Yes I agree, should one look across the ASX, there have been similar companies to SER, who have had massive share issues followed by equally massive share consolidations -wcn springs to mind.
Given that management have already flagged interest from other partys in Saxby, it shouldn't be a surprise ,if they sold half, or even all of it IMO.
The cost of this asset, from memory was three million shares.
Raider
ionic - r and d update, page-88
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $14.71M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $3.08K | 319.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 4558908 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1897465 | 6 |
View Market Depth
| Last trade - 14.20pm 15/11/2024 (20 minute delay) ? |
| SER (ASX) Chart |
