At 1.8c we currently have a market cap of $9.23M. Add the 181,818,190 cap raise shares (which will be shortly also valued at 1.8c +/- when the placement completes) - that gives SER a market cap of about $12.5M.
I think 1.8c is still cheap as chips given the drilling planned this year. Yes, there is no guaranteed discovery but it's not hard to see a Disallowed from here on any decent hits. Huge upside potential on this one.
Ann: Investor Presentation, page-19
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $9.567M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $36.32K | 2.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1587966 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 95000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| SER (ASX) Chart |