[Video] Ora Banda Mining Set To Undertake 21M Placement, page-17

I admit that I sold 2/3 of my position already in January/February at an SP of 25 cents. I didn't like the lack of re-rating after the first gold bar was poured - and I didn't like the development in the coming months. So what to do? Well, I think that the SP reflects the current situation and that means from my point of view that OBM probably has a production problem and that this has not yet been solved. The capital increase was not exactly a good sign either. So I'll wait and see - but if the SP is below 15 cents, I'll have to start slowly building up my position again. Personally, I don't think much can be expected from Ora Banda in the next 3-6 months. Then let's see if they can get production fully under control - better to buy at 20 cents and to be sure that everything goes fine instead of buying now and realize in a few months that the issues are more serious as we think.

PS. a take over at a cheap price can also not be excluded completely......