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
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $12.71M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $43.48K | 2.179M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1107606 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 499697 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1107606 | 0.019 |
2 | 700000 | 0.018 |
2 | 1294117 | 0.017 |
2 | 479041 | 0.016 |
2 | 205670 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 499697 | 4 |
0.021 | 500000 | 1 |
0.022 | 176000 | 2 |
0.023 | 942743 | 3 |
0.024 | 380000 | 2 |
Last trade - 15.59pm 11/09/2024 (20 minute delay) ? |
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