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2.94%

24.8¢ archer materials limited

Ann: Change of Director's Interest Notice, page-21

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ssyd

1,689 Posts.

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30/07/20

17:35

Post #: 46192952
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Originally posted by csadeev: ↑

Axe has no regular revenue streams, so it relies on ongoing equity funding from its retail investors. If you check their cash flow statements, you can see that most of their cash is from the recent SPP. If investors stop putting in money, AXE would go bankrupt fairly quick. I don't think it was a smart move to raise money on an inflated price especially when we see that we are talking about a rather small dilution. Instead of a 4 % dilution (60c), they would have diluted 5% of their equity with an SPP of 52c. IMO it won't be easy to turn around this investor sentiment and it looks like the company could slide back to the junk pennystock category sooner or later. Personally, I won't invest a cent more unless I see the SP back to 60c.

Just personal opinion, not financial advice. DYOR.

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in the quarterly it states AXE has enough money for 3years at current spend.

Share price is irrelevant unless you need to sell.

The share price is totally driven by announcements

Last edited by ssyd: 30/07/20

AXE Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 24.8¢		Change -0.008(2.94%)		Mkt cap ! $63.07M

Open	High	Low	Value	Volume
26.0¢	26.5¢	24.5¢	$122.9K	490.1K

Buyers (Bids)

No.	Vol.	Price($)
1	36776	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	16261	3

View Market Depth

No.	Vol.	Price($)
1	36776	0.245
3	73333	0.240
3	31276	0.235
3	30589	0.230
2	6389	0.225

Price($)	Vol.	No.
0.250	16261	3
0.255	47989	3
0.260	10500	3
0.265	155322	7
0.270	56000	5

Last trade - 13.35pm 08/10/2024 (20 minute delay)

AXE (ASX) Chart