Why would SER have a report written up about there company and give it a valuation

Teton have made an offer but was turned down according to the AGM

Read notes here, a short snippet taken from someone who went to the AGM read the last Paragraph

English Bigblls - 8 May'06 - 19:01 - 3 of 15471

Notes from the AGM
------------------------------

Production:
- All wells back online, current production about 180bpd
- surface equipment upgraded by adding more tanks which cost $40,000 each. They now have the capacity for a lot more production (no exact rates given)
- next step is to link up a pipeline to Tapia which will cost around $400,000 but should remove the need for any more surface tanks and allow much higher increases in production

Current trading:
- Profitable and cash-flow positive
- Weren't intending to issue a trading statement before the interims but after several people asked for one it looks like they may be going to do one.
- Interims will be out end of September / early October

Funding:
- Looking at debt financing first, banks are coming to them, someone offered them $10M a while ago but consider that too much at this time.
- Possibly going to get a JV partner later whereby an other company (maybe Teton, or other similar co's) will take a % of Tapia for X million and pay their way.
- Don't expect any institutions to buy in until the interims

- Karl Arleth had to leave because his company (Teton) made an offer for the company but they turned him down.

Now read this report, it has not been published as yet, Why??? has the company asked to have it valued for sales purposes... does sound that way to me, also there has been a lot of activity in the shares of late, before it was a dead dog.. stinks of a take over

http://www.hardmanandco.com/Research/Sefton_June_2006.pdf

on the move

I think the overhang as all but gone, maybe that is why they are having the consolidation now.

yes and few more other reasons

jesus pot head, give it a rest mate, its all coming up very nicely, should start to gather momentum now

Despite my kindly advice to spud, looks like we (he) is still getting carried away. Get a grip for gawd's sake!!

First suggestion is let's stick to one thread, this one will do as the information in the header is the most recent. One suggestion though Evil One, please paste a chart or two into the header.

Second suggestion is stop ramping the arse out of SER, it will live or die on its own merits.

Having been out all day, just having a look at the trades. Some chunky buys still going through, which must be applying considerable pressure to the SP. I do believe we are at the start of something of a run, but a RNS is required to confirm someone is buying up the stock. Certainly the on line limits do suggest that filling any sizeable PI order is difficult. I would expect (hope :-)) continuing rises for the remainder of the week. Fingers crossed.

pth

was the spud not crazy on mrp 1 by ;yesteryear

and its still rising... this is a pheonix

strong buy

Bid / Offer prices all over the place this morning.
Hoods primarily on the Offer
Wins just dropped off the Bid having secured a 200k sell at 0.60p, hence the recent mark down (1249) to be replaced by SEYP. Ceratinly no great uregency being displayed by any of the MMS to either obtain or dispose of stock.
Seems to be a bit of a waiting game now.

pth

Reasonable volume for the day. Nothing to be read into MM activity with the exception that WINS were mainly responsible for the movement of the Bid / Offer, doing what they are supposed to do, make a market and money.

pth

seriously up move tomorrow

yes today must be the day

Can't see any real reason for the rise this morning except that SCAP have joined WINS on the Bid. Both looking for stock obviously, when they get some and it looks as if they are, wouldn't be surprised to see a tick down.

Can't quite work out why today is so important, but WFDIK?

pth

There we go WINS off the BID, HOODs are not shifting stock at 0.68 so they've dropped the Offer. Both at the same time, spooky that!

pth

wait for this afternoon, I reckon we will see a major lift

I waitded for this afternoon and can't beleive is fallen 14% WHY???
is the consolidation from close of today?

What a sell off? What's happening here?

It will be interesting to see what the sp is Monday following 15:1 consolidation...

Far too much expectation due to the forthcoming consolidation of some magical rise in the SP. What nonsense!! Wasn't in on Friday afternoon so unable to watch MM activity on Level 2, but I certainly didn't see anything last week to indicate SER is about to take off. Also expect a further fall following consolidation, although not sure by how much. Time to sit back and relax, or sell if patience is not in your character.

pth