SEI 0.00% 2.9¢ speciality metals international limited

Ann: Full Year Statutory Accounts, page-19

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  1. 899 Posts.
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    Plext still talking about multi baggers SEI has no money 2 gold mine leases costing them money.Lithium tenements in Chile that need a lot of money spent on them.A 10% deposit paid for MT.Carbine but no money to finish the deal.I bet the quarry owner is not doing any maintenance on equipment hoping he can offload his Quarry soon.Even a capital raising will do nothing now at these levels apart from pay the board.I did warn WLF share holders they could lose it all by doubling down and they did. SEI need their quarry deposit back and a clear focus on its future.The share price is about right as SEI don't own any of their assets.This CNQ and now SEI story has gone from bad to worse, very hard to exit now if you hold a decent amount of shares a very sad scenario .Please stop talking multiply baggers and I will stop posting here.Russell did promise at the AGM to keep share holders more informed from now on.Russell will lose all the performance bonus shares if the quarry deal is scrapped for someone who never paid for a share over many years.If the share price drops back to .oo7 cents and the quarry deal is done Russell and the board receive all their millions of shares for free does this seem fair for share holders.Only traders will make money buying and selling on the .001 cent splits this management will never bring any project to production.Why even rent an office in Melbourne, let SEI's one full time employee work from home. CHEERS
 
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