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
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $14.71M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $50.90K | 2.428M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 863907 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1146521 | 4 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SER (ASX) Chart |