SER
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0.00% 2.1¢ strategic energy resources limited

The only way this will now proceed is either an extension to the...

  1. ausheds
    19,587 Posts.
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    13/09/11
    16:41
    Post #: 8954053
    The only way this will now proceed is either an extension to the deadline or the "merged entity" route. No way an IPO is going to happen in 6 weeks, particularly given the current environment.

    The key to this deal is Mega proving up $140m of value in addition to the $70m for Uley, a big ask on what we have seen to date.

    I've just got back in the country and plan to ring SER tomorrow. They owe us an update at this stage.

    Anyone else thinking of going to the London conference in December?

    SER Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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