🟢 OBM.AX is trading 5.6% up today as investors digest major 'DRIVE to 300' expansion plans

OBM.AX is trading 5.6% up at A$1.41 as the market continues to react positively to the company's major strategic growth plans announced last week.

• On May 18, Ora Banda announced its 'DRIVE to 300' initiative, a plan to potentially double gold production over the next three years. [6]
• The plan is supported by a A$375 million investment in a new processing plant at Davyhurst and the development of the Waihi Underground mine. [5, 10]
• The stock has experienced high volatility as investors assess the ambitious growth targets against the significant capital expenditure and execution risks. [4]