Hawkes Point not participating in the recent placement sends a clear message to me that control of OBM may be up for grabs later this year.
My prediction on the pricing of a change of substantial holder would be in the range of 40 - 50 cents
Chart below highlights the change of fortunes and the forward momentum that is driving the prices forward.
The very large accumulated tax loss position (over $350 million) reminds us how quickly NTA can grow once once OBM is producing gold at a rate of over 150,000 ounces per year
Hawkes Point not participating in the recent placement sends a...
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 (20min delay)
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Last
32.0¢ |
Change
0.020(6.67%) |
Mkt cap ! $593.4M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 32.0¢ | 30.3¢ | $557.8K | 1.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42901 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 135018 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
31.8¢ |
Change
0.020 ( 7.63 %) |
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| Open | High | Low | Volume | ||
| 30.0¢ | 31.8¢ | 30.0¢ | 377321 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| OBM (ASX) Chart |