mooroolbark,
Although you are seeking information regarding a sell recommendation, I found a contrary view earlier this year from Peak Asset Management (April 2022).
ORA BANDA MINING (ASX:OBM)
"Ora Banda bought the previously producing Davyhurst Project back into production after completing remedial work programs in late January.
“OBM has received some high-grade intersections like 5m at 30.7g/t and 1m at 13.7g/t and are starting to generate cashflows from production,”
“Last quarter they generated over $42 million from their gold production – they are not yet cash flow positive, but we are expecting they will be in the next 6-9 months subject to the gold price and as they lift their production,” he says.
Who you believe is conjecture, but the recent share price appreciation arguably favours PAM.
Time to ring the bell, page-8
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Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $780.9M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.0¢ | $1.134M | 2.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9997 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 39313 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| OBM (ASX) Chart |