AXE
Australia produces some incredible advances in technology. One of them makes it feasible to perform quantum computing at room temperature. Until this invention came along, it requires extremely cold temperature.
Perhaps I should have topped it up while it was dawdling recently! But being regretful or using retrospectology is not part of my investment strategy.
Not only does it produces its own graphene, it also owns a graphite site but yet to mine it.
The CEO is Lebanese. With a name like Mohammed Choucair, you know he must be brilliant and he holds a PhD. His fellow researcher in the company earned merits and PhD too for his work in the same field.
After a long investment, today our investment in this stock has gone up by nearly 6X.
posted by Club Mulgoa @ 10:37 PM
1 Comments:
"Electronic transport in a single qubit"
I have no idea what the significance is but the share price went up by 50% yesterday. We have been invested in this stock since 2011. It was just a graphite miner, with ambition to build its own graphene using the graphite mined.
However, about 4-5 years ago, it decided to enter quantum technology with Dr Mohameed Choucair and another PhD graduate. They teamed up to make it feasible to perform quantum computing at room temperature. Strange that Australia could be at the leading edge of this development. Once IBM came onboard, or rather AXE was invited to be under the umbrella of IBM, the share price took off 2 years ago. However, it had been on a plateau until yesterday...
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