AXE - Archer Materials
- Thread starter shinobi346
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The SP was around $2.20 when you posted...
So, looking at the chart, there's no indication yet that sellers are finished.
Daily systems I presume were out on Tuesday or Wednesday last week, and presuming many/most?, but not all, weekly systems will be out today.
SP currently back at pre-existing level/ trend before breakout.
Will be watching closely this week for a reversal for re-entry opportunity, particularly today and tomorrow.
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(Hourly Chart)
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Overnight US lead in may set the stage today with AXE potentially being a beneficiary.
NVIDIA up 5.5%, AMD up 4%
NASDAQ up 1.55%
US Tech stocks at 52 week highs;
Cisco, Motorola, Adobe, Autodesk.
The inflation trade seems dead again for now.
NVIDIA up 5.5%, AMD up 4%
NASDAQ up 1.55%
US Tech stocks at 52 week highs;
Cisco, Motorola, Adobe, Autodesk.
The inflation trade seems dead again for now.
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Announcement today.
"Notification of return of capital by way of in specie distribution of +securities in another entity"
Does this mean holders will get free stocks in a company to be listed soon?
It's all a bit gobble de gook to me!
Can anyone with experience in these types of matters please explain?
I would be much obliged.
"Notification of return of capital by way of in specie distribution of +securities in another entity"
Does this mean holders will get free stocks in a company to be listed soon?
It's all a bit gobble de gook to me!
Can anyone with experience in these types of matters please explain?
I would be much obliged.
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So no great damage attained on last Thursday's market down day and a strong up bar Friday.
While 1solid up bar doesn't indicate consolidation has finished, it's a good start.
I'm expecting some more positive movement over the next few weeks.
Will be looking for confirmation of that to start in this next week.
While 1solid up bar doesn't indicate consolidation has finished, it's a good start.
I'm expecting some more positive movement over the next few weeks.
Will be looking for confirmation of that to start in this next week.
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Yeah, that's what it sounds like when iTech shares get IPO'ed...
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AXE man is back!
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In amongst a lot of red AXE has continued with the upwards momentum of the last couple of days.
Speculation on US Patent being formally granted very soon?
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Talk about putting the mocker on!
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ASX Announcement (ASX: AXE) 22 September 2021
US patent granted for 12CQ quantum computing chip
Highlights
• Archer reaches its most significant early-stage commercialisation milestone
with the granting of a US patent for the 12CQ quantum computing chip.
• The patent grant protects Archer’s 12CQ chip technology IP and allows the Company to explore opportunities to work with quantum computing
partners in the US.
• US companies are considered to be the dominantforce driving innovation in the semiconductor and computing industries.
• Archer is the only ASX listed company and one of a few players in the world
with a patent portfolio protecting a qubit processor chip technology in the semiconductor industry†.
US patent granted for 12CQ quantum computing chip
Highlights
• Archer reaches its most significant early-stage commercialisation milestone
with the granting of a US patent for the 12CQ quantum computing chip.
• The patent grant protects Archer’s 12CQ chip technology IP and allows the Company to explore opportunities to work with quantum computing
partners in the US.
• US companies are considered to be the dominantforce driving innovation in the semiconductor and computing industries.
• Archer is the only ASX listed company and one of a few players in the world
with a patent portfolio protecting a qubit processor chip technology in the semiconductor industry†.
X Announcement (ASX: AXE) 22 September 2021 US patent granted for 12CQ quantum computing chip Highlights
• Archer reaches its most significant early-stage commercialisation milestone with the granting of a US patent for the 12CQ quantum computing chip.
• The patent grant protects Archer’s 12CQ chip technology IP and allows the Company to explore opportunities to work with quantum computing partners in the US.
• US companies are considered to be the dominantforce driving innovation in the semiconductor and computing industries.
• Archer is the only ASX listed company and one of a few players in the world with a patent portfolio protecting a qubit processor chip technology in the semiconductor industry†.
• Archer reaches its most significant early-stage commercialisation milestone with the granting of a US patent for the 12CQ quantum computing chip.
• The patent grant protects Archer’s 12CQ chip technology IP and allows the Company to explore opportunities to work with quantum computing partners in the US.
• US companies are considered to be the dominantforce driving innovation in the semiconductor and computing industries.
• Archer is the only ASX listed company and one of a few players in the world with a patent portfolio protecting a qubit processor chip technology in the semiconductor industry†.
over9k
So I didn't tell my wife, but I...
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This looks like the most degenerate thread on ASF today, so how are we all doing folks?
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Well, it wasn't degenerate, but then you turned up... ?
Doing ok, yourself?
I have previously mused that this company will likely be lost to Aus.
Question is, will it go to EU or USA. I expect Silicon Valley will be all over this sooner or later whilst it's still cheap.
Around half a billion MC seems like a proper bargain... although it won't get sold that cheap. At least double that imo.
@apoenzyme
I beat you by seconds...ha!
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Company making great progress, nice to see...
Surprisingly a lot of profit taking must've kicked in as early morning gains have evaporated...
Surprisingly a lot of profit taking must've kicked in as early morning gains have evaporated...
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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Archer Materials has tapped Canaccord Genuity and Taylor Collison to raise $15 million via a placement.
The offer was priced at $1.45 a share which is a 16.4 per cent discount to the last traded price, according to a term sheet sent to investors. The placement in not underwritten.
Archer also plans to raise $5 million via a share purchase plan to shareholders, also priced at $1.45 a share and not underwritten.
The offer was priced at $1.45 a share which is a 16.4 per cent discount to the last traded price, according to a term sheet sent to investors. The placement in not underwritten.
Archer also plans to raise $5 million via a share purchase plan to shareholders, also priced at $1.45 a share and not underwritten.
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AXE is trading again, predictably SP has taken a fair hit.
Below is an excerpt from todays announcement related to the proposed SPP for existing holders. As a new investor in shares my exposure to SPP have been very limited & I was wondering if the bolded text is a normal condition?
Below is an excerpt from todays announcement related to the proposed SPP for existing holders. As a new investor in shares my exposure to SPP have been very limited & I was wondering if the bolded text is a normal condition?
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Record date for Itech IPO is 13th Oct and issue next day.
So I take that to mean today would be the last day for buying AXE to get the "free" attaching Itech shares.
Distribution ratio, (approx)
4.78 AXE shares = 1 Itech share
Itech shares have IPO'd at $0.20 and the full (maximum) subscription of $7mill was taken up.
Recent CR at $1.45 for $15 mill and current SPP for $5 mill max at same price, SPP ends later this month.
So I take that to mean today would be the last day for buying AXE to get the "free" attaching Itech shares.
Distribution ratio, (approx)
4.78 AXE shares = 1 Itech share
Itech shares have IPO'd at $0.20 and the full (maximum) subscription of $7mill was taken up.
Recent CR at $1.45 for $15 mill and current SPP for $5 mill max at same price, SPP ends later this month.
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ASX Announcement
(Market sensitive)
(ASX: AXE) 14 October 2021
Early-stage validation of qubit robustness
Highlights
• Robustness of qubit coherence validated for the first time in an inert atmosphere at room temperature.
• The work demonstrates a significant advantage over competing room-temperature qubit proposals that rely on high vacuum environments, such
as ion-traps, that are difficult to integrate onboard mobile devices.
• Archer is well-funded to progress its 12CQ chip technology development after recently raising A$15 million via an institutional placement.
• Archer is the only ASX listed company and one of a few players in the world developing qubit processor chip technology in the semiconductor industry†.
(Market sensitive)
(ASX: AXE) 14 October 2021
Early-stage validation of qubit robustness
Highlights
• Robustness of qubit coherence validated for the first time in an inert atmosphere at room temperature.
• The work demonstrates a significant advantage over competing room-temperature qubit proposals that rely on high vacuum environments, such
as ion-traps, that are difficult to integrate onboard mobile devices.
• Archer is well-funded to progress its 12CQ chip technology development after recently raising A$15 million via an institutional placement.
• Archer is the only ASX listed company and one of a few players in the world developing qubit processor chip technology in the semiconductor industry†.
