AXE archer materials limited

"At 20c a share, who thinks it's cheap considering the tenements...

  1. 1,724 Posts.
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    "At 20c a share, who thinks it's cheap considering the tenements they will have ?"

    The share price is irrelevant to whether the company is cheap.

    I have not as yet researched how many shares are on offer and hence it's market capitalisation.

    Anyone know offer hand how many shares are on offer?

    Ok I was feeling lazy but I checked.
    https://www.itechminerals.com.au/prospectus Page 9

    https://hotcopper.com.au/data/attachments/3518/3518449-b069374bd1e99f12bb1ff451b06f1820.jpg
    So Am I right:

    M/C Total num shares: = 86083334 * 20 cents $17,216,666
    . 96083334 * 20cents $19,216,666.8


    I assume we get a share out of the vendor shares.

    First bought into archer when MC was about $11m. How things change. Certainly did last week!!!
    I was after graphite and cobalt






    Last edited by ssyd: 27/08/21
 
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