Aurenne is the pet project of a very wealthy individual - John Brice. He manages billions in funds, the founder of CarVal Investors.
I think OBM might look like a decent takeover target to him. I always thought that OBM should've bid on Alt Resources (I was a shareholder and disappointed for how cheap it went, the upside was enormous). A lost opportunity once again for this management.
If OBM are looking to acquire a stranded deposit, Mulwarrie deposit owned by BDC (now SBM) looks like a great option. There is a decent exploration upside too. Only 10kms from Davyhurst.
There was a lot of buys around 5-5.2. I noticed around 5-5.1, the bid was always being refilled. Just look at the volume.
Looked very suspicious to me. Something is brewing, imo. This entire placement and entitlement looks like smoke to me.
I will be taking up my entire entitlement.
Aurenne is the pet project of a very wealthy individual - John...
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $743.7M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 39.5¢ | $572.3K | 1.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72533 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 30230 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| OBM (ASX) Chart |