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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2.0¢ |
Change
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Mkt cap ! $13.38M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $25.22K | 1.220M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 1875102 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.1¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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6 | 1875102 | 0.020 |
7 | 1172788 | 0.019 |
3 | 1700000 | 0.018 |
2 | 1294117 | 0.017 |
2 | 479041 | 0.016 |
Price($) | Vol. | No. |
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0.021 | 150000 | 1 |
0.022 | 176000 | 2 |
0.023 | 942743 | 3 |
0.024 | 524000 | 4 |
0.025 | 1466984 | 5 |
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