SER 0.00% 8.0¢ strategic energy resources limited

Ann: March 2020 Quarterly Activities & Cashflow Reports, page-44

  1. 842 Posts.
    lightbulb Created with Sketch. 24

    While 2020 has been a difficult year so far, we are in a sound position and well-prepared to make significant advances as soon as we are able to get back to some semblance of normal.

    May 2020 Operations Update

    Dear Ionic shareholders and friends,

    The COVID-19 crisis has of course posed a number of challenges for us. Nevertheless, we’ve been getting by reasonably well and made some progress in a few areas.

    We have been able to shore up our financial position in several ways:

    • We’ve received some further investment from existing shareholders;
    • We have been able to negotiate with Monash to defer some payments;
    • All of our people (Directors, employees and contractors) have all been taking higher proportions of their pay in shares;
    • We have leveraged our R&D expenditure to borrow in the form of a loan from Radium finance; and
    • As previously announced, we were awarded a grant from the Advanced Manufacturing Growth Centre and we have now received those funds.

    Monash University has been closed down so we have not had access to the labs for some time now, however we have made significant progress in the planning the next phases of our super-capacitor program – scaling up production of our electrode materials is a large piece of work that will see us ahead of the curve once we are ready to begin scale up production. We have also progressed on the preparation of scientific data for use in patent applications and peer-reviewed articles, which will demonstrate further value in Ionic's work.

    We have remained in good contact with our various commercialization partners, who are all still engaged and supportive even while dealing with their own COVID-related challenges. We have also begun to explore several other collaboration options in an effort to de-risk our collaborative arrangements in light of global geopolitical issues.

    So, while the situation has been far from ideal, we are in a sound position and well-prepared to make significant advances as soon as we are able to get back to some semblance of normal.

    All the best and stay safe,

    The Ionic Team

    Hi raider up and tin and other shareholders that are not in denial about the position and north direction ionic industries are going steady as she goes regards alanpro ...
    ionic is very much alive and advancing in the background
watchlist Created with Sketch. Add SER (ASX) to my watchlist
(20min delay)
Mkt cap ! $12.8M
Open High Low Value Volume
8.0¢ 8.5¢ 7.7¢ $100.7K 1.251M

Buyers (Bids)

No. Vol. Price($)
1 50000 7.9¢

Sellers (Offers)

Price($) Vol. No.
8.0¢ 8327 1
View Market Depth
Last trade - 16.10pm 18/09/2020 (20 minute delay) ?
0.000 ( 5.75 %)
Open High Low Volume
8.2¢ 8.2¢ 8.2¢ 33334
Last updated 10.47am 18/09/2020 (live) ?
SER (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.