Fair value is between 0.8 / 0.9 but the AIM market works on hype and buying pressure that's why i feel we can go over the 1p mark. Buying pressure is already there and like you have been saying once the overhang is cleared off we will see a rally but the real movement will happen after the EGM once deal is finalized.
Disco posted this yesterday hope he dosent mind me re posting it IMVHPO, this is the summary of the deal.
Sefton EGM Deal Summary $M Notes
Cash 4.47 After SER repays BOW and other s-term debt ($3m over 3 years)
Asset Impairment Liability 1.9 Transferred to Tapia LLC (Note 13)
Debt Repayment 3.7 BOW Repaid in full
Minority Interest 1.375 20% Tapia LLC that SER retains
Total Deal Value to SER 11.445
The Total Deal Value is £6.73m without Kansas @ $1.7 = £1 MC 4.7.14 of SER is £1.22m (0.155p mid price) SP with this deal and without including the value of Kansas assets, the SER SP should be 0.855p mid price - 0.8p bid or 0.9p offer if the EGM Resolutions are approved.
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