- Joined
- 27 June 2010
- Posts
- 4,147
- Reactions
- 309
On December 2nd, 2015, Swan Gold Mining Limited (SWA) changed its name and ASX code to Eastern Goldfields Limited (EGS).
OBM - Ora Banda Mining
- Thread starter System
- Start date
- Joined
- 27 June 2010
- Posts
- 4,147
- Reactions
- 309
On June 25th, 2019, Eastern Goldfields Limited (EGS) changed its name and ASX code to Ora Banda Mining Limited (OBM).
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
@PZ99 brought me here
OraBanda mining, decent enough results recently
gold
here's an about:
"Ora Banda Mining Ltd (OBM, formerly Eastern Goldfields Limited) is a gold exploration and development company with an existing gold resource base, a fully refurbished gold processing plant, near-term gold production assets in the gold mining region to the NW of Kalgoorlie in Western Australia."
chart suggest upswing coming
entry for ASF feb comp, not holding, no strong signs of accumulation but likely a small run up on the last legs in the current xauusd bounce which is probably good for most of 2020
twiggs 13 weeks money flow is fairly flat and defaults to zero so we'd need to see an uptick thru the zero level when price ascends
OraBanda mining, decent enough results recently
gold
here's an about:
"Ora Banda Mining Ltd (OBM, formerly Eastern Goldfields Limited) is a gold exploration and development company with an existing gold resource base, a fully refurbished gold processing plant, near-term gold production assets in the gold mining region to the NW of Kalgoorlie in Western Australia."
chart suggest upswing coming
entry for ASF feb comp, not holding, no strong signs of accumulation but likely a small run up on the last legs in the current xauusd bounce which is probably good for most of 2020
twiggs 13 weeks money flow is fairly flat and defaults to zero so we'd need to see an uptick thru the zero level when price ascends
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
$xauusd looks like it went for a blow-off this morning (i am STO currently)
..and bonus points OBM decides to go bid
..and bonus points OBM decides to go bid
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
buyer beware
when price rips up on relatively excessive volume, when the basis of that has a background that suggests the smart money selling weak money chasing it pays to inspect the context, even tho the register is tight and the pricing has suggested a bull swing it's the context of that printing that holds the right hand side of the chart......
even tho these are wholly different trade ideas (equities can take weeks and months to correlate with futures) it is the context of the trade that requires it;s own mapping
when price rips up on relatively excessive volume, when the basis of that has a background that suggests the smart money selling weak money chasing it pays to inspect the context, even tho the register is tight and the pricing has suggested a bull swing it's the context of that printing that holds the right hand side of the chart......
even tho these are wholly different trade ideas (equities can take weeks and months to correlate with futures) it is the context of the trade that requires it;s own mapping
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
OBM reflects pricing in $xauusd
it shouldnt be so sensitive but the tightly held register is a two-edged sword
silver a non-confirmation, both metals shows strong trend prints but xauusd nust fall thru 1561's, which becomes the uncle point or the fill yer boots point
it shouldnt be so sensitive but the tightly held register is a two-edged sword
silver a non-confirmation, both metals shows strong trend prints but xauusd nust fall thru 1561's, which becomes the uncle point or the fill yer boots point
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
aand we're back
in the trendy department this is ticking uphill
technicals are ok
in the trendy department this is ticking uphill
technicals are ok
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
“We have a good solid resource base of over 2Moz, no debt, lots of cash and a big 1350sq.km exploration portfolio to drill,” managing director David Quinlivan says.
Expecting announcement of the company moving into full production this month with no hiccups.
Expecting announcement of the company moving into full production this month with no hiccups.
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,079
- Reactions
- 20,438
• Australia’s newest gold producer -first gold poured 7 February 2021
• Financially robust project ... 5.2 year mine life ; 81kozpa –average annual gold production ; A$68.8M average annual free cash flow (at A$2,550/oz gold price)
• Fully funded and debt-free – $32.6 million cash and no debt at 31 December 2020 – $15.0 million facility terms agreed with CBA
• Operations underpinned by high grade Ore Reserve – Mining Reserve of 6.1Mt @ 2.4 g/t for 460,000oz Au
• Pre-Production Construction & Mining Programs Completed
– Two operating mines on line (Riverina Open Pit & Golden Eagle underground)
– Process plant operational and 1.2Mtpa nameplate performance testing complete
– Continuing to build ore stocks
• Mineral Resource of 24.3Mt @ 2.8g/t for 2.2Moz Au ... Ongoing exploration program targeting upgrades to Resource classification
• Financially robust project ... 5.2 year mine life ; 81kozpa –average annual gold production ; A$68.8M average annual free cash flow (at A$2,550/oz gold price)
• Fully funded and debt-free – $32.6 million cash and no debt at 31 December 2020 – $15.0 million facility terms agreed with CBA
• Operations underpinned by high grade Ore Reserve – Mining Reserve of 6.1Mt @ 2.4 g/t for 460,000oz Au
• Pre-Production Construction & Mining Programs Completed
– Two operating mines on line (Riverina Open Pit & Golden Eagle underground)
– Process plant operational and 1.2Mtpa nameplate performance testing complete
– Continuing to build ore stocks
• Mineral Resource of 24.3Mt @ 2.8g/t for 2.2Moz Au ... Ongoing exploration program targeting upgrades to Resource classification
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
Thank you for that you saved me from posting a bit more.
Would you believe that barchart today now have this as a 100% sell.
I take great pleasure in beating computers that don’t take in to account fundamentals and forecast only on recent action.
Would you believe that barchart today now have this as a 100% sell.
I take great pleasure in beating computers that don’t take in to account fundamentals and forecast only on recent action.
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
Quarterly out today and some good news, good progress and then there it is planned gold sales of 30,000ozs by end of June now reduced to 18koz to 23koz.
Started the month at 25cents, opened today at 23 the quarterly resulted in an increase in volume traded as it looked like traders out as it fell to 20 cents however recovered to 22cents.
Considerable amount of assay results to come from extensive drilling and other milestones achieved, gold sales spoilt the story.
Still holding.
Started the month at 25cents, opened today at 23 the quarterly resulted in an increase in volume traded as it looked like traders out as it fell to 20 cents however recovered to 22cents.
Considerable amount of assay results to come from extensive drilling and other milestones achieved, gold sales spoilt the story.
Still holding.
- Joined
- 21 August 2008
- Posts
- 2,784
- Reactions
- 8,524
Well over a year since last post so I thought I'd throw up a chart for OBM which has came up in a few scans this weekend. Didn't know it was a gold stock until Peter2's comments about Gold which made me look.
Almost picked it for the August Comp actually after looking at the Compare Gold & Sectors over the last 10 days. It hasn't had a good time over the last couple of years but it might be turning it around.
Last month price has doubled and it had a nice breakout on Friday with above average volume. Nice, but it probably has something to do with Luke Creagh from NST coming onboard. We will see.
Almost picked it for the August Comp actually after looking at the Compare Gold & Sectors over the last 10 days. It hasn't had a good time over the last couple of years but it might be turning it around.
Last month price has doubled and it had a nice breakout on Friday with above average volume. Nice, but it probably has something to do with Luke Creagh from NST coming onboard. We will see.
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
I bailed out of this a long while ago very disappointing.
- Joined
- 21 August 2008
- Posts
- 2,784
- Reactions
- 8,524
I don't blame you, good move.
- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,891
Ora Banda Mining (ASX:OBM) extends mineralisation at Riverina ahead of resource update
Ora Banda Mining (ASX:OBM) extends mineralisation at Riverina ahead of resource update
Ora Banda Mining (ASX:OBM) has recorded extensions to the mineralisation at its Riverina project in Western Australia ahead of a planned mineral resource update.
The latest assay results from the company’s phase one drilling program included two metres at 49.8 grams per tonne (g/t) gold at the Main Lode East and four metres at 39 g/t gold at the Murchison Lode.
Live price charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^OBM&p=0&t=1
- Joined
- 28 March 2006
- Posts
- 3,554
- Reactions
- 1,283
OBM seems to just keep moving.
Depth looks positive today. (Disc - I do hold)
(click to expand)
Depth looks positive today. (Disc - I do hold)
(click to expand)
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
Nice looking cup developing.
Enough to arouse my interest.
Enough to arouse my interest.
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
Just issued 185million new shares at 11.25 cents and it took off, another 82million shares to be issued next month at 11.25 pending shareholder approval.
This will fund development of their Riverina underground mine and future drilling
The board will take up $1.2 million which will equate to almost 11million placement shares.
It’s a bit of once burnt, twice cautious, the chart does look good though.
This will fund development of their Riverina underground mine and future drilling
The board will take up $1.2 million which will equate to almost 11million placement shares.
It’s a bit of once burnt, twice cautious, the chart does look good though.
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
Think this might continue its run this month.
Its guidance for F24 is an ASIC of between $2200 to $2400 per oz with a 40% increase in produced ozs, however F25 is a reduction to ASIC below $1950 per oz with a production of over 100,000 ozs.
Continued cost reduction due to lower strip ratios.
Drilling will continue with two diamond rigs searching for development of another underground deposit after some outstanding intercepts at its Sandgate deposit.
Its guidance for F24 is an ASIC of between $2200 to $2400 per oz with a 40% increase in produced ozs, however F25 is a reduction to ASIC below $1950 per oz with a production of over 100,000 ozs.
Continued cost reduction due to lower strip ratios.
Drilling will continue with two diamond rigs searching for development of another underground deposit after some outstanding intercepts at its Sandgate deposit.
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
Some high grade intercepts seem to have Ora Banda on the move again.
Highlights
• Phase 1 Sand King drill program nearing completion with 30 of the 33 holes complete
• Assays for the first 17 holes have returned outstanding intercepts that demonstrate widths
and grades conducive to underground mining and have further expanded the mineralisation
area including: (see Figures 2, 3 and 4)
o 2.4m @ 35.8 g/t Sand King 060 Lode (including 1.5m @ 58.8 g/t)
o 11.5m @ 6.1 g/t Sand King 060 Lode
o 4.3m @ 11.8 g/t Sand King 060 Lode (including 3.9m @ 12.9 g/t)
o 8.0m @ 6.6 g/t Sand King 060 Lode (including 7.0m @ 7.4 g/t)
o 9.0m @ 3.1 g/t Sand King 060 Lode (including 6.3m @ 4.1 g/t)
o 3.5m @ 7.6 g/t Sand King 010 Shear
o 6.1m @ 4.3 g/t Sand King 060 Lode
o 3.6m @ 6.6 g/t Sand King 060 Lode (including 2.7m @ 8.6 g/t)
o 5.7m @ 3.6 g/t Sand King 060 Lode (including 5.1m @ 3.7 g/t)
o 2.0m @ 9.2 g/t Sand King 060 Lode
o 2.6m @ 6.6 g/t Sand King 010 Shear
• The system has been extended to 1km of strike and 300 metres below surface and remains
open in all directions
• The geological knowledge, structural framework and overall understanding of Sand King
mineralisation has increased substantially, resulting in better definition of lode continuity
and grade potential as well as enhanced drill targeting
• Phase 2 drill program of $2 million will continue uninterrupted over the next two months
Highlights
• Phase 1 Sand King drill program nearing completion with 30 of the 33 holes complete
• Assays for the first 17 holes have returned outstanding intercepts that demonstrate widths
and grades conducive to underground mining and have further expanded the mineralisation
area including: (see Figures 2, 3 and 4)
o 2.4m @ 35.8 g/t Sand King 060 Lode (including 1.5m @ 58.8 g/t)
o 11.5m @ 6.1 g/t Sand King 060 Lode
o 4.3m @ 11.8 g/t Sand King 060 Lode (including 3.9m @ 12.9 g/t)
o 8.0m @ 6.6 g/t Sand King 060 Lode (including 7.0m @ 7.4 g/t)
o 9.0m @ 3.1 g/t Sand King 060 Lode (including 6.3m @ 4.1 g/t)
o 3.5m @ 7.6 g/t Sand King 010 Shear
o 6.1m @ 4.3 g/t Sand King 060 Lode
o 3.6m @ 6.6 g/t Sand King 060 Lode (including 2.7m @ 8.6 g/t)
o 5.7m @ 3.6 g/t Sand King 060 Lode (including 5.1m @ 3.7 g/t)
o 2.0m @ 9.2 g/t Sand King 060 Lode
o 2.6m @ 6.6 g/t Sand King 010 Shear
• The system has been extended to 1km of strike and 300 metres below surface and remains
open in all directions
• The geological knowledge, structural framework and overall understanding of Sand King
mineralisation has increased substantially, resulting in better definition of lode continuity
and grade potential as well as enhanced drill targeting
• Phase 2 drill program of $2 million will continue uninterrupted over the next two months
