OBM 5.92% 80.5¢ ora banda mining ltd

Hey Wooky.I kind of like it quiet. Means I can siphon off a...

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  1. 12,060 Posts.
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    Hey Wooky.
    I kind of like it quiet. Means I can siphon off a little profit from other stocks and continue to build my position (though I won't really be adding much more, as I was lucky enough to hold my ground, and keep buying as the SP fell away after my initial purchase at $0.17.
    The stock has been unloved for 18 months. It has caught a little attention, but basically, continues to be ignored overall.

    The company is barely valued at more than some small cap explorers with no reserve, yet we know its going to be able to raise the capital and debt to get the plant running again. It already has 4.5 years or reserves, its payback is likely less that 7-9 months, especially when the initial production grades will be higher than the overall average.

    I cannot add much more. I am looking forward to more reserves being added, the mine plan and DFS and then... the last 2 key events. Finance and who... is going to run the plant and mine the gold. I wait.
 
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Last
80.5¢
Change
0.045(5.92%)
Mkt cap ! $1.500B
Open High Low Value Volume
75.0¢ 81.8¢ 73.5¢ $8.202M 10.55M

Buyers (Bids)

No. Vol. Price($)
1 5613 80.5¢
 

Sellers (Offers)

Price($) Vol. No.
81.5¢ 23000 2
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Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
OBM (ASX) Chart
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