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6.35%

67.0¢ ora banda mining ltd

Ann: Ora Banda Launches up to $20M Equity Raising, page-87

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Bull Whisperer

3,047 Posts.

182

24/02/22

11:16

Post #: 59785615
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Originally posted by Ladytradr: ↑

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)

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Wait and see what may happen when all the extra shares get added to the register if there is no good significant news between now and then.

OBM Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 67.0¢		Change 0.040(6.35%)		Mkt cap ! $1.248B

Open	High	Low	Value	Volume
63.0¢	67.0¢	62.8¢	$3.329M	5.076M

Buyers (Bids)

No.	Vol.	Price($)
1	3100	66.0¢

Sellers (Offers)

Price($)	Vol.	No.
67.0¢	109949	3

View Market Depth

No.	Vol.	Price($)
1	3100	0.660
1	34328	0.655
2	57404	0.650
1	34328	0.645
1	34328	0.640

Price($)	Vol.	No.
0.670	109949	3
0.675	34328	1
0.680	83722	4
0.685	136328	3
0.690	164528	9

Last trade - 16.10pm 14/10/2024 (20 minute delay)

OBM (ASX) Chart

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