Has it occurred to anyone that selling 51% of Uley for $32m may...

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.