OBM 0.00% 31.5¢ ora banda mining ltd

My first thought was that it was only ok. I like that they...

  1. 3,464 Posts.
    lightbulb Created with Sketch. 975
    My first thought was that it was only ok. I like that they haven’t tried to sugar coat it by using high gold prices as the base case. I get the feeling this is a more genuine DFS than some in the industry.

    AISC probably on the high side of what I expected. I hadn’t thought about it too much but maybe expected something closer to A$1400/oz.
    Pre-production capex also on the higher side but I guess a lot of this relates to pre-stripping (those strip ratios do scare me).
    Reserves on the lower side as well as ounces per year

    I’m not really sure what the market was expecting. As was written above, I think the financing comments may have spooked a few too.

    Don’t know why they would be looking to do a pure equity raise, perhaps the debt market is hesitant to lend given the past of the asset.

    I’ve only ever had a small holding as a bit of A$ gold leverage and near-term cashflow.
watchlist Created with Sketch. Add OBM (ASX) to my watchlist
(20min delay)
Mkt cap ! $185.9M
Open High Low Value Volume
30.5¢ 31.5¢ 30.5¢ $89.22K 291.2K

Buyers (Bids)

No. Vol. Price($)
2 56802 31.0¢

Sellers (Offers)

Price($) Vol. No.
31.5¢ 25828 4
View Market Depth
Last trade - 10.08am 10/07/2020 (20 minute delay) ?
0.000 ( 5.69 %)
Open High Low Volume
31.0¢ 31.0¢ 30.5¢ 25460
Last updated 10.28am 10/07/2020 (live) ?
OBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.