AXE 7.02% 30.5¢ archer materials limited

chart, page-29

  1. 7,432 Posts.


    chimera,I'd prefer AXE got back onto to the mainline and consolidated in the 30's rather than gap closing 20 and/or hanging around the 20's.

    A mix of Greek Euro and dang Hudson liquidity got us into these 20's and there's a Market suspicion AXE got pumped into the 30/40's for Hudson to dump.
    Yet we had all that Market Cap analysis justifying at least a 30's share price.
    Also there's all those SPP holders disillusioned by a near 30% drop.

    No I think AXE has to be back in the 30's and staying there ASAP.Consolidate there for a launch into blue sky 50's on the basis of our anticipated further excellent drill and metallurgy results.
    Proper JORC backing compared to SYR,chimera.

    If we accept the "expert" opinion that a Graphite Producer has an approx $200 mil Market Cap?then AXE should get a move on towards that from it's current what $20mil MC ?

    AXE won't need any forseeable Capital Raising with the current Cash in Bank completely adequate to fast track Production maybe next year.
    AXE has to be recognised as a Leading Graphite near producer and it needs Momentum in it's share price to draw that attention and a much more respectable,indicative Market Cap made by a Risen SharePrice.


    Let's look for a Xmas in July Fifty Cents!!
    Let's get the Charters announcing a double bottom pattern!!
    instead of droning on about a gap obsession.
 
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