SER 4.65% 4.5¢ strategic energy resources limited

mega ipo value

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    From today's Ann:

    "The amount of the Transfer Scheme Scrip will be equal to the greater of:
    o 33% of the issued capital of MEGA Graphite; or
    o a higher percentage of the issued capital in MEGA Graphite if required to reflect the value of Uley, which value must be a minimum of CDN$70m."

    This suggests that Mega is putting a value of $140m on its other assets and a total float of $210m - far larger than both Northern & Focus.

    If that is realised there's plenty of substance to Mega - prospectus will be interesting reading.
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