OBM (ASX) Ann: Ora Banda Launches up to $20M Equity Raising

Originally posted by Ladytradr: ↑

This is clearly the bottom, if you follow the smartest money.
Hawkes Point owning eventually over 50% is not a bad thing because potential suitors will have only one party to negotiate with on a merger/takeover terms of a deal.
Any future deal will be with a much bigger company and consideration mostly shares plus a little cash, but at least it gives Hawkes Point some liquidity in the future.
Once this share issue is finalised, this will be one of the most attractive takeover targets on the boards because it will be producing net cash and it has some mine life and $300 million tax losses.
my broker reckons that most of the past production issues rotate around having an poorly performing drill n blast contractor who couldn’t utilise the equipment on site for lack of qualified staff.
The new contractor has ample staff and shifts (by number) will nearly double. This will keep the ore flowing consistently and allow for some higher grade stockpile should any further short term mining issues arise.

5 cents has to be the bottom imho, so don’t throw the baby out of the cot now!

Expand

I bought in at 30c pre-production believing that once they started producing there would be an SP increase, I know I am taking
a risk with these investments and accept the good with the bad but they just torpedoed their own SP????

Originally posted by Ladytradr: ↑

This is clearly the bottom, if you follow the smartest money.
Hawkes Point owning eventually over 50% is not a bad thing because potential suitors will have only one party to negotiate with on a merger/takeover terms of a deal.
Any future deal will be with a much bigger company and consideration mostly shares plus a little cash, but at least it gives Hawkes Point some liquidity in the future.
Once this share issue is finalised, this will be one of the most attractive takeover targets on the boards because it will be producing net cash and it has some mine life and $300 million tax losses.
my broker reckons that most of the past production issues rotate around having an poorly performing drill n blast contractor who couldn’t utilise the equipment on site for lack of qualified staff.
The new contractor has ample staff and shifts (by number) will nearly double. This will keep the ore flowing consistently and allow for some higher grade stockpile should any further short term mining issues arise.

5 cents has to be the bottom imho, so don’t throw the baby out of the cot now!

Expand

Originally posted by Ladytradr: ↑

This is clearly the bottom, if you follow the smartest money.
Hawkes Point owning eventually over 50% is not a bad thing because potential suitors will have only one party to negotiate with on a merger/takeover terms of a deal.
Any future deal will be with a much bigger company and consideration mostly shares plus a little cash, but at least it gives Hawkes Point some liquidity in the future.
Once this share issue is finalised, this will be one of the most attractive takeover targets on the boards because it will be producing net cash and it has some mine life and $300 million tax losses.
my broker reckons that most of the past production issues rotate around having an poorly performing drill n blast contractor who couldn’t utilise the equipment on site for lack of qualified staff.
The new contractor has ample staff and shifts (by number) will nearly double. This will keep the ore flowing consistently and allow for some higher grade stockpile should any further short term mining issues arise.

5 cents has to be the bottom imho, so don’t throw the baby out of the cot now!

Expand

No.	Vol.	Price($)
2	42546	33.0¢

No.

Vol.

Price($)

42546

33.0¢

Price($)	Vol.	No.
33.5¢	129133	3

Price($)

Vol.

No.

33.5¢

129133

No.	Vol.	Price($)
2	6586	0.335
1	25539	0.330
7	154143	0.325
4	284686	0.320
1	110000	0.315

No.

Vol.

Price($)

6586

0.335

25539

0.330

154143

0.325

284686

0.320

110000

0.315

Price($)	Vol.	No.
0.330	2040	1
0.335	129133	3
0.340	1050201	2
0.345	105000	3
0.350	298175	11

Price($)

Vol.

No.

0.330

2040

0.335

129133

0.340

1050201

0.345

105000

0.350

298175

(20min delay)
Last 33.5¢		Change 0.000(0.00%)		Mkt cap ! $621.9M

Open	High	Low	Value	Volume
33.0¢	33.5¢	33.0¢	$380.8K	1.152M


Last 33.0¢		Change 0.000 ( 1.37 %)
Open	High	Low	Volume
33.5¢	33.5¢	33.0¢	819379
Last updated 15.59pm 27/05/2024 ?

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