How's it going FHC, all good with me. Thought I would sit this one out. Every time they progress with characterising the qubit nanomaterial, they discover new potential uses. Not sure if this is a good thing. It's great in a lab, but engineering something that people want requires focus.
The board signalled that they want to clear up any ambiguity around short term/long term commercialisation of the 12CQ. Now which particular short term goal are they focused on. So far I assume it's still the magnetometer. The recent semiconductor Australia presentation was aimed at venture capitalists and private equity from what I can see. VCs in tech tend to prefer shorter term pay outs. While that's more doable with software, AXE is offering some possibilities with hardware. Maybe some of that is the buying we're seeing now? Good to see some price action in the right direction. While I continue to hold for the longer term, I'm also much more interested in the short term now. IMO we have some catalysts due - news around the TMR sensors by year end, some bio chip testing news, the graphene material patent, first hints of rate cuts. All should help.
AXE Price at posting:
26.5¢ Sentiment: None Disclosure: Held
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