Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Some Information posted a couple of months back but still applies today...
Shares in issue 193mln
( 40% held by CEO and his wife and 48.7% held by Funds)
Partners
1 Facebook (see October 2019) Facebook have worked with VRE since 2019 and have also asked VRE to sign up for it's "Oculus for business initiative" which aims to help global companies use VR for their corporate development, with clients such as DHL. VRE also co-developed games and VR experiences with Oculus such as the top title " Apollo Space Shuttle" which cost $100k but has since gained $2mln in revenues. Other customers are in talks for 2020.
2) Deutsche Telekom
During December 2019 signed up with VRE to create a VR 5G partnership for use with social, business, shopping, education and entertainment. DT has 7mln mobile users in Germany ( of which currently 300,000 users have the VR app) and 44mln globally.
3) HTC Vive
March 2020 after successfully hosting a VR event for a postponed Chinese conference (800 business leaders) "HTC Vive" HTC signed a partnership with VRE to distribute and sell the platform in China but also globally. Seats at a typical VR event are c €300 per seat which compares favourably with an ordinary business expense. HTC are the "premier global VR platform".
"strategic partnership would be for the distribution of the Group's ENGAGE platform globally through all HTC enterprise sales channels." (21/3/2020)
4 ) Sony PlayStation
Working with VRE to co- develop VR games for the launch of the new PS5 .
• In a recent Proactive interview (27th March) the CEO said there has been an "explosion of offers " ( from telecoms, companies,hardware manufacturers) to work with VRE in 2020. He said a perfect storm of (a) 5G networks for mobile (b) the VR headsets now more affordable (c) business and individuals adapting to C19 world.
Explains the situation very well so worth sharing..
GLA
HTC have bought a big chunk of VRE since then so future looks even more promising..
Hi Burge, anything is possible but for me I’m looking at 41 pence to start as I believe this will equate to around £100M market cap after the issue of the new shares so if we get there it could become very interesting and I will review my plan then.
GL
Thanks discus1
Might have a dabble if 50% upside
https://lse.swingtradebot.com/equities/VRE:LSE
Technical Analysis for VRE - Vr Education Holdings Plc