Top member reports
Consensus community valuation
$0.225
Average Intrinsic Value
50.5%
Overvalued by
Active Member Straws
#Bull Case
Added a month ago

A friend told me about AXE back in late 2019… and like most spec stories I didn’t really listen (silly me.) Then when I saw the agreement with IBM and Share price rocketing I asked him more about it. He works in Corporate Finance and had a one on one with Mohammed. He said he probably the smartest guy he has ever met and he also seems very genuine, passionate and driven by the work in his field not by money.

Quantum Computing is something I know nothing about but this investment is more a case of playing the man not the ball. And Mohammed is the man!

They are currently doing a cap raise via SPP only, Looking after existing holders with no discounted placement to outsiders. I went back through there announcements and they have a good history of treating shareholders well, which is what you want to see when get involved with a speculative play like this.

This is a high risk play and potentially even a company that could go to zero, but if they succeed it could also be 10x the current price.

A high risk/reward Buy.

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#Progress Report
Added a month ago
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#Deal with IBM
Added 2 months ago

05-May-2020:  Quantum computing agreement with IBM

AXE were up +113.51% today (from 18.5 cps to 39.5 cps) on the back of that announcement, and it should be noted that no money has yet been paid (or offered) by either company to the other.  I used to have shares in AXE back when they were called Archer Exploration and they were trying to get a graphite mine on the Eyre Peninsula up and running.  Now they have a "focus on the development of the Group's advanced materials with a key focus on integrating graphite and graphene in three key growth areas of reliable energy, human health and quantum technology and exploring our mineral exploration projects."

Fair enough.  Their quarterly cashflow report (Appendix 5B)  for the March quarter this year showed they still had zero revenue, and were still burning through cash.  They also estimated they had enough cash to survive for 4 further quarters without another capital raising (so until March 31, 2021).  This agreement is certainly positive, and will draw a lot of interest and shine a spotlight on what AXE are trying to achieve, but it doesn't bring any money in the door, so they'll be announcing another capital raising at some point during the next 12 months, and my guess would be soonish based on their share price more than doubling today.

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#Bull Case
Added 2 months ago

Archer have developed quantum computing technology allowing chip to function in room temperature, opening possibilities for quantum computing to be utilised in mainstream computers. See ASX announcement below for IBM agreement...

 

• Archer signs an agreement with IBM to advance quantum computing and work towards solutions for the widescale adoption of the technology. • Archer is the first Australian company building a quantum computing qubit processor to join the global IBM Q Network as an ecosystem partner. • IBM staff will work directly with the Archer team who will gain access to IBM's quantum computing expertise and resources to enable a broader hardware ecosystem using IBM’s open source software framework, Qiskit. • Archer is considerably advancing the commercial readiness of its 12CQ qubit processor chip technology towards a minimum viable product. • The intellectual property rights protecting the 12CQ qubit processor chip technology are exclusively held by Archer.

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