SER grossly overhyped, page-18

mrdin
I will take a punt on your request for someone to take a punt on where SER sp will be when ex -entitlement to Ionic.

Basis for SER sp (ex Ionic) seems to be three things:
1. VXL holding and royalty (good prospects IMO but subdued since VXL raising)
2. SER minerals business opportunity (quiet recently)
3. Ionic holding (20%?)

Without trying at this stage to assign real value to these elements (which I should do), let me just make a market comment that I think that most of the sp rise in last 12 months has been due to Ionic possibility. So all of that will go out of SER sp tomorrow (except for residual 20% stake in Ionic).
I am expecting SER back to 3 to 4c range
….not saying that it is not worth more…just giving my market expectation.
DYOR
keen to hear from others!