A disappointing outcome, in the sense that OBM feels it requires more capital, versus using the debt facility they secured not so long ago, plus of course, feeling the $18m they had as of March 30, is not enough to ensure they achieve commercial production.
The price will likely be at $0.18, perhaps $20m.
It is a bitter sweet feeling, as I had to reduce my holding in the last few months, because, of the very issues OBM seems to have found itself in.
I still hold, and will be annoyed as the SP obviously falls to $0.18 or lower in the near term.
I don't feel there is any curse at Davyhurst, yet... it is amazing that we find ourselves in a similar situation, with all the work that was done to ensure that it did not happen.
I can only imagine Hawkes point is a little annoyed!
Ann: Trading Halt, page-9
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $743.7M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 39.5¢ | $572.3K | 1.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72533 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 30230 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| OBM (ASX) Chart |