Thanks Ladytradr for this response, I had forgotten about Westfarmers purchase of tenements for Lithium exploration. Hope the agreement didn’t have caveats around spot price for Lithium which is in the toilet right now.
Specific to cash, Sand Kings decline is at the bottom of open pit so OBM should be hitting ore soon after the shovels go in, 4-6 months only of decline development I’ve read.
Certainly and again medium to long term on OBM, the issue right now for share price is that the shares are tightly held - not much coming on market and few transactions taking place. Happy to take dividends in the coming years with free cash low looking positive - 100% UG ore and $200m carry forward tax losses.
Thanks Ladytradr for this response, I had forgotten about...
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Last
32.0¢ |
Change
0.010(3.23%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 33.0¢ | 31.0¢ | $724.5K | 2.261M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 111111 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 18180 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
32.5¢ |
Change
0.010 ( 3.17 %) |
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| Open | High | Low | Volume | ||
| 31.5¢ | 32.5¢ | 31.5¢ | 573839 | ||
| Last updated 15.56pm 14/05/2024 ? | |||||
| OBM (ASX) Chart |