Ann: The DRIVE to 100 - OBM Corporate Presentation, page-12

dear wot

10 cents always seems to be a psychological barrier on the way back up after a couple of years of disappointment.
That barrier at 10 becomes the new floor price once the last of the stale bulls is out.
I really doubt anyone is selling because they believe there is a capital raise around the corner.
Luke has pulled this stock back up off its knees and I can’t see him wanting to kill the current re-rating by splashing around more shares into the hands of general traders.
The momentum is now clearly on the upside and if they do start underground mining on/around March 27, it has to be higher.
If he is hoping to raise more money, do it in a couple of months when things are really happening and institutions will be looking for chunky parcels.
The brokers must also be preparing some updated research on the back of this pathway to 100,000 ozs plus per annum vision.