AXE archer materials limited

Its the same as all options that companies issue... you exercise...

  1. 1,768 Posts.
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    Its the same as all options that companies issue... you exercise them with the company and they then issue you shares in the company - then the employees can if they chose hold them or sell them on market, just like you can sell your shares......

    Lets say Mo has 1M options issued to him with an exercise/strike price of $1.79... If you chose to exercise them (usually because the SP is north of the $1.79 exercise price) you send the company a cheque for $1.79M and they then issue with 1M shares in the company.... If you then sell those shares on market and the share price is say $2 - Mo will make 1M x 21 cents = $210,000 bonus - its a big incentive for Mo and the team to drive the share price north of $1.79....
    Note also these options have expiry dates and also yearly time frames.

    So yes as Chingy mentions above its AXE that gets the monies
    Also Ij73 states its fresh capital and provided we are above the $1.79 we will not need to cap raise for an extended period of time.
 
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(20min delay)
Last
23.0¢
Change
0.000(0.00%)
Mkt cap ! $58.61M
Open High Low Value Volume
23.0¢ 23.0¢ 22.0¢ $101.2K 447.0K

Buyers (Bids)

No. Vol. Price($)
4 58449 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 18562 4
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Last trade - 16.10pm 26/06/2025 (20 minute delay) ?
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