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Obtala Resources Share Price - OBT

Obtala Res. LSE:OBT London Ordinary Share GG00B4WJSD17 ORD 1P
  Change Change % Cur Bid Offer High Low Open Volume Time
  -0.25 -2.63% 9.25 9.00 9.50 9.50 9.13 9.50 1,516,149 15:05:49
Industrial Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Mining 0.3 74.8 9.4 1.0 23.95

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Obtala Res. Last Trade

Type Size Price Date Time Currency
O 425,000 9.50 27 Aug 2014 15:07:31 GBX

Share Discussions

Posted Poster Post
yesterday 08:55mortimer7There will always be opinions that a better deal could have been transacted, however my thoughts are this is OK:- Paragon needed funding to get to stage 1 production. Obtala either provided their share of that or faced dilution, now that problem has been sidelined. Paragon SP has been declining over the year. Obtala now have more cash to fund core business activities, which are producing... read more...
yesterday 08:13beeks of arabia....but also implies they still need funding for OBT or why sell PRG off so cheaply or at all? Frank seems to have a record of selling off the company assets at a discount to fund OBT. The last update we had said we would be tomato millionaires this year! I don't like this at all. read more...
yesterday 07:41tadtechSo OBT receive £1m now and a possible circa £2m by year end, they then retain approximately 9% of Paragon. There could be decent upside from Paragon once mining operations start up so OBT still retain exposure to PRG with 30m shares if the call option is exercised which it most likely will be. Given the illiquid nature of PRG stock it looks like Frank has pulled off a pretty good deal here... read more...
yesterday 08:14multibaggerScolaro has attached greater weight to the opportunity cost / returns....OBT has higher margins as far as we know. Makes sense to invest in OBT and generate growth and returns. read more...
yesterday 07:56greedfearHm. So taking a 50% loss on the loan. A loan that has been made convertible at a discounted price (dilutive). A call option granted on almost 20% of PRG shares with an exercise price lower than current sp. Do not really understand the optimism as the deal seems to imply that PRG isn't undervalued or more importantly the agri business is draining cash and OBT needed to sell PRG loan/shares at... read more...
21 Aug 2014mark10101Cb I am happy to wait in any share if I believe there are reasons for the delay which will prove favourable. It is all part of the game sell up if you feel there are negative reasons for the delay. read more...
21 Aug 2014beeks of arabiaYou could always complain loudly on the internet, of course. Oh, wait. read more...
yesterday 08:32ileemanOBT still hold a stake with Philip Manduca on the board...can only be a good thing. Hopefully get an update now :P read more...
yesterday 07:58the librarianThat covers it well Tadtech and is what I managed to work out when I read the deal for the third time :). read more...
yesterday 07:14snurkle1Good news!! Now this is out of the way, I'm sure we can assume an update of the Agri business will be given soon. This immediate cash injection will put us very firmly on the road to an amazing agri company. Will buy some more today!! read more...

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