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OBM

2.44%

63.0¢ ora banda mining ltd

happy to ramp here today, topped up, strapped in and hoping for...

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kenkidna

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19/01/22

13:50

Post #: 58977002
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Originally posted by Hollow Bar: ↑

I'm also on the side lines watching this - incredible to watch and even a bit sad to see.

My understanding of this ore body is that the gold is hosted in a rock that makes it difficult to recover. Which also explains the start stop nature of this resource for previous operators. I believe that OBM will crack the code. IMO It's about them partnering with the right players to hold their hand through solution sourcing. Getting the wrong player is akin to bathing is leaches. This is the key risk here, how much money will burn before the solution is sought.

Looking at the below, these activities for the most part look started. Just need the follow up announcements to be positive around quantitative results in production improvement, to change the sentiment.

Excerpts from https://unauthorised investment advice/resources/ora-banda-ramps-up-processing-at-davyhurst-gold-project/
The performance of the Davyhurst processing facility has improved following the introduction of deeper material now being mined at the Riverina open pit with its improved materials handling properties – as well as a higher percentage of fresh rock available for blending.

Plus, Ausenco has been engaged to undertake an independent review of the facility, including all aspects from spares held, maintenance procedures and practices through to operational improvement initiatives.

Lastly noting that i see the CEO still accumulating shares in December which is always nice to see.

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happy to ramp here today, topped up, strapped in and hoping for good news, hopefully best priced Gold play in WA

OBM Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

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(20min delay)
Last 63.0¢		Change 0.015(2.44%)		Mkt cap ! $1.174B

Open	High	Low	Value	Volume
62.0¢	63.5¢	61.0¢	$3.735M	6.011M

Buyers (Bids)

No.	Vol.	Price($)
5	2796	62.0¢

Sellers (Offers)

Price($)	Vol.	No.
63.0¢	66007	3

View Market Depth

No.	Vol.	Price($)
1	2639	0.615
1	111122	0.610
3	93692	0.605
4	84594	0.600
2	46960	0.595

Price($)	Vol.	No.
0.635	56750	3
0.640	70666	3
0.650	128120	4
0.655	47046	2
0.660	10769	2

Last trade - 16.10pm 11/10/2024 (20 minute delay)

OBM (ASX) Chart

happy to ramp here today, topped up, strapped in and hoping for...

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happy to ramp here today, topped up, strapped in and hoping for...

Top Stories

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