yeah, it is one way if looking at things. here’s another:
1) Archer Exploration was an mining explorer. Exploring is what they did. Scoping assets was the core business. These assets are being spun-off now in to ITech, additional funds have been raised to develop further and those already invested retain ownership. 2) A focus in high tech materials development was established years ago. Archer Exploration became Archer Materials. Now AXE is one of the few if only exposures on the ASX to rapidly advancing quantum computing technology. 3) The author missed the pivot, and multi bag returns, doesn’t see the future potential in the new focus (just as they didn’t years ago when the pivot was initiated) and still believe they made the right decision to stay out. They’d rather, by way of discouraging investment in an emerging quantum tech development company, encourage noob investors to pay a subscription to be advised of other stocks the author has a vested interest in spruiking.
I reckon it is sensible to be skeptical, and that goes both ways. Both skeptical of the future of quantum advancements, and also of those that have a vested interest in providing “advice”.
as always DYOR.
AXE Price at posting:
$1.49 Sentiment: Buy Disclosure: Held
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