Consensus community valuation
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CEO departing for personal reasons. Announced on a Friday after close. Shock, doom and gloom discussion on HC (key person risk) but some consider it an appropriate time to find a CEO to move from research to commercialisation. Some lead time, January departure which is less worrying.
"announces the departure of Dr Mohammad Choucair as Chief Executive Officer (“CEO”). Mohammad will step down from the CEO role in January 2025 to ensure a smooth transition and handover. Mohammad retires from the Company for personal reasons, and the Board wishes Mohammad and his family the best for the future."
“Mohammad was a co-inventor of our advanced technology projects, leading the Company on a stronger future. With the transition to a semiconductor company, Mohammad has led the biggest transformation in the Company’s history and has set Archer up for a strong future,”
“After nearly 7 years with Archer, I am proud of my contribution in transitioning the Company from a mineral explorer to a semiconductor company. The Company is in a good position, and I feel it is the right time to step down as CEO. " Dr Choucair.
After 7 months of tumble weeds, Archer appears to have made great progress with its 12CQ Chip.
Archer have stated that they will provide greater details this week. 
Link to full announcement on the ASX.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02788256-2A1513590
Coming of a low base, but happy with the 26% uplift today.
I know Mo and the team are really busy, however would love to get Mo back for another chat, if possible, @Strawman
Disc hold IRL & SM
I can't find any news on this 35% jump. with excessive volumes and some pretty big orders lined up
Third Quarter Activities Report and Appendix 4C For the three months ending 31 March 2023
Significant Activities
• The Company is well capitalised with approximately $24.4 million cash and no debt.
• 12CQ chip development advances to wafer-scale quantum electronic device fabrication using foundry-compatible UV optical and E-beam lithography
. • Hundreds of quantum electronic devices and qubit materials prepared for testing, measurement, integration, and optimisation towards qubit control and readout.
• Engagement with tier-one semiconductor companies, including TSMC, to secure future manufacturing capabilities and support technology development.
• Biochip technology milestone achieved, overcoming a conventional limitation of gFET sensing that paves the way to the selective detection of target molecules
. • The Company is actively and regularly pursuing exposure to international global semiconductor industry participants.
Don't Personally feel like $24 Million is a lot of money in this sector.
Nice to see us working with market leaders TSMC
Disc Hold IRL & SM
Second Quarter Activities Report and Appendix 4C
Archer Materials Provides Activities Report - A busy back end to last year, Can't wait to see what Mo and the team can achieve moving forward in 2023.
Significant Activities
• The Company is well capitalised with approximately $24.3 million cash and no debt
. • Significant advances made in 12CQ chip development, with some of the most powerful supercomputers in the world used to validate the 12CQ chip qubit material uniqueness
. • Major milestone achieved towards commercialisation of Archer’s biochip technology, with the development and custom-build of an operational, early stage end-to-end prototype system platform
• IP protection sought nationally and internationally for several biochip related patent applications, spanning molecular biology, wettable graphene transistors, and sensing system platforms.
• The Company is actively and regularly pursuing exposure to international global semiconductor industry participants.
Disc Hold IRL and SM.
I found this YouTube clip regarding Archer, it was shared on another platform,It's about 3 months old.
https://www.youtube.com/watch?v=NvnQj1WGcbA
Love the way Mo talks about how they see themselves as disruptors and the possible applications moving forward.
When we talk about good management, this guy seems to be the real deal for me.
Excited by the future.
Disc Hold IRL and SM.
@slymeat Also good news that the foundry is outside of China, especially with current tension.
AXE as of 14/1/22: a substantial holder of CMX = voting power of 12.75%
https://chemxmaterials.com.au/about/
We Are ChemX Materials
We are an advanced materials technology company. ChemX has developed a proven process to produce High Purity Alumina (HPA) – a critical input for battery technology.
Disc': RL & S.M
Graphene integrated with silicon electronics
Highlights
- Archer addresses a key nanotech challenge in its biochip development by successfully integrating single atom-thick graphene on a silicon wafer
- . Archer intends to use graphene as an ultrasensitive sensor for detecting and analysing diseases.
- The biochip has been developed in-house by Archer staff and Archer owns 100% of the biochip technology intellectual property.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02475306-2A1351139?access_token=83ff96335c2d45a094df02a206a39ff4
Disc: I hold
AXE Quantum Computing + ITech IPO
Fundamentals:
Market Cap: $454Mill
Fully Paid Ord. Shares $227.7Mill
Price $2.00
Cash: Operating cash flow / Total tangible assets: zero%
Total liabilities / Total tangible assets: Ok buoyant at 0.025
Net Debt / equity: -37%
Total available funding 30th June 2021: $6,239Mill
Estimated quarters of funding available : 9.9 Quarters = 6,239 / 631
Note: no Dividend paid so no Gordon Analysis here.
https://archerx.com.au/our-business
How
Location: Offices Adelaide, Sydney
The board: Dr Mohammad Choucair
Chief Executive Officer
Bio
Dr Choucair was the first person in the world to directly synthesise graphene (the thinnest material known) in gram-scale quantities as a bulk powder - now a common goal amongst researchers. Subsequently, the work was identified by the Royal Society of Chemistry as one of the biggest chemical breakthroughs of 2008, and in 2011 Dr Choucair received the coveted Cornforth Medal from the Royal Australian Chemical Institute. Dr Choucair is currently developing a nanoscale device as part of a quantum computer that could be capable of indirectly addressing problems associated to human health and the environment. He invented the carbon material that formed the basis of the device. Dr Choucair has also been actively involved in the enhancement of lithium ion battery storage devices and demonstrated some of the first examples of graphene application in batteries. In addition, Dr Choucair has synthesised a novel class of metal-decorated fullerenes ('fullerides') that were capable of reversible hydrogen storage with potential applications in hydrogen fuel cells and industrial catalysis. Dr Choucair was recognised by Virgin Australia as one of the Top Australian Stars of 2016, honouring people from diverse fields who showed excellence, dedication, ambition and community-mindedness in offering new perspectives on seemingly intractable problems. Dr Choucair is currently serving a 2-year mandate as Councillor on the World Economic Forum's Global Future Council for Advanced Materials. Dr Choucair is now involved with the Council in drafting aspects related to Advanced Materials in The Global Risks Report.
Mr Gregory David English: Executive Director,Executive Chairman (Since 2015)
Bio:
Mr English has more than 25 years of engineering and legal experience and has held roles for Australian and multinational companies. Greg is an company director and also serves on the boards of other ASX listed companies. He is a memberof the Risk Management Committee.
Other current directorships
Non-Executive Chairman,Non-Executive Director CXO Core Lithium Ltd
Gregs Current holding : 18Mill shares
WHY THIS idea?
Quantum computing represents the next generation of powerful computing. A qubit processor is the most crucial hardware component of a quantum computer.
Archer is developing a qubit processor chip, that could potentially operate at room temperature and integrate into modern electronics.
Current quantum computing technologies are limited in ownership and use because they use qubit processors that can only operate at low temperatures and/or are difficult to integrate in modern electronics.
The successful development of Archer’s 12CQ room-temperature qubit processor chip could potentially provide a breakthrough solution to the widespread use and ownership of quantum computing powered technology, owing to the unique materials properties of the 12CQ chip.
The 12CQ qubit processor chip is being built by the Archer team in Sydney, Australia, in a world-class semiconductor foundry with an ISO Class 5 Level cleanroom housing state-of-art nanofabrication instrumentation. The work is led by Archer CEO and 12CQ inventor Dr Mohammad Choucair, and Archer’s Quantum Technology Manager Dr Martin Fuechsle, the inventor of the single-atom transistor. The 12CQ chip is based on work published in the prestigious journal Nature Communications, and patent application filed in Australasia, the EU, and US.
WHY NOW?
Australia has a critical mass of expertise in quantum computing and is at the forefront of the industry. There are currently very few publicly listed companies that offer exposure to financial returns from quantum computing technology.
The quantum computing industry forms a niche but quickly growing part of the global half-a-trillion-dollar semiconductor industry, which generates the highest value in investment returns through the step-change development of technology and underlying intellectual property.
Successful commercialisation of Archer’s 12CQ qubit processor chip technology could catalyse the global quantum computing industry by servicing existing and emerging consumer markets reliant on increased computational power like artificial intelligence (AI) and blockchain technologies like digital currencies.
KEY MILESTONES WE AIM TO ACHIEVE
Our strategy is to develop a qubit processor chip that can be directly sold and the intellectual property rights to the chip technology sublicensed by:
De-risking the technology by building a room-temperature operational qubit processor chip prototype. Development involves assembling and testing chip components by applying a deep understanding of nanotechnology, materials chemistry, and quantum physics.
Establishing partnerships with highly resourced organisations in the semiconductor industry. Commercial development involves prosecuting patent applications in Australasia, Europe and the US, to provide the commercial freedom to operate in these markets.
Peers :
Best Quantum Computing Stocks To Buy [Or Sell] Now
- Nvidia Corporation (NASDAQ: NVDA)
- Amazon.com Inc. (NASDAQ: AMZN)
- Applied Materials Inc. (NASDAQ: AMAT)
- International Business Machines Corporation (NYSE: IBM)
Why Invest?
Quantum computers are continually improving and becoming more affordable to develop, and the advent of cloud computing is making quantum technology even more accessible for researchers and software developers. Computing power needs are ballooning as the digital economy expands, with spending on global cloud computing alone predicted to rise to $1 trillion annually within the next decade. Quantum computing could emerge as a key technology in the years ahead
When
2021 is likely to be a year where quantum computer system sizes and capabilities grow, and more and more offerings shift to cloud-based ‘Quantum as a Service’ delivery,” Biercuk said.
“It will place us well into industry roadmaps towards 1000 qubit machines, meaning we’ll see some very impressive hardware performance metrics being reported.
“We’ll also likely be a bit overwhelmed by continuing claims and counterclaims of performance from different manufacturers – all of that will work out in the wash as applications continue to emerge.
“There’s more than enough space in the community for multiple hardware providers, especially as system architectures and software stacks remain an active area of R&D.”.
Ref: https://stockhead.com.au/tech/heres-why-quantum-computing-in-australia-is-set-for-a-breakout-year-in-2021/
ITech IPO : For eligible holders.
https://www.itechminerals.com.au/projects-and-commodities
Declare: in the portfolios RL, SM
This article in the AFR this morning, suggests AXE could be subject to a meme-stock rally in price.
An effect that is only recently come to mainstream awareness, when a stock becomes a meme-stock, it is perhaps an opportunity for one to test their valuation, test their thesis, or test their trading style, or even evaluate their emotional response.
Do you take profits? Do you ride the up? Do you sell out and wait it out? Are you feeling panic, calmness, anticipation?
Room temperature quantum computer for the win.
The plan is to license the design/patent to manufacturers (assuming they can get it to work) - they are aiming to be a purely R&D operation that leaves others to worry about the pesky problem of manufacturing at scale.
They also have designs for graphene based bio sensors.
I have no idea on how to value the business as they have zero revenue and I really have no idea what the chances are of them pulling it off.
Disc: I hold (a very small amount). I bought early on in my investing life after a recomendation for an Uber driver (yep, I know, I know). However, I have trimmed once, and the remainder is up 15X from where I bought, so will probably just ride it out and see what happens.
AXE.
Business Summary,
Quantum Technology:
Archer is developing a qubit processor chip (CQ Chip) that can operate at room temperature and integrate into modern electronics. They have recently achieved a key progress in the development of its CQ chip related to electronic transport in a single qubit. The work represents a technical achievement because the electronic transport measurements were performed on a single qubit - only a few hundred atoms across - and at room temperature. The Company utilised over $150 million of semiconductor research and prototype foundry facilities and some of the advanced instrumentation to complete its most recent validation of the CQ chip technology. CQ chip technology of the company has been patented in Japan with patent application progress in the US and China.
11/8/21 announced: CQ quantum computing chip Chinese Patent
Financials report circa 27/9/21
Archer begins sub-10 nanometre biochip fabrication
Highlights
- Archer commences biosensor nanofabrication process to sub-10 nanometre size, the current best-in-class in the semiconductor industry†.
- The significant reduction of size in biosensor components allows for hundreds of millions of biosensing devices on a 1 cm2 biochip.
- Miniaturisation to the sub-10 nanometre regime is a key requirement for the operation and end-use of Archer’s biochip.
- Some of the most sophisticated lithography facilities and systems for prototyping semiconductor devices are being utilised by Archer staff in Sydney, Australia.
† https://www.chiefscientist.nsw.gov.au/independent-reports/australian-semiconductor-sector-study https://www.youtube.com/watch?v=MtYEmR9F8OM (Intel Unleashed: Engineering the Future)
Also did a Company Presentation 25/3/21
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02357286-2A1289106?access_token=83ff96335c2d45a094df02a206a39ff4
Disc: I hold
Archer strengthens biochip nanofabrication capabilities
https://www.asx.com.au/asxpdf/20210322/pdf/44tw244wjmf31p.pdf
Highlights:-
- Key biosensor components of Archer’s lab-on-a-chip device miniaturised to nanosize chip formats, a requirement for successful biochip development.
- Archer team grows, introducing world-class expertise and capabilities spanning nanotechnology, advanced materials, and molecular biology.
- The Company is utilising over $150 million of sophisticated chip building facilities in Australia to manufacture its graphene-based biochip technology.
- Lab-on-a-chip devices form part of the multibillion dollar deep-tech economy, catalysed by the global need for point of care medical diagnostics and testing
DISC: I hold
What a day for AXE. I was alerted to this little gem in Jan 2018 when it was .16. Oh how odd listened to the ramblings of an old man when he told me this was going to the moon. Then again, how many times I have listened and, like a fool and his money, we parted ways. To those who were along for the ride, well played and enjoy.
This is placed to be one of the standout investments of 2021 I believe.
Australian Semiconductor Sector Study
Archer Materials Limited (ASX: AXE) is pleased to inform shareholders that the Office of the NSW Chief Scientist & Engineer has published a comprehensive independent report, titled Australian Semiconductor Sector Study: Capabilities, opportunities and challenges for NSW’s meaningful participation in the global semiconductor value chain. Archer contributed to the development of the Scoping Study, together with other semiconductor sector leaders.
The Company encourages shareholders and investors to read the Scoping Study as it examines the global semiconductor market size and current and future trends, analyses NSW and Australian performance and capabilities to date, offers recommendations on what is needed for the sector’s constituents in NSW to successfully accelerate their participation in the high-value high-tech semiconductor industry, and prospective global market opportunities where Australian companies may hold a leading position, for example in Quantum Computing.
The Scoping Study identifies the largest areas of opportunity for the scaleup of companies, such as Archer, in the global semiconductor industry. These areas include enhancing domestic capability in semiconductor design, fabrication and prototyping. In particular, as it relates to the commercial translation of advanced materials and quantum computing technology.
The Scoping Study presents a positive long-term outlook for the potential of increased participation by companies such as Archer in the global semiconductor sector. Archer’s current areas of strength and strategic significance across the semiconductor value chain is reported to include securing high-impact intellectual property in global markets and chip development.
I haven't read it all yet, but I think a few of you might find it interesting. It is 48 pages...copy & paste
https://www.chiefscientist.nsw.gov.au/__data/assets/pdf_file/0005/339647/Australian-Semiconductor-Sector-Study.pdf