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muscleman

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15/05/18

10:46

Post #: 33098338
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Originally posted by vcr999 ↑

With SEI main focus still in Chile now having 25 Exploration Concessions which covers 60KM square.These concessions have a time limit to develop or they are lost. SEI have missed the Lithium bubble where you could just drill a hole and good results would see a huge spike in the share price.There is a lot involved in Lithium brine development with no returns for over 3 years. SEI don't even have money to build the evaporation ponds. SEI also have 2 Gold Assets in NSW which are being drilled while paying leasing costs now extended for 3 more years.At the last AGM when the Quarry appeared out of reach The Iron Duke area was showing better tungsten grades and was out side of the quarry area. This was going to take an extra 3 years to get into production be acquiring permits.Two years ago at the AGM Jim was concerned about taking over the quarry owners environmental responsibilities as it would be very costly,This will now be at SEI's responsibility as they will not get away with the short cuts that the quarry owner was able to get away with. I agree with Expendable's comments. The Tungsten should be mined as soon as possible while the tungsten price is high,no need to keep drilling we know Tungsten is there. I only sold all my 9,000,000 shares because management did not share my view that Tungsten should be the main focus and even today Lithium is the number one focus .SEI needs to find a New CEO that will focus on the Tungsten side of the business. There are many better Lithium brine and Gold Company's on the ASX to invest your money. SEI should stick to their World Class Tungsten Asset before they waste all their money on wasted projects that will never return any money. CHEERS

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Yeah, LPI SP dropping, maybe SEI will hold

SEI Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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