AXE - Archer Materials

[burglar]

All last week was a falling knife. ...

I am watching very closely!


Disclosure: holding a few, looking to add!

 

[burglar]

I am watching very closely!


Disclosure: holding a few, looking to add!

I added on 10 May, a bit early, with my hindsight goggles on.

 

[burglar]

Cup and handle?

 

[pixel]

Cup and handle?

volume?



a C&H breakout requires a significant volume increase, which I can't see.
And looking at other hopefuls in the graphite sphere, it seems SYR's claims are putting the threat of massive over-supply into everyone's mind.

 

[burglar]

volume? ...

Graphene Readily Extracted From Campoona Graphite:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01467083

 

[burglar]

Graphene Readily Extracted From Campoona Graphite:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01467083

Will it be enough to get them running?

 

[burglar]

... Will it be enough to get them running?

Sold some and kept some!

 

[burglar]

I failed to guess/calculate they were rolling over today.

If they continue to fall (target 15c to 17c) I will think about re-entry.
If they find some momentum, I still have some!

 

[burglar]

... I don't have the interest to read in its 15 pages ...

It is the usual stuff we get from Archer.
We have taken on, way too many projects.
Here are some nice piccys of the many tenements we own.

Some nice tables and graphics, maps and schematics!
That kind of stuff.


Only a matter of time, they'll be divesting noncore assets
to focus on their major projects!

The day they announce an off-take agreement for the graphite,
is the day they will go ballistic!

 

[Julia]

Meanwhile the magnificent total of two trades today!

 

[burglar]

Meanwhile the magnificent total of two trades today!

Up 6.2% (After brokerage) in two days.
No complaints from me!

 

[burglar]

Meanwhile the magnificent total of two trades today!

Only two trades matter to me, Entry and Exit.
Time will tell.

 

[burglar]

Key Milestone for Eyre Peninsula Graphite Project:

Announcement

 

[greggles]

Archer Exploration seeing some love recently, having virtually doubled in price over the last few days. Volume looks good.

More to come?

 

[Knobby22]

that graph is only up to 2009!

 

[greggles]

that graph is only up to 2009!

That's 9 November 2017, not November 2009.

Anyway, here's an update. Since that initial spike in early November, Archer Exploration meandered sideways, eventually hitting a low of around 9c in the middle of last month. Since then it has been steadily making ground, driven by a series of positive announcements.

The most recent, released today, reported that test work performed by an independent laboratory has confirmed that manganese from Archer's Jamieson Tank project can make electrolytic manganese dioxide (EMD), a critical component used in the manufacture of cathodes for lithium ion, alkali and other types of batteries.

There is also the possibility of more good news to come:

Over 11,000m of drilling was completed by Monax and OMH at Jamieson Tank and Archer is in the process of finalising a maiden manganese Exploration Target which the Company expects to be able to release within the next few weeks.

So confidence steadily building in AXE. Will be interesting to see how it travels from here.

 

[greggles]

Well, Archer Exploration failed to follow through after its share price rise in March and April. Shortly afterwards it began a retrace all the way back to 7.5c. However, that appears to have been its low - at least for now - as it has seen good share price gains in the last few days, especially today when it gained 19.3% to finish the day at its high of 10.5c.

The catalyst for today's move was this morning's announcement that Archer has entered into a legally binding Material Transfer Agreement (MTA) with a leading German biotechnology company for the development of an electrochemical biosensor made using printable graphene components, capable of detecting diseases. The printable graphene components are derived from Archer’s Campoona graphite deposit, as part of the collaboration agreement between Archer and The University of Adelaide ARC Graphene Hub, which is focused on the development of carbon-based biosensors.

Today's bar looks particularly bullish for AXE, opening at its low and finishing at its high for the day on above average volume. There appears to be some resistance coming up at 11c-12c. I suspect it will need far more volume to get through that resistance so it may instead consolidate at 10c-11c if it can't maintain the momentum.

 

[barney]

AXE has been struggling SP wise … This info looks interesting but will need to be confirmed over the coming days/weeks ….. Definitely on the short term watchlist!

 

[greggles]

AXE up 27.3% today to 14c on good volume of 2.5 million shares. No news announced since 10 July.

Exploration at the company's Broken Hill tenements is expected to commence any day now so perhaps today's move is related to that?

Was a good day for AXE in any case with the share price currently at 12 month highs.

 

[barney]

AXE up 27.3% today to 14c on good volume of 2.5 million shares. No news announced since 10 July.

Thanks for the heads again up Greg

Definitely on the short term watchlist!

I did put AXE on my watchlist off the back of your last prompt @greggles …… but did I watch it

For the second time today …… note to self …… "try and pay more attention"