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AXE - Archer Materials

Discussion in 'Stocks 0-H' started by shinobi346, Jul 22, 2007.

  1. Chasero

    Chasero

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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.
     
  2. pixel

    pixel DIY Trader

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    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 :2twocents

    AXE n 07-06-12.gif

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

    kamekaz

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    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
     
  4. burglar

    burglar

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    Hi kamekaz,

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

    Cheers,
     
  5. chakvetadze

    chakvetadze

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

    Chasero

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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.
     
  7. pixel

    pixel DIY Trader

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    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.

    AXE n 22-06-12.gif

    I reckon it's worth a punt.
     
  8. Chasero

    Chasero

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    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.
     
  9. burglar

    burglar

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    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.
     
  10. chakvetadze

    chakvetadze

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    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."
     
  11. mrlister

    mrlister

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

    chakvetadze

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    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.
     
  13. burglar

    burglar

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  14. burglar

    burglar

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    It's official:

    Medium Flake grading 95% TGC

    Fine Flake grading 96% TGC

    Quod Erat Demonstratum ;)
     
  15. springhill

    springhill Make the drill work for YOU

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    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.
     
  16. burglar

    burglar

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

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

    Attached Files:

  17. pixel

    pixel DIY Trader

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    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.
     
  18. burglar

    burglar

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

    I hope to catch this one before it takes flight.
     
  19. springhill

    springhill Make the drill work for YOU

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    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
     
  20. mr. jeff

    mr. jeff

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