I guess... OBM is now a plant, with no gold (or at least.. enough stockpiles to just processs for a while).
Cash sure, but... its all to be spent on trying to create a new mine plan!
Which was sort of what was supposed to happen under the past past MD..........
I suppose the risk of OBM becoming insolvent has reduced, but any cash they have, will be needed, to drill drill drill and just prove they actually have any gold in MRE that has to date, let them down at every single open pit.
I guess the market will like this?
Ann: March 2022 Quarterly Activities and Cashflow Reports, page-2
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56.5¢ |
Change
-0.015(2.59%) |
Mkt cap ! $1.051B | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 57.5¢ | 54.5¢ | $4.952M | 8.841M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 103991 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 87705 | 3 |
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| OBM (ASX) Chart |