Only taken 1500 days to reach this point Whats another 1500 days...

First 3 Last

Share
Profile

Follow
BHY

228 Posts.

30

14/05/25

10:36

Post #: 79035429
Share

Originally posted by pilko3: ↑

Just got wind of this team however on rapid face value there are a couple of things that spring to mind.
It appears that they will have a need for cash quite soon...lets say they raise $5 million...is that enough for now given they are going to start drilling soon plus is there a capital requirement to pull the idle treatment plant out of mothballs and get it running again? How much? $500k to $1 million?
Operational costs plus ongoing production costs?
How many shares on issue now? 900 million so it looks like a 33% dilution quite soon. IMHO. how long will that money last before another CR?
The idle plant looks like it wuld generate only about $1 million p.a. return...very rough calculations so don't shoot.
If they spend to get the idle plant up to capacity it is only $3 million p.a. return working full time no down time or other expenses.
We will be at 1.2 billion shares soon with CR and another CR will see 1.5 billion shares on issue. Way out? Takeover but do the sums justify the job?
SP may go up somewhat but then what? Best to wait for the impending (my take) CR to see what gives. Seems like a slight SP pump coming up pre CR. 300 million shares at 2 cents it looks like to me. It looks OK but plenty of work to be done yet IMHO so plenty of time required to see increase?
IMHO. DYOR.

Expand

Only taken 1500 days to reach this point
Whats another 1500 days ?

ODY Price at posting: 2.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Local bourse tipped to trade red after same on S&P500

MHK

Metal Hawk shares sink -50% as gold drill results disappoint

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

WC8

Investors shrug as Wildcat's latest lithium drill hits fail to excite

SGQ

Traders watch with interest as St George Mining reveals REE hit

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 2.8¢		Change -0.001(3.45%)		Mkt cap ! $30.91M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.8¢	$4.84K	172.8K

Buyers (Bids)

No.	Vol.	Price($)
4	591029	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	187145	2

View Market Depth

No.	Vol.	Price($)
4	591029	0.027
1	30000	0.026
7	598000	0.025
2	159000	0.024
2	123521	0.023

Price($)	Vol.	No.
0.028	193060	1
0.029	124085	2
0.030	1250000	3
0.031	137308	2
0.032	1112308	3

Last trade - 11.22am 31/07/2025 (20 minute delay)

ODY (ASX) Chart

Only taken 1500 days to reach this point Whats another 1500 days...

ASX Market Open: Local bourse tipped to trade red after same on S&P500

Metal Hawk shares sink -50% as gold drill results disappoint

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investors shrug as Wildcat's latest lithium drill hits fail to excite

Traders watch with interest as St George Mining reveals REE hit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Only taken 1500 days to reach this point Whats another 1500 days...

Top Stories

ASX Market Open: Local bourse tipped to trade red after same on S&P500

Metal Hawk shares sink -50% as gold drill results disappoint

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investors shrug as Wildcat's latest lithium drill hits fail to excite

Traders watch with interest as St George Mining reveals REE hit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News