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.
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.80M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $39.48K | 146.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71996 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 77572 | 1 |
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| Last trade - 15.37pm 17/06/2025 (20 minute delay) ? |
| AXE (ASX) Chart |