The 4,185,151 traded yesterday is the most traded since 24...

The 4,185,151 traded yesterday is the most traded since 24 January. 2013.

Back then Obl was in a trading halt for 7 days and then the Oxx acquisition of 25% of Derby. The stock opened 3.7c and closed 3c. There was also a cap raising at 3.5c 625k 17.85 million shares with an attaching oblob option.

Since then there has been cap raisings of
$105k at 1.5c 7 million shares (sophisticated top 20 shareholders)
$400k at 2c 20 million shares and Oblob options (mainly Chinese)
$200k at 2c 10 million shares (Chinese)
$100k at 2c 5 million shares and 1 for 4 option (Chinese)
$474k at 2c 23.7 million shares (spp)

In a year Obl have raised $1.8 million and issued 80 million shares.

This is not a large dilution and the company has moved forward/increased ownership on all 4 assets to farmout, sell or explore. Now that Native title on Derby is cleared and awaiting favourable terms on the grant should see Obl be a massive takeover target at their low market cap of 10 million.

For gods sake look at the potential upside compared to downside risk. The downside risk of native title has gone. Share Volumes will stay high or go higher and Greenrock will be gone. Exercise our rights on the block and farmout to China or Bhp. Obl might get a cornerstone to help move things along and looking at recent cap raisings could be Chinese. So if a Buru, Fortescue, Bhp want in (who know asset very well and waiting for grant) you would think they would start buying now and takeover after the grant. But it is xmas and they might let us folks buy in cheap first. The problem is if they blink the cornerstone will be in and derby rights exercised and Obl market cap might be 30 million plus.

Merry Xmas & Dyor