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
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- If Hawkes not buying … they may be selling later this year
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $622.1M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 33.5¢ | $93.99K | 279.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 131886 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 980220 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 131886 | 0.335 |
2 | 70000 | 0.330 |
2 | 146666 | 0.325 |
6 | 266547 | 0.310 |
2 | 76803 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 224943 | 4 |
0.345 | 23000 | 1 |
0.350 | 500 | 1 |
0.355 | 40000 | 2 |
0.360 | 52500 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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OBM (ASX) Chart |