Ann: Ora Banda Launches up to $20M Equity Raising, page-86

Doesn’t look like the stock is going back under 5 cents now.

Those that like to panic sell at the bottom have done their stuff and the market now will digest the pip traders who want to sell at 5.3 to take up entitlements at 5.

I think the OBM executive have recently come clean on what the key bottle neck in production has been … namely the drill n blast situation.
If you are under staffed with inexperienced operators the flow on impact with grade dilution and lower volume throughputs can’t be easily remedied.
A new drill n blast contractor is now onsite with a much bigger team of experienced staff, and things will improve materially.

The 5 cent rights issue is all and only about the major shareholder with an average entry cost of ~25 cents orchestrating the opportunity to average down (before the operational turnaround is blatantly obvious to all)