Looking at AXE shows at least that there are people in ASX with money who are starting to see the value of graphite and willing to put money on it.
It seems the comparison is AXE,a company with lots of potential with little proven and open to lots of over enthusiasm.
SER a company where things have been proven and in the development cycle way ahead of AXE.
The market seems to think that per share, the deal with Mega and it's implications including potential dilution is worth less than half per share of MAYBE something very profitable sometime way in the future.
SER could have done a little more in negotiating to reduce dilution risks AND articulated this. Lets hope that there's plenty more money to be invested into TSX graphite stocks.
If Mega set up a processing plant AXE might need those services to add value to their graphite
Looking at AXE shows at least that there are people in ASX with...
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Last
1.2¢ |
Change
0.002(20.0%) |
Mkt cap ! $8.052M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $51.14K | 4.595M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1882400 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2990001 | 5 |
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| Last trade - 15.56pm 01/11/2024 (20 minute delay) ? |
| SER (ASX) Chart |