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.
Ann: Quarterly Activities Report, page-2
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $95.56M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.0¢ | $91.46K | 242.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14663 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 3278 | 1 |
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| Last trade - 15.26pm 07/06/2024 (20 minute delay) ? |
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37.5¢ |
Change
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| Open | High | Low | Volume | ||
| 38.5¢ | 38.5¢ | 37.0¢ | 113316 | ||
| Last updated 15.24pm 07/06/2024 ? | |||||
| AXE (ASX) Chart |