OBM 1.35% 37.5¢ ora banda mining ltd

hi guys, ive been looking at this stock for a while and what...

  1. 2,297 Posts.
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    hi guys, ive been looking at this stock for a while and what originally started as a "peer competititor piece" for me (as Im comparing to a stock I own) but now starting to look a little deeper and might dip toe in but can someone explain or answer the three questions for me

    1) share count is now above 1bn; is this after a recent Cap raise? looks high to me
    2) the retained earnings situation of 300m of losses looks like it might be 2-3 years before this can turn positive to even think about paying divvies. what does the ebitda of this year look like (as a guess from shareholders)
    3) the cash burn rate looks concerning; is this sustainable?
    4) this mention of "processing issues fixed", is obm now through this?

    I think the reserves and exploration tenemenats look amazing but im just concerned that most miners end up in a situation of "lot of possibilities but cant get it out of the ground"....

    can someone give me the upside potential here pls and if it falls below 10c; im in like flyn (small entry as ive only got 50k cash left as everything else is in my existing puppy!!)
 
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Last
37.5¢
Change
0.005(1.35%)
Mkt cap ! $696.2M
Open High Low Value Volume
37.0¢ 38.5¢ 37.0¢ $948.2K 2.513M

Buyers (Bids)

No. Vol. Price($)
3 98471 37.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 120490 2
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
OBM (ASX) Chart
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