OBM 2.56% 40.0¢ ora banda mining ltd

Realistically there are three options on the table for the...

  1. 555 Posts.
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    Realistically there are three options on the table for the management (personal views only)

    1) For some magical reason, OBM breaks even this quarter and they can fund their operations without a CR, Debt issuance or liquidation of their assets.
    2) Production figures don't improve and they are running out of money in the next couple of month. They either try to raise money again via CR again or worse, close up shop.
    3) They engage in discussions with the bigger fishes (e.g. Evolution or SLR), who would buy them out for around the last CR's price. Larger goldies would find the $300m tax benefits, 1.2mpa processing plant and large tenament holdings (namely Mount Ida & Iguana deposits) attractive, especially on such low valuation.

    I personally think that option 3 is the most realistic scenario and I hope they've started to make those phone calls already. Regardless what happens, we will see some action shortly.
    Last edited by csadeev: 02/09/21
 
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40.0¢ 41.0¢ 39.5¢ $572.3K 1.417M

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41.0¢ 30230 1
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