The explorers of lithium, gold, cobalt, silica etc are bagging, whilst tech stocks like OBJ and cryptos are sagging.
But with cryptos, as with SH in the likes of OBJ, the only losers are those that sell, and I note the cryptos have (A) Recovered and (B) stabilized.
I just picked up another parcel of OBJ today based on the pretty pictures of some of the awesome marketing such as the SK II Palace where even the elevators and lifts shout the message...
The huge unknown is the royalty rate, so that no one knows how much we will get. The uncertainty of no guidance keeps the SP down. We have to base our guidance by a combo of looking at past performance and guesstimates of P and G sales, royalty rate and a whole variety of pretty pictures, which is all very well, but does not particularly attract new investors.
When some good info comes to hand or perhaps a new Ann with a different partner, then we start the steady 10 bag from 3.5 cents to the El Dorado of ABDM's 35 cents!
Meanwhile, our new director and interim chairman bought in at 5 cents, so he is 30 percent down, and has some personal incentive to see OBJ's SP rise like a Phoenix from the ashes...
I think holders' patience has been tested long enough and I think by Christmas 2018 we should have something to celebrate about. But then again, we have ALL been wrong before!
OBJ Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
(20min delay)