Club Mulgoa

Tuesday, May 12, 2020

AXE

Over the year, it appointed two doctorate holders (in quantum computing/technology) to the upper echelon of the company.  Where it once was an explorer, it now wants to focus also on high tech uses of its graphite.

When Dr Mohammad Choucair became the new CEO last year, nothing much happened but I suspected that he must be brilliant to anointed into that position.  Last week, when it was announced that IBM is in collaboration with it, the share price rocketed up.  When it dipped the next day, I took the opportunity to top up.  Today with another good announcement, when I was expecting the share price to drift further downwards (before the announcement), another rocket was put under the share price!

In Nov 2019, I wasn't expecting a full allocation from my full application during its SPP.  It was 13c a share... and today it is 49c, in just 6 months!

1 Comments:

Blogger Club Mulgoa said...

First decent article on AXE...

Only the minor websites report on this kind of small companies.

https://stockhead.com.au/tech/quantum-technology-could-be-the-key-to-australias-future-prosperity/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter%20Monday%20May%2025&utm_content=Stockhead%20Morning%20Newsletter%20Monday%20May%2025+CID_07cb6b4f8cbb1001260f11e3882b8d09&utm_source=Campaign%20Monitor&utm_term=Quantum%20technology%20could%20be%20the%20key%20to%20Australias%20future%20prosperity

4:19 PM  

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