now slowly getting sorted out. Ops ASIC reflects a high-cost producer: so if you want exposure to the US$ POG, this is it (as margins are wafer-thin). A$63m MC for 70kOz/pa f/cast, so if US$ POG gets up through US$1850+ in this QE roll-off phase (ie prior to US interest rates being increased 0.25 to 0.5% end 1Q), cant see why it wouldn't get a re-rate (ceteris paribus).
 
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