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21.5¢ archer materials limited

Ann: Completion of sale of the Leigh Creek Magnesite Project, page-27

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Legman

2,187 Posts.

342

09/12/20

21:58

Post #: 49467253
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Originally posted by rambleon: ↑

Its good to have this finalized and i will be watching the Volatus company little more closely now as it would appear we are major shareholder in that entity. So technically we sill hold the mine but its through a different coy. From what i can see Volatus is closely tied to Crest Resources (same MD ). You can have a look at the CSE website for more information. I am however wary that overtime our shares will be diluted and to cash them in at current prices will require the VC share price to remain at the same levels or higher. But you never know our investment might just provided some speculative gains.
https://thecse.com/en/listings/mining/volatus-capital-corp

With regards to the comment about mining some of the resources especially the graphite, it all comes down to Supply and Demand and what we can get for that product. In time the graphite price should kick on however if the market isnt there its no point going to the bank and asking for money if we are not gong to be able to sell it. The good news is though, when we do what to mine it, it will happen pretty quickly.

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Are you still watching Volatus? I'd appreciate your thoughts on the transaction please.
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(20min delay)
Last 21.5¢		Change 0.005(2.38%)		Mkt cap ! $54.79M

Open	High	Low	Value	Volume
21.0¢	23.0¢	21.0¢	$55.05K	251.6K

Buyers (Bids)

No.	Vol.	Price($)
6	97200	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	171192	3

View Market Depth

No.	Vol.	Price($)
6	97200	0.215
5	22672	0.210
4	40024	0.205
7	45800	0.200
3	27910	0.195

Price($)	Vol.	No.
0.230	171192	3
0.235	28763	2
0.240	21000	2
0.245	30000	2
0.250	39000	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

AXE (ASX) Chart