The sp rose 22% yesterday and with the sell side quite thin, IMO we should see some further positive action today.
MEGA have valued ULEY for the purposes of the deal at
$70 million (CDN) so about 20 cents per share. I would think their IPO would look really attractive to investors if SER's sp was in excess of 20c. In addition to a world class resource they could go into their IPO with a mine in production and a cash flow. This would only take an interim agreement done "contemperaneous" with the MEGA deal. Time will tell. I think soon we will see a new batch of investors as long term production and profitability begins to be understood.
Just all IMO and have a great day folks.
flatchat
up 22pcnt yesterday more to come
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $6.710M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $39.37K | 3.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 926046 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1692526 | 5 |
View Market Depth
| Last trade - 15.21pm 08/11/2024 (20 minute delay) ? |
| SER (ASX) Chart |