will we see prices above 10c?, page-36

Jan 18 Mega report IPO well under way.

Unless there has been a change in plan that we have not been advice oe, we are not part of this IPO. because

SER qtr. report at 16 Jan. - Demerged shares will be swapped for listed tradeable Mega shares. IPO well under way & we are not yet demerged.

AR at 30.6.11 "..after evaluating many approaches.."

Par 9.3 of D.B. "..if SER receives a superior proposal,it is obliged to ..." Could be receiving many equally or near approaches.

The amount of the Transfer Scheme Scrip...Required to reflect the value of Uley .which value must be a minimum of CDN$70m..."

Are we talking about book value or real ie market value. Book value of a newly floated entity - is what you want to make it.