The problem is OM Sarawak is only low cost if debt interest is not included. If OM sarawak is not making much money then their Mn operations need to back them up. Mn prices are starting to plummet and this will hit both Bootu Creek and JMS dividend. Bootu Creek has been put in care and maintenance not too long ago.
OMH need to conserve cash so dividend will most likely be gone. BYH will need much more than 6m to be developed and not even sure if the economics can be justified in current Mn prices.
This could be awhile before things turnaround.... especially if a recession is around the corner. If they can survive without needing to raise capital then they should be ok... in fact if they raised capital now to clear the debt i would be keen to invest.
- Forums
- ASX - By Stock
- OMH - Strong Sell
The problem is OM Sarawak is only low cost if debt interest is...
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OMH (ASX) to my watchlist
(20min delay)
|
|||||
Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $291.1M |
Open | High | Low | Value | Volume |
38.0¢ | 39.5¢ | 38.0¢ | $30.77K | 80.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 26981 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 26981 | 0.380 |
2 | 38000 | 0.370 |
1 | 20000 | 0.365 |
2 | 10810 | 0.355 |
1 | 1500 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 2000 | 1 |
0.395 | 15000 | 1 |
0.400 | 49000 | 1 |
0.415 | 124350 | 2 |
0.445 | 56872 | 1 |
Last trade - 14.57pm 16/10/2024 (20 minute delay) ? |
Featured News
OMH (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online