To be realistic, I think we need to discount any economic lithium potential at OBM … the OBM executive are clearly trying to bring shareholders down gently that the geology is different at Daveyhurst compared to Mt Ida.
The samples reviewed to date analysed to be predominantly lepidolite and zones narrow.
I again refer those really interested to the RDT Mt Ida map in plan where the best spodumene and gold seems to fringe a large circular granitoid occurrence.
on todays non renounceable rights issue … Hawkes Point acting us sole underwriter clearly flags that they see 5 cents as the bottom (and the time for them to average down)
from memory, Hawkes Point didn’t participate in the last 17 cent capital raising (so we should have seen the writing on the wall then!)
history has shown it is prudent to follow the money closest to the inside
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