A lot of this was planned and announced long before those...

A lot of this was planned and announced long before those results were released.

I gave my perspective on the previous quarterly and what it meant in terms of forward looking sentiment for the company, and I think this quarter will be good in terms of production numbers, and obviously there should be a significant margin achieved from the strength in the POG, but given what has transpired in the last 3 months in relation to fuel costs, I am expecting a significant impact on the bottom line.

I sold the majority of my holding around $2.40 which was break even for me after bag holding for the last 9 months, all the way down to $1.68, but I intent to buy back in should the share price come back down towards $2 region (or maybe buy small parcels and average down). Currently trading at $2.27, so a bit more to decline (~10%) before I buy in with any real intent.

I am also disappointed the board STILL haven't done anything about the hedges.

OBM valued at about $70m but with $300m of tax credits and a fully operational plant. Submit an all stock offer, use the tax credits to help pay out the hedges (which are about $260m if I recall correctly), put Davyhurst on C&M for the next 18 months whilst they drill out the ground for gold and lithium, reassign people from Davyhurst to Duketon to help mitigate any staffing shortages / issues and to provide any training that is required.

Instead, they are losing about $1400/oz for each ounce hedged - at a payback rate of 25,000oz per quarter that is about $35m that could be going into the company coffers or back to shareholders.\

Disclaimer: I do not hold OBM, but I used to and lost a ton on it.