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.
Nice update - although it was a bit of a shamble - the raise...
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $57.34M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.5¢ | $62.79K | 275.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 258875 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 64223 | 7 |
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| Last trade - 13.35pm 26/06/2025 (20 minute delay) ? |
| AXE (ASX) Chart |