OBM 2.56% 40.0¢ ora banda mining ltd

Ann: Trading Halt, page-17

  1. 2,444 Posts.
    lightbulb Created with Sketch. 1650
    And here I am, buying in 2 days ago LOL.

    FML.

    Let's see the details of what is going on.

    My initial reaction is to average down and hit eject as soon as I get close to break even.

    BUT when I consider all of the reasons I bought in:
    - Director buying on market https://hotcopper.com.au/threads/ann-change-of-directors-interest-notice-p-mansell.5982167/
    - Information as per the quarterly https://hotcopper.com.au/threads/ann-march-2021-quarterly-activities-and-cashflow-reports.6032951/
    ---- Cash in the bank
    ---- Producing Gold
    ---- a loan facility
    ---- a bit of a stock pile
    ---- a decent gold price
    - positive drilling results - https://hotcopper.com.au/threads/ann-further-significant-drilling-results-from-golden-eagle.6082568/

    It seems a bit left field.

    Let's wait and see.

    Last edited by thecrabpest: 04/06/21
 
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