OBM 4.55% 31.5¢ ora banda mining ltd

Key reversal now on big volume

  1. 1,542 Posts.
    lightbulb Created with Sketch. 989
    I would expect some consolidation around 5 cents given that this was the level of the last capital raising.
    The next breakout later in the qtr may take them back to 10 cents if the next news catalyst was very positive.
    Coming news on the horizon may be drilling results from Callion, the monthly (June) production numbers, and/or the quarterly report late July.

    Every indication to me that the momentum and sentiment is changing on this stock.

    Hard to imagine it was briefly a 36/40 cent stock, and not such a long time ago … and it wasn’t being managed by a former Northern Star … Chief ‘Operating’ Officer … in those days!

    I think small cap gold funds are going to really love this story once OBM numbers can confirm that the plant is operating reliably, sufficient developed ore on the pads for efficient blending, cash at bank growing, and high grade exploration upside.

    Luke Creagh at the helm will give it the credibility required.

    https://hotcopper.com.au/data/attachments/4489/4489661-07f5c91cb32e89dab58ef53782219554.jpg
 
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
(20min delay)
Last
31.5¢
Change
-0.015(4.55%)
Mkt cap ! $584.1M
Open High Low Value Volume
32.5¢ 32.5¢ 31.0¢ $689.4K 2.186M

Buyers (Bids)

No. Vol. Price($)
6 431190 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 76655 2
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
31.0¢
  Change
-0.015 ( 3.06 %)
Open High Low Volume
32.0¢ 32.0¢ 31.0¢ 621063
Last updated 15.59pm 03/05/2024 ?
OBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.