With agreed value of Uley at $70m & Mega assets at $20m then $120m in cash needs to be raised in a float to give net assets of $210 of which SER shs have 1/3 ie $70.
The coy. wld be a cash box & wld. need to invest (saY) $6om (or repay $60m to shs, !! )
But Mega is probably not thinking of a minor $20m interest in the new company.Valuing their intangible assets is the problem & SER agrees that they are significant - or they wld. not be talking to them.
If it was agreed that the value of Mega assets brt. to the deal was $70m & Uley at $70m , the $70m needs to be raised in the float.
Being left in a private coy. if the deal fails is no problem.It wld. be controlled by the 80% who are the smaller shs.with directors holding little over 1%. We cld.raise some cash & go public or remerge with SER.
time to invest in graphite as china cuts suppl, page-32
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $6.710M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $39.37K | 3.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 926046 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1692526 | 5 |
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| Last trade - 15.21pm 08/11/2024 (20 minute delay) ? |
| SER (ASX) Chart |