They are well funded with $25 million so no Cap Raise for a long time yet. During conversation Mohammad mentioned their careful use of funds and they do have a history of efficient use of funds anyhow.
Greg explained the resolutions regarding additional placement capacity and this would only be used should an acquisition that would benefit the company should it arise, but explained we are well funded and currently they have no need to utilise this.
They did say due to progress made development has accelerated.
They are constantly engaging with potential partners.. and looking for opportunities that would benefit the company… as Mohammad said at the meeting.. Archer can’t afford to just stand still.
Bear in mind the complexity of what they are doing I personally feel things have stepped up a notch.
They are well funded with $25 million so no Cap Raise for a long...
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $91.74M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.0¢ | $27.25K | 73.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40945 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| AXE (ASX) Chart |