What do you think the biggest catalyst for SP decline will be? Tax loss selling? Impatience? Continued teething problems?
He did seem pretty upbeat in the video, despite the negativity around the raise and ~50% drop in SP from highs.
In light of the news coming out, I am feeling comfortable with my decision to invest.
Highly unlikely they will re-test that gap, but if they come down to ~15c between now and EOFY, I will consider averaging down (which I don't like to do, but I may break my rules on this one considering they are producing and it seems like some good upside potential).
Ora Banda Mining (ASX:OBM) set to undertake $21M placement, page-8
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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 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |