Thanks for the response, many things in your reply are valid but macro based problems which apply across the resource sector - anything company specific is really of value.
Agree re: OBM having key person risk but I doubt Luke would cut and leave right when the fruits start to bare.
Hi Zog - are you specifically referencing having seen Davyhurst mill fail? Single asset risk is a problem for any mill but doing my DD I think Luke poured a fair bit of time and energy (and money!) making sure Davhyhurst mill got the upgrades it requires, in fact it's due to be upgraded again during the SK ramp.
Agree, they do have the option to continue to blend OP for a while longer while Riverina ramps or possibly improve tonnage at Riverina? I think of this more of a delay rather than anything but as you could see in the announcement contractors and long lead items have already been set up, I think they will over-deliver.
OBM Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
(20min delay)