You’re right LT. OBM is a gold producer but that’s not its biggest value.
I think the lithium hope is too early to have much value yet.
A break even gold production is hardly inspiring. It keeps the door open to profits if gold rises faster than the rise in cost of production which is no surety.
As you said LT, its $50m market cap is way less than the value of its $300m tax losses - to a buyer.
And there’s any number of miners with cash in a buying mood.
In fact, considering labour scarcity, a gold producer buyer could use the tax offset, abandon OBM mines, and move the staff to better operations making themselves useful on something profitable. Return staff to OBM mines later if pog goes up enough.
You’re right LT. OBM is a gold producer but that’s not its...
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Last
42.5¢ |
Change
0.035(8.97%) |
Mkt cap ! $789.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 43.8¢ | 40.5¢ | $4.676M | 11.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25555 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 109998 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |