OBM 10.5% 30.0¢ ora banda mining ltd

Ann: June 2019 Quarterly Activities and Cashflow Reports, page-3

  1. 279 Posts.
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    Hi Goldbull. I have also been looking at OBM recently.... Would be nice to continue the run from AMI->EAR->OBM? been a really good 18 months for me. I also go into WGX which has done well so far.

    From what i can tell:
    30/06/2019 - They had $14M in cash
    31/07/2019 - They had $13.5M in cash. This includes -$0.8M in working capital. Cash and working capital are not necessarily the same thing are they? Isn't work capital just the cash used in day to day activities?
    16/08/2019 - They raised a further $18.5M so i would expect them to have around $32M now?

    Yeah they definately seem interesting.
 
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