What you you do if generating $1 billion a year in free cashflow?
If I couldn’t prudently grow organically (and OBM has numerous opportunities to do that) …. I would be paying out dividends and share buy backs
I certainly wouldn’t be doing stupid takeovers and buying others problems.
a $500 million dividend distribution would presumable support a $10 billion market capitalisation… leaving plenty of $$$’s to explore and build newer/bigger operations
maybe it could even be the next Northern Star !
(we don’t need to wait for a US$8,000 gold price for that type of picture to unfold … by the way).
The right place … at the right time, page-24
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Last
74.0¢ |
Change
-0.065(8.07%) |
Mkt cap ! $1.380B | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.5¢ | 71.5¢ | $6.748M | 9.110M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104554 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 11110 | 1 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| OBM (ASX) Chart |