OBM 0.00% 33.5¢ ora banda mining ltd

Dear Feenix73you have misunderstood me I suspect OBM is...

  1. 1,562 Posts.
    lightbulb Created with Sketch. 1006
    Dear Feenix73

    you have misunderstood me I suspect

    OBM is controlled by Hawkes Point (a global fund manager) and they are unlikely to be a seller until the share price fairly reflects the valuation of this company when it is eventually producing ~200,000 plus ounces per annum at an AISC cost below $1700.

    At that stage the plant would be operating to full capacity and being fed by 2 underground operations

    At some stage Hawkes Point must need to bank a profit on their 10 plus year rather painful involvement and a strategic sale may be into a friendly takeover offer at the right mix of cash/shares in GMD in 12/18 months time.

    The OBM operation, cashflow and high growth potential may fit very nicely into the bigger GMD business by then.

    GMD is going to acquire other WA goldfield projects and OBM will certainly be on their wish list.
    Last edited by Ladytradr: 25/12/23
 
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
(20min delay)
Last
33.5¢
Change
0.000(0.00%)
Mkt cap ! $621.9M
Open High Low Value Volume
32.5¢ 33.5¢ 32.5¢ $123.6K 377.4K

Buyers (Bids)

No. Vol. Price($)
2 35000 32.5¢
 

Sellers (Offers)

Price($) Vol. No.
33.5¢ 258001 6
View Market Depth
Last trade - 16.10pm 30/05/2024 (20 minute delay) ?
Last
33.0¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
32.5¢ 33.0¢ 32.5¢ 155273
Last updated 15.59pm 30/05/2024 ?
OBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.