What is happening, page-13

100% well said SSYD, I took advantage of getting in at these prices. one of the reasons why is in the chart below.
I have no problems seeing this pullback and its not going to be linear like most people would wish, well at least not yet.

On a side note, there were a few gifts from the Budget which i think will benefit Archer ( even though it does seem like an election Budget)

1. Patent Box
FEDERAL BUDGET 2021: PATENT BOX REGIME ANNOUNCED FOR AUSTRALIAN MEDICAL AND BIOTECHNOLOGY PATENT

A ‘patent box’ is a policy tool which applies a lower rate of corporate tax to any profits derived from patents. Patent box regimes can incentivise domestic investment in research and development (R&D) and disincentivise companies from locating income offshore. This kind of policy tool can also assist in bridging the gap between R&D and commercialisation.

2. Cyber Security - Not that 12CQ is directly involved in shaping CyberSecurity, there will be a point in time that corporations need to have sophisticated hardware (and not just software) to stop the threat of Cyber Crime, enter Quantum Computing.

3. New initiative announced called the- Global Science and Technology Diplomacy Fund ..

Budget boost to manufacturing to secure Australia's recovery

Developing a new Global Science and Technology Diplomacy Fund that consolidates international science programs in the Industry, Science, Energy and Resources portfolio, which will create efficiencies and allow for a greater focus on supporting strategically important emerging international science, research and technology collaborations with global partners.

4. Modern Manufacturing Strategy - From the October Budget, this will be ongoing and is really where Archer can benefit.

Modern Manufacturing Strategy

Anyway these are few things i have on my mind, nothing changed and from MC interview the other day, he seems pretty happy with life at the moment..