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AXE - Archer Materials

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Does anyone have an opinion on this stock.

Although the issue was over subscribed, they listed at the height of the August sub prime falls and have never really recovered. $6m in the bank.

At early stages of exploration, might explain the languishing share price.
 
Aussie2Aussie said:
Does anyone have an opinion on this stock.

Although the issue was over subscribed, they listed at the height of the August sub prime falls and have never really recovered. $6m in the bank.

At early stages of exploration, might explain the languishing share price.
Click to expand...

Something has put a rocket under this share over the last 2 days.

As I said above, the share has been ignored, then yesterday it was being bought up in the afternoon. Todays volume is significantly more than its daily average over the last few months.

Any opinions?
 
Sellers seem to have dried up at present which is interesting considering the market sentiment at the moment!!
AXE has bounced of its low of 0.037 in December up to 0.06 where it is sitting at present. Buyers are at 0.06 but sellers are sitting at 0.11 now. Its not surprising once you do a few figures:
AXE Market Cap A$2.75 million (@ SP of 0.06)
AXE Cash in Bank A$5.47 million

AXE exploration budget for 2009 is set at A$1 million beginning this month with preparatory work already completed for major West Roxby IOCGU drill targets. Details of their drilling program are mentioned in their last quarterly and are due to kick off this month.
 
Anybody been watching AXE lately? Not much action for quite a while, just slowly edging its way up but not quickly. However, the last couple of days there has been increasing interest and today the sp shot up nearly 40% to 12.5c with some big buyers. No significant news out since the quarterly but am wondering if something is stirring.
Anybody have any other thoughts? :D
 
Given the recent performance of AXE, I cannot understand why there are no recent posts. :confused:
I don't hold AXE at the moment, but it is on my shortlist!

*(I don't hold AXE at the moment, probably a good thing) :D
 

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burglar said:
North Burra 200 Km's North of Adelaide

Ketchowla Rare Earth Elements
REE values to 0.47% identified in Ketchowla Manganese Deposits

http://www.asx.com.au/asxpdf/20101217/pdf/31vnvlxv9r3n3m.pdf
Click to expand...

They have very few shares on issue
and can move fast (proven in the past).
They have fallen with "the market"
and then risen with "the market".

If they bring good news in a rising market ...
...
what, you think I'm a prophet now?

What are my expectations of this brash
Junior explorer in harsh, unprecedented times?
I've dipped in one toe, for the moment.

:axt:
 
tech/a said:
Funs finished---all over before you can determine fair value!
Click to expand...

My father had an appointment with the kidney specialist.
My poor driving caused him to bang his head,
popping his ear wax,
bringing tears to his eyes and
p!ss!ng his pants.

Thereby, fixing all his symptoms at once!! :)

So, yeah, i was out for the morning and missed the excitement.
"Life is what happens while your making other plans"

PS @v@ Two in the green!!
 
https://www.sharetrading.netwealth.com.au/Private/CompanyResearch/Announcements.aspx?stockCode=AXE

Exploration Target Upgrade at Sugarloaf Graphite Deposit


Highlights

Archer has previously reported wide intersections of highly graphitic schist at its 100%
owned Sugarloaf Graphite deposit.

Prior to the April 2011 drilling the combined historic drilling indicated an exploration
tonnage target of 9 to 20Mt of highly graphitic schist. Drilling in April 2011 revealed
the previous estimate was likely to be conservative in terms of potential tonnage. The
exploration potential of highly graphitic schist is now estimated at between 24-37Mt*.
The deposit remains open along strike and at depth.

Due to the paucity of assay results Archer was reluctant to ascribe a grade range for
the graphitic schist. The April 2011 drilling when combined with the 4 holes assayed
in 2009 is sufficient in terms of assayed intervals to enable an indicative estimate of
grade for the exploration target of 10.9% Total Carbon (sample size n=319). The
expected grade bounds for the graphite are estimated at between 10-12% Total
Carbon. This grade is at least comparable with reported drill intercepts at the Uley
graphite deposit located on the lower Eyre Peninsula.

Drilling has confirmed the down dip continuity of the graphitic schist to at least 120m
below surface and there are no signs of the graphitic unit thinning at depth.

Drill intersections indicate a true width of the graphitic schist of 40m.
 
Further Graphite Intervals at Campoona

Update on drilling out today... graphite stocks red hot atm.

Topped up some more on AXE as I think MOX has run too far...

Sold most of my SYR and MOX holdings and into AXE. :)
 
chakvetadze said:
SYR is the premier graphite stock. Can't understand why you would switch into AXE.
Click to expand...

Just had a look at SYR chart ... very impressive!!!!

They have had a great run.

No way would I question anyone who has taken profit.

Onya Chasero! I wish you luck!!


PS. AXE is in South Australia FWIW:2twocents
 
Very positive announcement fri morning on drilling results with continuation of high grade graphite in Campoona. Yet, in the end was trumped by a general end of week sell off in the whole graphite sector. I wonder if latest announcements will have some delayed influence on it's recovery and a continuation of a good breakout about a week ago. We'll see.
 
chakvetadze said:
SYR is the premier graphite stock. Can't understand why you would switch into AXE.
Click to expand...

Gotta too many gains from SYR and thought AXE was lagging behind. So took a position on AXE.

Oh how wrong was I.

SYR tanks the rest follows. SYR goes up rest follows. *shrug*
 

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