Windfall profit from graphite hopeful

Updated December 12 2017 - 6:53am, first published 4:00am
Punter says Archer Exploration has ambitions to become a vertically integrated producer and manufacturer of graphene.
Punter says Archer Exploration has ambitions to become a vertically integrated producer and manufacturer of graphene.

The share offer by Archer Exploration (ASX code AXE) was heavily oversubscribed but the directors decided to accept more money than they originally said they would. They received applications totalling nearly $6.5 million, but have upped their limit from $2.25m to $3m. As a result, the scale-back was not as severe as it might have been. 

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