Interesting price action last couple of days.
Whilst EXE says there is nothing price sensitive to release I wonder if there is some newflow coming in regards to The Gruden Group acquisition. I note TGG tie up with SmartTrans (SMA) market cap of $46 mil v EXE $19.4 mil. Considering EXE is a shell with $7mil cash the market is putting an enterprise valuation of $12mil on EXE/TGG
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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