Has it occurred to anyone that selling 51% of Uley for $32m may not be the best way to increase mkt cap/shareholder value?
While it was a good deal/only deal just a few weeks ago the graphite investment landscape is changing at a rapid pace. Focus Metals seems very apptly named, although Focus Graphite might have been better.
This proposed US co. deal reminds me a bit of the Lynas/Chinese TO that fortunately got blocked.
To self fund the Uley development, and retain 100% of Uley, SER would need to raise 0.11 per share.
Where would the SP have to be to get that away??
As flatchat pointed out the Focus mkt cap is now $81M v SER $51m for a broadly similar resource.
Theoretically SER could raise the $30m required without diluting current SP value.
At the least they should be able to negotiate a far more attractive deal from this unnamed US co.
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Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $10.70M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $39.88K | 2.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1672666 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 64117 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 1672666 | 0.015 |
4 | 1914285 | 0.014 |
3 | 116971 | 0.013 |
2 | 1041920 | 0.012 |
2 | 136905 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 64117 | 1 |
0.017 | 312500 | 1 |
0.019 | 263202 | 4 |
0.020 | 395307 | 4 |
0.021 | 819821 | 4 |
Last trade - 15.23pm 05/08/2024 (20 minute delay) ? |
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