AXE archer materials limited

Hi all, stop panicking. This is and always has been a...

  1. 1,086 Posts.
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    Hi all, stop panicking. This is and always has been a speculative share. IP goes some way, but IP is worthless in itself if the product doesn't work. Market value of this SP has been purely based on speculation up until this point, and still is. The amount of speculation has been slowly decreasing as we work towards finding a commercial purpose for the biochip. It is like a ratchet style wrenching, slowly tightening up the speculation bolt, driving it down. It clicks one way but it hasn't clicked backwards in any way. We have made nothing but solid progress thus far and no fundamental concerns other than Mo leaving, which as far as we're aware is purely for personal reasons; no technical disagreements are noted.

    It is still possible that the two products will go nowhere and the company would eventually liquidate, but, we are as far from needing to think that as we ever have been, including when the SP was at $2.80.

    Speculation is the strength of this investment, so it means that right now is the make or break - do you double down and buy more, or do you sell because you want to save the few cents of the investment you have left. That is your decision to make, but I ask why would you sell now when so much more progress has been made, perhaps if you were buying into a 'trend' or a 'fad stock', but, I think deep down if that's what you were intending to invest as, then you would have sold before it dipped back below $2, and wouldn't have bought on the way down after Tom Richardson's incorrect and misleading Australian Financial Review article.

    Just think why you bought into this investment in the first place, and then sit on your hands and wait. That is, DYOR.

    Personally, I am not buying more as I have already put so much in. But maybe with a little more progress update encouragement, I could be tempted.
 
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Last
25.5¢
Change
-0.005(1.92%)
Mkt cap ! $64.98M
Open High Low Value Volume
26.0¢ 26.5¢ 25.5¢ $38.16K 147.0K

Buyers (Bids)

No. Vol. Price($)
10 107788 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 192491 2
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Last trade - 16.10pm 19/06/2025 (20 minute delay) ?
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