I'll be flying down to Sydney to attend this years AGM 2105. I'll have a few engagements whilst there and a bit of R&R but I'll happily give a quick post on the Vibe of the meeting afterwards.
It's been a tough year I think for everyone with just about everything but the kitchen sink thrown at us ! From Interest rate hikes, inflation data - supply and demand issues, Covid variants to Geo Political Tensions and more affecting Trading and Investments
It is slowing going at the moment and there has been downward pressure on the AXE SP for sometime. In my opinion the company has been performing very well and the current SP is unjustified for the achievements to date. Trading and investing on the markets always comes with it's risks and hence why you shouldn't trade or invest more than you can afford to lose!
Archer had almost 10,000 share holders from memory and many of these would be mum and dad investors. With Interest rate hikes likely forcing the hand of many holders and the uncertainty of World Events there would have been many reluctantly selling out or reducing their holding. For every seller there is a buyer though!
Looking at the annual report compared to previous years, many in the Top 20 have increased their holdings - these are obviously Long Term Investments, but the day to day price swings and drops can be challenging to many and the important thing for many is protecting capital so you do what's right for you!
Irreverent to what the market is doing, Archer is continuing to progress it's activities, it's well funded into the foreseeable future - actually .. at current spend rates over 2 years of funding so there is no problem with funding for some time yet! Greg English mentioned in previous announcements that Archer had "graduated" from the Startup Program with IBM and is no longer considered a startup company due to advancements in their technologies. Archer and IBM appear to still be in discussions on other projects and in light of further advancements I'd like to think these would be pretty serious discussions on other activities between the two.There is still a way to go but it's becoming more evident they have the right people at Archer with the skill sets to progress 12cq and Bio Chip towards commercialization.
Certainly, Archer is in good company with Big Blue - IBM's recent announcement below regarding their 433 qubit machine is turning heads and although Archers 12cq wouldn't be in direct competition with their cloud based system it would certainly be a valuable mobile Quantum technology platform once fully developed! The mention in the presentation today that Geeris kindly pointed out regarding the Qubit based QRNG's for encryption gives one very good example to the value of Archers Technology in mobile devices. I would think in time when Quantum has matured .. every device would require these for safe passage of your data and banking apps. It may be a slow grind but I do see great potential for Archers Technology that would generate a good income in the years ahead!
The Semiconductor space is a good space to be in and I think more investors .. as well as governments are starting to realize the importance of this vital industry. A company like Archer is new, but I think they have achieved an incredible amount of progress in a short time and looking forward to the progression and Australia advancing it's own Semiconductor Industry here.
Some new Patent Applications I've noticed from Archer also- see below.. . Also I've noticed a new series on au Manufacturing in which Archer has agreed to contribute called "AUSTRALIA’S PLACE IN THE SEMICONDUCTOR WORLD" If the link doesn't work, hopefully you can find it by copying and pasting the title into your browser.