SER has an MC of $14m after the demerger...Half of this is ascribed to 10% of Mega.
It is reasonable to speculate that Mega will have an MC of $70m on listing.
This is half what we were expecting from the initial MID with the price tag of $70m for Uley...This makes us angry.
Compared to other OZ "Graphites" like TLG (MC $24m)..MGY ($16m)... MOX (MC $12m).
SYR is a different animal with an MC 0f $160m.
Both MGY & TLG have substantial resources which might not be too far off Uley,however they are not commanding the implied $35m market value for Tarcoola.
The MID price tag of $210m for Mega was,in hindsight,far too generous....The market is NO fool.
I am trying to convey a message that SER is not too overwhelmingly discounted compared to its peers even with the dark clouds hanging over Mega.
If Mega manages to raise $20m - $25m in cash,we should see doubling of Bambi's value within a short time frame.
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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($) | Vol. | No. |
---|---|---|
1.7¢ | 1775295 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 4919091 | 0.015 |
2 | 1700000 | 0.014 |
3 | 1116961 | 0.013 |
1 | 1000000 | 0.012 |
3 | 1136905 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1775295 | 4 |
0.018 | 500000 | 1 |
0.019 | 576943 | 6 |
0.020 | 395307 | 4 |
0.021 | 216166 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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SER (ASX) Chart |