SER 11.1% 1.0¢ strategic energy resources limited

Ionic Capital Raise, page-8

  1. 6,083 Posts.
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    Agree captain, no way will SER buy any more Ionic, they simply can't afford to do so. Similarly SER did not take up the VXL share offer - wisely as it turns out. Ionic's cap raising is very likely to fail in my opinion, personally I can't see why anyone would buy into it. There is not a single marketable product, with zero prospect of a sustainable income. The cap raising is a desperate gamble in my view.
 
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