Hi Crazy,
I would have said no before this announcement, but... now?
They should not need to... I mean, they have $85m in cash.
I can see a pathway to 200k p.a, with the 3mtpa plant expansion, but... a lot needs to happen, particularly in regards to drilling (the amount of spend on drilling is bloody impressive, but... also a must, as they don't have the reserves!).
My guess is we will soon see a flurry of announcements showing that the 3mpta option is a must, that exploration is going well and that FY25 was just a blip in the long term growth plans.
Easy for me to be negative I guess, as I don't hold. Many have done incredibly well in OBM.
Hi Crazy,I would have said no before this announcement, but......
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Last
64.0¢ |
Change
-0.010(1.54%) |
Mkt cap ! $1.205B | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 67.3¢ | 64.0¢ | $6.016M | 9.224M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 82774 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 86741 | 3 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| OBM (ASX) Chart |