Ann: Quarterly Cashflow Report, page-7

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ssyd

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31/07/19

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Post #: 39773247
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Originally posted by Tonza: ↑

Yes, they can only show the amounts for that given period so anything after that goes on the next quarterly.
Good to see some income for the quarter there from Carbon Altropes $ 31,000 ...

So Cash and Cash Equivalents at the end of the quarter of $696,000 + $1.35 Million = $2,046,000 to kick off the current Quarter.
Estimated cash outflows of $600,000 for this quarter. $2 million coming at the end of December ( refer to announcements 2nd July 2018 and 30th August 2018) puts them in a comfortable position cash wise to deliver on their goals without any capital raising till at least late next year and may not need to depending on the Quantum chip outcome!

12CQ qubit processor prototypes progressing well and next stage will be completed this quarter. The Biosensor technology with the German Biotech also appears to be progressing well with discussions continuing.... and great to hear technical development with UNSW to test sphericalgraphite products commenced during the Quarter and results will be announced as they become available. Those who do read the announcements are aware that they successfully produced Spherical Graphite from the Campoona deposit ( announced 12th March 2019) and this is a far higher quality graphite commanding in excess of $3,400 to $4,400 USD a ton ... yes .... US Dollars not Australian! This area will be another interesting area to watch as Electric Vehicles ramp up and the focus will be on Battery performance and range, Spherical Graphite is a far superior graphite to use in any battery technology and in time, Graphene.

Overall a good Quarterly and personally I'm happy with progress and the cash position. It's been a struggle like most spec stocks but the clouds are clearing and this stock could be exposed to blue sky territory very quickly!
Certainly alot going on with their three verticals and there's no doubt the Room Temperature Quantum chip build ( a worlds first! ) taking place right now in the Nano Tech Foundry is the most clear project that could propel this stock to multitudes of what it is now!

Interest has grown and reflected in the trading and accumulation of this stock and why not the stock price is incredibly low for the potential realization of their projects. An interesting second half coming up and looking forward to more updates when they're able to release them.

Exciting times ahead and wish everyone well in their investment here.

Cheers
Tonza

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Thanks for the $2million and sharing the research.
https://archerx.com.au//src/uploads/2018/07/20180702_Sale-of-Leigh-Creek-Magnesia-Project-ASX-Release.pdf
https://archerx.com.au//src/uploads/2018/08/20180830_Leigh-Creek-Magnesia-Project-%E2%80%93-sale-update-ASX-Release.pdf

AXE Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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