SER 6.25% 1.5¢ strategic energy resources limited

http://www.theaureport.com/pub/na/13044Investing in Graphite's...

  1. 144 Posts.
    http://www.theaureport.com/pub/na/13044

    Investing in Graphite's Growth: Kevin Puil
    TICKERS: FMS, MEGA, NGC; NGPHF, SGH, SER
    Source: Brian Sylvester of The Critical Metals Report (4/10/12)

    #
    I also like Strategic Energy Resources Ltd. (SER:ASX), a junior Australian resource company with mineral and oil and gas projects. One of its projects is the Uley graphite deposit, one of the largest graphite deposits in the world. It was a previously producing mine that was shut down in about 1993 due to weak graphite prices. It's 100% flake graphite and open pittable; in fact, it's more of an earth-moving operation than a mining operation. It has a plant on site that will probably have to be updated a little bit, but Strategic could be up and running next year. The permits are in place. It has great infrastructure. It's going to be another low-cost, high-margin operation.

    TCMR: What do you think of its deal with Mega Graphite Inc. (MEGA)?

    KP: I think it's a good deal. Strategic is going to spin off 80% of its graphite deposit to a separate, publicly traded vehicle and retain 20%. Mega will provide offtakes, marketing, engineering expertise and access to capital markets for the new entity.
 
watchlist Created with Sketch. Add SER (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
-0.001(6.25%)
Mkt cap ! $10.03M
Open High Low Value Volume
1.6¢ 1.6¢ 1.5¢ $19.76K 1.281M

Buyers (Bids)

No. Vol. Price($)
22 5119090 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 1775295 4
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
SER (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.