Nice update - although it was a bit of a shamble - the raise during the quarter has put Archer in a very strong position.
If they were to double their expenses to around the $1m per quarter - they'd still have around 7 years worth of capital.
If they were to quadruple expenses to $2m per quarter - they'd obviously have around 3.5 years.
They've always run it pretty lean which is great (caveat - ignoring our Chairmans wages - never been 100% on that one).
Not much in the quarterly for the price jockeys - but the long longs will be happy IMO.
Good luck all.
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.61M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.0¢ | 22.5¢ | $89.25K | 387.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104441 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 56023 | 2 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| AXE (ASX) Chart |