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clock Created with Sketch. 10/06/18
06:19
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Originally posted by vcr999
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Muscleman I have always been a fan of the Mt Carbine tungsten mine and its tungsten deposit.I am just not a supporter of this management team .The mine was supposed to be shovel ready for the last 4 years just waiting for a higher tungsten price.The last 8 months we have a higher tungsten price they should be mining.They could still be mining tungsten without the quarry being signed off they still have a lease.If management were fully committed to the tungsten side I would not have sold out.What many posters don't realise is Lithium is now the main focus of the board. SEI don't have the money to go ahead with 3 projects the 2 gold project should be put on hold or sold.Lithium will not make money for 3 years with millions of dollars needed.This board has no intention to make Mt Carbine the main focus which is a shame. If TGN owned MT Carbine They would be mining Tungsten with a clear goal and I the share price would be rising.All this talk of having off take partners is just talk.Mitsubishi's $15,000,000 loan and off take agreement was on every quarterly for many years until we questioned it suddenly it disappeared when there was talk of asic looking into it.Remember I was the one who tried to keep our tungsten name CNQ and was told directly by management the Lithium and Gold were the new focus.How would you feel if you bought 9,500,000 shares because you believed it was a tungsten Company only to find out they wrote off our tungsten asset at the AGM .Now that Quarry deal is done it was a huge mistake by the board and yet they want to reward themselves with performance shares which is an insult to all long term shareholders.Note Jim has not bought one share since he was forced to stand down.I am only negative towards management and they do read Hot Copper, most off my posts are a hint for management to do the right thing for share holders. CHEERS
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You always write about how you feel and how your directions were not followed by the BOD. You need to let go and realise there is a bigger picture than just what you want.
