SEI 0.00% 2.9¢ speciality metals international limited

Ann: Proposed Purchase Update - Mt Carbine Quarry & MLs, page-15

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 899 Posts.
    lightbulb Created with Sketch. 42
    On the 20/12 17 SEI announces 'A Binding Heads of Agreement is in place to buy the Quarry', to be finalised by mid march which is now. Today SEI announces under that ' Proposed Purchase Update' that negotiations are progressing well no mention of A Binding heads of Agreement sale. How can this be good news is is a huge backward step SEI are now using the words PROPOSED purchase date and NEGOTIATIONS are continuing. Before it was a Done deal with just the signing off to do.Since the Binding Heads of Agreement SEI have completed a capital raising so they are in a better position to get the deal done.Management Continue to stuff up deals concerning the Tungsten part of the business.While all the Lithium and Gold spending continues throw in 15 extra Lithium concessions and the half yearly report as a distraction.The half yearly report also confirms they still can't even find a new CEO while all the most important decisions are being made.Hype can only hold the share price up for so long, it looks like history is repeating itself with failed promises from management.The Quarry deal is now not Binding Heads of Agreement it is now A Proposed Purchase still under Negotiation. CHEERS
 
watchlist Created with Sketch. Add SEI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.