AXE (ASX) Ann: Qubit control measurements commence

Originally posted by sleekbeak: ↑

Chingy and Gerrado, thanks for sharing your thoughts.
Both methodologies share the similarity of gradual buying and not outlaying in one hit.
Both approaches sound like a smart way of managing risk which I will
try and take on board in my thinking. I think I need to do this.
Thanks again guys.

FYI I have held AXE shares in my super for the last eight years and continue to hold.

Unfortunately I also privately purchased a single large parcel outside of super
at 0.63 on market during the SPP, which was not smart because of the
excessive downside risk I was buying into and as it turned out I was now bleeding
and I was forced to sell on open yesterday.
If we go up from here it's good for my super but I have taken a significant hit personally.
If we continue to go down as the chart seems/seemed to say we will, I can re-buy more units
cheaper and bring down my break even price to something more attainable.

I'm surprised that the sp held up today as today's announcement didn't
seem that significant. A "we're starting the work" announcement
sounded very much like the recent "we've got gold" announcement, perhaps
this time in an attempt to stop the sp bleeding as opposed to supporting the
SP during a raise. I guess it kind of worked but tomorrow will tell the story.
Also the sell side seemed to be stacked higher than the buy side but it sounds
from reading the posts here that this was probably a set up.

From an ASX trading point of view, the IBM announcement was a genuinely game changing
announcement simply because of the high profile afforded by those three letters.
Many other announcements during the SPP had no where near this level of significance.
We well may had seen one another at the "$1 party" had the honeymoon not been
crashed by the SPP.

Buying in one hit on market at 0.63 during a SPP at 0.60 was just stupidity.

PS1: I'll go out on a limb and say that I don't believe AXE will ever become a gold miner or gold explorer.

PS2: I would like to get my hands on the "commercial roadmap" that was mentioned (in today's announcement)
relating to the development of the 12CQ chip. Am I as shareholder not entitled to that ???
Too confidential is it ???
All we know about the roadmap is that "control fabrication" did have a 12 month timeline
which has now been reduced to six.

PS3: The announcement mentions the "derisking of chip development" being facilitated by
the successful SPP. What I want to know is in what way has chip development derisked ? I can
only assume that what this means is the the money is available to actually do the work
(ie. pay people) as opposed to any specific technical aspect of the chip development process.

Expand

Good post and agree with most of what you said.

In my opinion....Proof of concept for the qc chip is what is required for this baby to fly. If this is established it will be very interesting and my read from todays ann (I only skimmed it as I was busy!) this may take place in the next 6 months. Wow!

Dont beat yourself up about buying at the wrong time...Ive bought and sold at the wrong time and it hurts, but as long as I learn and DO NOT repeat the same errors!

No.	Vol.	Price($)
1	15930	32.0¢

No.

Vol.

Price($)

15930

32.0¢

Price($)	Vol.	No.
32.5¢	69047	5

Price($)

Vol.

No.

32.5¢

69047

No.	Vol.	Price($)
2	28479	0.310
5	194912	0.300
5	136490	0.295
2	112798	0.290
3	52000	0.285

No.

Vol.

Price($)

28479

0.310

194912

0.300

136490

0.295

112798

0.290

52000

0.285

Price($)	Vol.	No.
0.325	69047	5
0.330	61125	5
0.335	33000	1
0.340	15943	2
0.345	5000	1

Price($)

Vol.

No.

0.325

69047

0.330

61125

0.335

33000

0.340

15943

0.345

5000

(20min delay)
Last 32.0¢		Change 0.000(0.00%)		Mkt cap ! $81.55M

Open	High	Low	Value	Volume
32.0¢	32.5¢	30.5¢	$80.57K	255.6K

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