AXE archer materials limited

I haven't gone into it much,vince but it's the Corporate...

  1. 7,432 Posts.
    I haven't gone into it much,vince but it's the Corporate Structure of SYR I wonder about.These cross holdings with CSE and it seems others[Saudi SYR etc]
    Such cross holdings make it difficult to raise capital internally and Graphite Companies will need to Capital Raise internally [cash from existing shareholders] if they're going into Production.

    Also don't like frothy announcements on visual drill results with actual lab analysis still 4 weeks away.

    Anyway imho the SYR Market Cap is so high mainly as a function of limited shares on issue at the moment.Look at the parcel sizes being traded.Often say $10grand or less.
    Low Liquidity especially for accumulating a Big Boy "endorsement" holding.

    anyhow today gives another Market example of Gap Theory to learn from in coming days.

    Happy Trading
 
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(20min delay)
Last
27.0¢
Change
0.005(1.89%)
Mkt cap ! $67.53M
Open High Low Value Volume
27.5¢ 27.5¢ 26.5¢ $1.559K 5.808K

Buyers (Bids)

No. Vol. Price($)
3 4911 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 753 1
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Last trade - 10.43am 14/07/2025 (20 minute delay) ?
AXE (ASX) Chart
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