For everyone's reference, here are the economics of Funds 2&3:
And here are my personal calculations for the equivalent economics of this partial completion:
As per the slide above, I have assumed an indicative 12.5% pa equity rate for the fund investors and a 2.0% pa management fee for OBL. The investment period inferred from the reported IRR is 4.7 years, given that (43.7/5.1)^(1/4.7)-1 = 58%.
So, if my calculations are correct, the Gross Profit from this partial completion (OBL part only) corresponds to more than 10% of current Market Cap.
Please do your own DD.
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Last
$1.39 |
Change
0.030(2.21%) |
Mkt cap ! $399.4M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.41 | $1.36 | $212.6K | 152.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 630 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 14319 | 1 |
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| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| OBL (ASX) Chart |