Member Info for cristalball

Indeed - tick tock….

I reckon if 350 to an end user - then maybe 150/200 a unit wholesale- so possibly 300k at 1500 units ? Not getting excited about that .

Basically we are being propped up due to their being no way to sell shares - took me ages in small chunks to acquire - now you can't get a quote for anything. It's still a profitable business, and will continue to grow and be supported by our private equity owners. Long term hold now.

Interesting review from one of their affiliate sites - pinch of salt - but are we already allowing cross state activity ?

https://oddspedia.com/us/sportsbooks/watch-and-wager

This could be a great start with the newly branded t42 / kylos product in shipping

https://twitter.com/t42iot/status/1576845130161496064?s=46&t=KLggMec6uNbJjTf0QNtrKg

When do you exit though ? Hindsight is a wonderful thing - the two things stopping me from selling back in January were: 1/. I’ve been here soooo long I may as well see it out and 2/ the MC was still stupidly low . We are now 30% of what we were in Jan . Go figure . I also note - t42 are now paying for “promoted “ tweets - WTAF - who are they targeting? Retail investors ?

We get to 30p on anticipation, drop to 11p on delivery of DFS. Need a quick resolution on the MDA .

Next to impossible to get any volume, just nothing in free float. The recent IGT case has basically meant the Wire Act doesn't apply to online casino or shared liquidity in Poker across state lines. One of the two bills in California will most likely pass in November and then it's a full suite of sports betting we can launch into the worlds 5th largest economy. We don't really need a takeover, and it's likely if the main sponsored bill passes - the big guns won't need to acquire us. a tiny fraction of this market would be a company changer.

We don't have any sales from DHL?

https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_22_5523. That's it - i am certain of a takeover / JV .

6 years and waiting.....

Good posts HM. As i said at the time - OpenBox was just a startup / opportunistic venture - nothing to get excited about. Being invested here is really frustrating - All looked a bit more rosy up at 27p - but still terrible really in old money. I recall buying at 4p in old money - we are nearly back down there after consolidation and loads of sales contract progress. We are almost being priced to fail now. A very odd market when you look at the caliber of our partners. Ah well, i will crawl back into hiding as i can't see anything happening here soon.

The going concern declaration features on a huge percentage of AIM microcap stocks because it is required under GAAP.

All of the risks you have stated I have been aware of for 5 + years (and form part of the investment decision) I don’t think nationalisation is likely .

From a macro perspective- the risk of product substitution is more concerning - if the market finds a better permanent magnet motor for EVs etc - we are screwed . This is more likely, the higher the price of REE stays .

Some thoughts from last night -
1 - I genuinely believe this drop is just due to the market being spooked by where the mine funding is going to come from and ergo, the MDA - obviously chicken and egg to an extent . I still strongly believe that the US are going to come knocking . We don’t need working cap funding . We survived for years on scraps .
2 - when you read the final page of the results - we WILL transfer exploration licenses into mining licences. (The auditors wouldn’t allow this certainty of language unless it was contracted) and
3- DFS for an ‘integrated’ project - is mentioned once MDA signed AND after Pulawy feasibility study complete = much bigger prize . Could be what the investors / acquirers are waiting for….
4 - the 500k USD p/m cash burn - I assume this is linked to the completion of the DFS ? So we would now revert to historic cash use levels - e.g. <100k pm
5 - we need c250m to finance a mine with 2.1bn cash flow .
6 - price action suggests a small fund raise to take us COMFORTABLY through the next 12 months while we sort the next steps out .
7 - takeover becoming more and more likely.

Nice update today .

Sold this POS this morning - nice 70% loss on the tip. When will I ever learn to not follow others .

All the day traders and rampers now gone as usual

I think the 13p-17p spike was clearly driven by those who saw an RNS and bought without any idea of what the company do or their history. Maybe we should reflect and take the 30% today, hopefully begin the slow climb back to the 20s.

I have consistently posted and provided the board with info, including the in situ valuation of the resource - via twitter. I am fully aware of what's there, the mining, processing and onsale costs give you the IRR /NPV.

The big issue is (and why i didn't want to see the DFS) - AIM is an imperfect market and doesn't give two hoots about fundamentals. If we have one sniff of interest from a super major, this will do cartwheels. However, based on what we know, we need a lorry load of cash , and an MDA. As i said.

(caveat - i still hold all of my shares - even bought back the 13% i sold from the 5p days). I am just realistic.

Munch - I do not know what figure you are quoting. $388m needed in terms of capex (costings within the RNS below), it is not unreasonable to assume that over the following 3-5 years until we have sustainable production, there is another $100m needed in terms of operational expenses. When i read through the RNS, in my head i just remembered c500m. that's all. nothing vindictive.

Capital Cost Summary
Total Development Capital US$ million 277.4
Contingency US$ million 33.8
Total Development Capital Including Contingency US$ million311.2
Sustaining capital and reclamation US$ million 77.6
Total Capital Expenditure US$ million 388.8