The latest announcement is out from Ora Banda Mining ( (AU:OBM) ).
Ora Banda Mining Limited has announced an extension to the repayment date of a $4 million loan from Hawke’s Point Holdings L.P. The new repayment date is set for the earlier of 30 April 2025 or the completion of a royalty on-sale to Hawke’s Point. The on-sale involves 1.5% of a 2% royalty from Davyston Exploration Pty Ltd, contingent upon finalizing a royalty agreement. The extension allows Ora Banda to offset the loan amount against the consideration payable by Hawke’s Point, which is expected to finalize in Q3 FY25, potentially easing the company’s financial obligations.
More about Ora Banda Mining
Ora Banda Mining Limited is a company involved in the mining industry, focusing on the development and exploration of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker OBM.
YTD Price Performance: 22.31%
Average Trading Volume: 9,011,515
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.37B
Learn more about OBM stock on TipRanks’ Stock Analysis page.