I was expecting support to hold until the half yearly report, and the reiterated progress maintain interest.
its a relatively illiquid stock so the smallest of volumes can result in significant price swings up and down.
i feel that the recent Microsoft announcement may had an impact on the sentiment of few holders, and without buying interest to match… the price drops.
this is why I think it is so critical to maintain frequent communication of progress towards near term commercialisation/return on investment.
Archer doesn’t really need cash at the moment, plenty in the bank. But it does need to retain investor interest otherwise when cash is finally needed, a low market cap will limit prospects. Archer is not only in competition to be the first to bring game changing tech to market, but competing with every other company that needs to attract investment dollars.
ever dollar spent really needs to be justified as a step towards a return on investment. And it’s time to start talking about when, and how much that ROI will be.
if it’s not in the near term, investors will continue to seek faster returns elsewhere.
AXE Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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