I have just looked at the OBM market capitalisation and average daily volumes
with the recent sell down by Hawkes Point increasing liqidity, OBM must now be in contention to join the big boys in the major ASX indexes
re-weighting will be adjusted in the coming months
The implication of inclusion in the ASX 200 would be far reaching … when/if that happens
the current chart below and $A gold price is setting things up most favourably … and then most major funds would probably need to own some, regardless of price.
OBM market capitalisation must surely increase more with recent gold price rises, increased forecast production into June 30 2025, lower forecast AISC costs, and the reality that the next $400 million of earnings may mostly be tax free because of accumulated tax losses
that is a chart I am sure Jesse Livermore would have loved.
OBM Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
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