AXE - Archer Materials
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typo ... sold axe .345 that is.
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What are people's thoughts?
Has the up move been exhausted? Or should we wait for further testing of the 0.27-0.28 support on low volume in anticipation of further advances?
Has the up move been exhausted? Or should we wait for further testing of the 0.27-0.28 support on low volume in anticipation of further advances?
I'd feel very ill at ease with a possible H&S forming. Feel more confident holding LML for the short/long term as a graphite play. Or Id look to MOX if a northbound pivot turns up. However OMI. Just how things look to me at the moment technically. I wonder if Tech would offer any input here...
i hold LML. Dont hold MOX
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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
Well ... Got that wrong! ... dead wrong!!
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I bought more SYR as soon as the 287m hole was announed and jagged them for $1.39. I bought more on Friday at $1.80 when the large seller (400K)appeared at $1.83. My average is now 88c and anyone can have them at $10.
Personally, I think the only way to play the graphite game is to be in the largest project with with best grade as it's a direct contract market not a spot market like copper or gold. SYR fits the bill. The resource is shaping up as truly gigantic. If one looks at the diagram on their recent announcement showing the drill holes, you can quickly work out the resource is so large they will never need to mine down to that 287m depth. I'd be surprised if they even bother to drill down to 287m on future holes. There's no point.
AXE is a different kettle of fish. I'm not bothering until I see their mettalurgy results. They could be crap and if that's the case, you will never seem them in production. Like the rare earths bubble, there will only be a couple of serious graphite players standing strong in two years. My cash is betting heavily on SYR.
SYR has the size, grade, metallurgy and will have no problems raising cash to build a plant. I see $1.91 as very cheap still and for those who balk at $1.91, CSE who own 11M SYR shares is an alternative entry into the project at a mere 17c.
Personally, I think the only way to play the graphite game is to be in the largest project with with best grade as it's a direct contract market not a spot market like copper or gold. SYR fits the bill. The resource is shaping up as truly gigantic. If one looks at the diagram on their recent announcement showing the drill holes, you can quickly work out the resource is so large they will never need to mine down to that 287m depth. I'd be surprised if they even bother to drill down to 287m on future holes. There's no point.
AXE is a different kettle of fish. I'm not bothering until I see their mettalurgy results. They could be crap and if that's the case, you will never seem them in production. Like the rare earths bubble, there will only be a couple of serious graphite players standing strong in two years. My cash is betting heavily on SYR.
SYR has the size, grade, metallurgy and will have no problems raising cash to build a plant. I see $1.91 as very cheap still and for those who balk at $1.91, CSE who own 11M SYR shares is an alternative entry into the project at a mere 17c.
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Hi chakvetadze,
I agree with what you are saying regarding graphite.
But there is a smallish point I would like to make.
AXE has stuff other than graphite, ... check the history!
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The other "stuff" is crap. Parden the French.
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If AXE is no threat to your fabulous holdings, why do you bother to down ramp them?
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Not downramping AXE at all. Good luck to them. They pose no threat to SYR.
Just giving my honest opinion on them. Their metallurgy is not proven yet. Without positive metallurgy they are worthless as far as graphite goes. There are companies popping up all over the place now wanting to be a graphite producer. Most will never make it. If Archer is one that makes it, great.
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"China, the country with the largest phosphorus reserves after Morocco, imposed a 135 percent tariff on the resource as part of 2008's complex series of events in which rising fuel and fertilizer costs led to rapid increases in food prices."
So the price of crap has been quite high. If AXE had stumbled on a large deposit of same, I would be happy!
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Latest report:
"CAMPOONA DELIVERS LARGE, MEDIUM AND FINE FLAKE AND VERY HIGH GRADE AMORPHOUS GRAPHITE IN CONCENTRATES"
"CAMPOONA DELIVERS LARGE, MEDIUM AND FINE FLAKE AND VERY HIGH GRADE AMORPHOUS GRAPHITE IN CONCENTRATES"
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Anyone who knows anything about mettalurgy and mining would hear the alarm bells ringing loudly.
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Metallurgy: "The science that deals with procedures used in
extracting metals from their ores".
Didn't know there was metal in graphite!
If that's the word used for it, fine!!
The metallurgy is coming!!
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Burglar I am enjoying your rebuttals.
Can there be some elaboration on why the "metallurgy" is bad please ?
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Hi mr.jeff,
The "metallurgy" for AXE is a work in process.
I believe samples have been sent for analysis and results are pending.
IMO there is no reason to believe it will be bad.
*(nearology to graphite producer at Uley in South Australia)
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burglar,
Amorphous graphite is not the type of graphite you want. I think SYR's Balama project is going to be so large they will dominate the global flake graphite market. I bought a few more at $2.00 on opening and also picked up some more CSE at 17c.
Amorphous graphite is not the type of graphite you want. I think SYR's Balama project is going to be so large they will dominate the global flake graphite market. I bought a few more at $2.00 on opening and also picked up some more CSE at 17c.
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The link:
http://au.finance.yahoo.com/news/archer-exploration-limited-asx-axe-172200188.html
The Title:
Archer Exploration Limited (ASX:AXE) High Grade Amorphous and Flake Graphite Recovered at Campoona
Press Release: ABN Newswire – Sat, Jun 2, 2012 3:22 AM AEST
Relevant excerpt:
"The two stage approach will involve targeted sizing and comminution ahead of flotation and then density separations to produce high grade large, medium and fine flake concentrate. The rejects will then be combined with the bulk sample for grinding and production of a very high grade amorphous graphite product."
Let's keep it factual!
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"The tests as seen in Plate 1 to Plate 4 clearly show that flake graphite is present and recoverable with grades to 91%TGC. Acid washing is in progress which is expected to result in even higher flake grading.
These are considered to be extremely promising results, particularly given that the only samples available for testing were RC chips which are far from ideal for flake recovery. The fine nature of the samples were challenging for any real attempts at recovering coarse flake graphite as the as received samples were already 80% passing 212 microns and any flake present would have undergone serious damage to its structure during the sample recovery process in the field.
The initial tests clearly show that flake is present in the deposit. The focus is now on obtaining large weight trench samples and diamond drill samples that will enable preservation of flake prior to comminution testing, liberation and recovery phases."
91% TGC is crap. You need a minimum 94%. Yes, "flake is present" in the deposit. What distinguishes SYR to AXE and many other hopefuls is SYR's Balama project has medium, large and jumbo flake occurring naturally. No "maybes/" after testing, liberation and acid washes. Archer's deposit is clearly a LONG LONG way from being a commercial flake graphite resource.
Only the strongest projects will ever make it to production in the graphite space.
These are considered to be extremely promising results, particularly given that the only samples available for testing were RC chips which are far from ideal for flake recovery. The fine nature of the samples were challenging for any real attempts at recovering coarse flake graphite as the as received samples were already 80% passing 212 microns and any flake present would have undergone serious damage to its structure during the sample recovery process in the field.
The initial tests clearly show that flake is present in the deposit. The focus is now on obtaining large weight trench samples and diamond drill samples that will enable preservation of flake prior to comminution testing, liberation and recovery phases."
91% TGC is crap. You need a minimum 94%. Yes, "flake is present" in the deposit. What distinguishes SYR to AXE and many other hopefuls is SYR's Balama project has medium, large and jumbo flake occurring naturally. No "maybes/" after testing, liberation and acid washes. Archer's deposit is clearly a LONG LONG way from being a commercial flake graphite resource.
Only the strongest projects will ever make it to production in the graphite space.
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I agree with what you are saying regarding SYR graphite.
