AXE - Archer Materials

[Chasero]

AXE looks like it could travel sideways 22c to 25c.

AXE should be seeing some announcements soon?

Anyway, they have a tonne of cash in the bank. around 4m cash, waiting some cash from SPP (1.5m) and around 7m coming in... ?

15m market cap seems a bit small considering. Current share price = 23c.

 

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AXE looks like it could travel sideways 22c to 25c.

AXE should be seeing some announcements soon?

Anyway, they have a tonne of cash in the bank. around 4m cash, waiting some cash from SPP (1.5m) and around 7m coming in... ?

15m market cap seems a bit small considering. Current share price = 23c.

Fundamentally I agree; but the Market can remain "wrong" much longer than any of us can remain solvent.
Tuesday failed to close the gap, missing the 21c at the bottom by 0.5c - frustrating!
On the other hand, MACD is beginning to show signs of a Bullish Divergence; all that's missing are buyers



At these levels though, I'm cautiously starting to build a position.

 

[kamekaz]

Hello guys,
I can see you are all very active about archer.
I found this piece of research on scribe http://www.scribd.com/doc/97395851/Dayton-Way-Newsletter-June-2012-Graphite
Its about asx-listed graphite companies. There is a full page about archer.
Hope you will enjoy it.
Also thanks for all your comments on this stock, I learned a lot about graphite as well today
Cheers
Kame

 

[burglar]

Hello guys,
I can see you are all very active about archer.
I found this piece of research on scribe http://www.scribd.com/doc/97395851/Dayton-Way-Newsletter-June-2012-Graphite
Its about asx-listed graphite companies. There is a full page about archer.
Hope you will enjoy it.
Also thanks for all your comments on this stock, I learned a lot about graphite as well today
Cheers
Kame

Hi kamekaz,

Just checked out that link and now I too, also, learned a lot about graphite today!

Cheers,

 

[chakvetadze]

Are you guys serious? That "report" is lacking in so much detail.
Very amateurish.

 

[Chasero]

AXE finally receiving 8m from BHP today for the sale of some licenses/exploration grounds around olympic dam.

Announcement just out.

Just waiting on more results from Campoona.

 

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AXE finally receiving 8m from BHP today for the sale of some licenses/exploration grounds around olympic dam.

Announcement just out.

Just waiting on more results from Campoona.

Based on 82M shares, cash is worth over 15cps; all they need are some flakes of graphite and they're away.
The chart is definitely showing potential: Gap now completely closed, and MACD starting a Bullish Divergence.
That means Technicals and Fundamentals are coming together.



I reckon it's worth a punt.

 

[Chasero]

Based on 82M shares, cash is worth over 15cps; all they need are some flakes of graphite and they're away.
The chart is definitely showing potential: Gap now completely closed, and MACD starting a Bullish Divergence.
That means Technicals and Fundamentals are coming together.

.

Yep, gap closed nicely at 21c. Maybe acummulation in play around 22c area.

13m HOPEFULLY means no dilution this year. I think SYR only has 500k in the kitty.

Worth a punt indeed.

Heavily oversold due to one of the big brokers selling out (Hudsons dropping 9m shares?) Could be good or bad, but that does distort the s/p.

 

[burglar]

AXE finally receiving 8m from BHP today for the sale of some licenses/exploration grounds around olympic dam.

Announcement just out.

Just waiting on more results from Campoona.

Today's Report:

HIGHLIGHTS
● Completion of sale of West Roxby Tenements.
● Archer has received payment of $8.0 million from BHP Billiton.
● After receipt of funds, Archer has over $13.0 million in cash and plans to accelerate
development of its 100% owned Campoona Graphite Deposit.

 

[chakvetadze]

I think SYR only has 500k in the kitty.

You thought wrong.

"At 31 March 2012, Syrah had cash reserves of $0.47 million. Subsequent to the end of the Quarter, Syrah raised $6.2 million before costs through a share placement carried out by Shaw Stockbroking."

 

[mrlister]

Problem is the syr horse has bolted. The axe one is still awaiting its moment

 

[chakvetadze]

Problem is the syr horse has bolted. The axe one is still awaiting its moment

Mate, it hasn't even started yet. Seriously. It will triple from here before AXE doubles. There you go.
With the graphite stocks, you want the largest and the highest quality flake graphite, low production costs, closeness to a deep water port, sealed road, electricity and water.......and great metallurgy.
SYR ticks ALL boxes. Hence, the market only wants it.

 

[burglar]

Latest Report: "Campoona Metallurgy and Drilling Update "

http://www.asx.com.au/asxpdf/20120628/pdf/4272w50rfpq4xp.pdf

 

[burglar]

It's official:

Medium Flake grading 95% TGC

Fine Flake grading 96% TGC

Quod Erat Demonstratum

 

[springhill]

CONTINUING HIGH GRADE GRAPHITE INTERCEPTS IN CAMPOONA RESOURCE DRILLING

Highlights
Second round of assays from Campoona Resource drilling has recorded continuing wide, high grade graphite intervals. Significant results include:
o 70m @ 15.7%TGC from 51m in hole CSRC12_047
o 63m @ 11.2%TGC from 47m in CSRC12_059
o 35m @ 14.0%TGC from 20m in CSRC12_040
Latest results confirm continuation continuity of graphite for 600m along strike. Further announcements with results from the recently completed EM survey and RC and diamond drilling programme will be made over the coming weeks.

 

[burglar]

CONTINUING HIGH GRADE GRAPHITE INTERCEPTS IN CAMPOONA RESOURCE DRILLING ...

And the price action is settling nicely near my comfort zone (I hope)

Currently out, but I have held this one more than once!

 

[pixel]

And the price action is settling nicely near my comfort zone (I hope)

Currently out, but I have held this one more than once!

I'm holding some now.
Grades are good, and sovereign risk surely beats most of the more fancied "discoveries" in other parts of the world. I'm sure the Market will re-rate the AXE once it dawns on people that the current share price is just about down to cash only.

 

[burglar]

I'm holding some now.
Grades are good, and sovereign risk surely beats most of the more fancied "discoveries" in other parts of the world. I'm sure the Market will re-rate the AXE once it dawns on people that the current share price is just about down to cash only.

I am going through a consolidation of my Super
and a capital raising with my financial institution. :

I hope to catch this one before it takes flight.

 

[springhill]

I try to ignore so called 'bubbles' and try to invest on my own criteria, so haven't taken a good look at AXE up until now.
I didn't realise the tightness of the capital structure and the great MC:Cash ratio.
I couldn't care less if a company is exploring for graphite, gold or potatoes. With the starting point AXE has makes further investigation impossible to ignore.

If I could fit it in, AXE would go straight to my Low Caps Thread list.

Company presentation out today.
http://www.asx.com.au/asxpdf/20120810/pdf/427yj4hpvprghm.pdf

 

[mr. jeff]

I didn't realise the tightness of the capital structure and the great MC:Cash ratio.
I

Just to clarify - AXE at end of quarter had $12.7M cash and currently a MC of $14.4M. Sounds wrong. Anyone differ there?