A bit annoyed with the garbage that has previously been posted here.....it was not indicative of the true fundamental position of the company (based on what the company had disclosed).
So you have right here today now.....an enterprise value of the company of $100m and specifically guiding production of 80k PA.
An Aust based gold mining company on a forward, price to earning ratio of 2 (free cash).......that is what we have just been told by the company itself.
Sure there will be people who will come on and selectively micro analysis the report this morning.....looking for semblance of usual ramp up difficulties. But if you can't see a buying opportunity here - than well, this is one poster - who cannot help you.
OBM Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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