OBM 3.45% 42.0¢ ora banda mining ltd

Time to ring the bell, page-7

  1. 161 Posts.
    lightbulb Created with Sketch. 54
    Reason to sell
    - the long list of incidents that have occurred since start up.
    - A few CR's,
    - a mill that is old
    - poor reporting from Mngmnt to shareholders on Op performance
    - It appears that the ore is extremely hard to extract gold from even using different blast patterns & wrecks mills
    - grades have not met DFS
    - selling an asset (Mt Ida) which has since gone up multiple time making $$ for others
    - better miners out there

    Reasons to buy
    - All issues identified and fixed ?
    - single mine
    - huge territory to look for better gold which is of economic grade not in 'tough'" ore
    - lotsa Cash
    - Plant running at 100% - 100kt/ month
    - new CEO
    - Pits have had overburden removed

    I am still in huge loss, so I am a hold and c what happens







 
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