From what I understand we will defiantly be hearing more about this later this year to early next - it will again be Deep Tech like 12cq and A1 Bio Chip. Very much still on the Radar ! It is good they are concentrating on advancing 12cq and A1 more at the moment, but with scientific staff increases more resources will be available for other verticals and technologies.
Second half of 2021 in my opinion will be exciting as we should finally become a 100% ( Deep Tech )Tech Company and should be in the ASX Tech Index pretty soon where large funds can become more involved - yes ... including Super Funds What Archer is working on is Deep Tech , groundbreaking and the Technologies of tomorrow - Funds and Super Funds will be aware of the value of these markets and as archer continues hitting milestones will certainly want to park some money here. . SP has seen some major gains simply due to exposure from the recent articles instead of news flow. I think there will be much news flow later this year with a new director, patents and 12cq and A1 Bio Chip progress that will continue the strong support of the SP - some will sell on the news, always happens as we all make money different ways but I do see Archer as a strong hold and even though this stock has been life changing for me I'm still holding the vast majority of my stocks as I think the party hasn't even started yet! As much as I hate dilution personally I am kinda hoping once in the Tech Index they may opt for a placement with a fund so even if you got in at the current highs it would still be nothing to what's coming in my view. The company has a proven track record of looking after shareholders ( Senior Management are share Holders as well) and have done well to try and raise funding keeping dilution to a minimum. Personally I think they could have done better with the tenement sell off, but I'm not privy to the market conditions so possible it may well have been a good deal taking into consideration the market conditions for selling tenements and wanting to go 100% Tech Company and get into the ASX Tech Index ASAP to be exposed to bigger Investors! It is a rarity to see a company hand the proceeds of a transaction directly to it's shareholders so this speaks for itself on how the company values it's shareholders!
Currently the company has 228 Million Shares on Issue so even a placement of 10 to 20 million shares @ $1.50 could raise 15 to 30 Million to pour accelerant on the fire so to speak and really accelerate these Verticals and again with minimum dilution.
In my view, I think the Company is in an amazing position to capitalize once in the ASX Tech Index and It going to be amazing to watch what unfolds .Big Tech do have their eyes on Archer and take overs are always a possibility but Investors would make a windfall anyway, but would prefer to see this technology in Australian hands rather than being capitalized by large overseas companies.
In any case it's exciting to watch this unfold and for those Mum and Dad Investors who are prepared to take the risk and hold tight - SP will always bounce around and consolidation is quite healthy for all good stocks, I've been in the market for long enough to see what happens when the bigger fish want your shares and there's plenty of evidence of that happening right now. So if you have considered the risks and prepared to take them on Archer then hold tight ! We are not in the ASX Tech Index yet ... only a few months and we should be .. then watch what happens!
There is always risk in any stock on the market due to World events and Company performance so it's always upto the individual to weight these up those risks and I can't stress that enough.
Glad to be taking this journey with you all. Stay safe and I wish you all who are in lockdown a speedy recovery to Normality .. the the new norm anyway!
Cheers Tonza
AXE Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
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