Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-135

Note my sentiment on sei is none,Hotcopper is for investors to here both sides and make their own opinion. 1Why is Management not doing anything in Chile lately. 2 Why are the Gold projects just sitting there eating away shareholders money.3 If you invest money in SEI how do you know which project is the main focus, Gold Lithium or Tungsten,Management can't make up their mind and with limited cash it is a huge problem.4Why has the crashing tungsten price not been addressed by Management for shareholders.5 Why have an Office in Melbourne when the Mt Carbine mine needs a Team living up there,to be hands on with such a large project on the go.The 2 Gold Mines are in different parts of NSW and the Chile brines are in different areas and another Country.Remember Mitsubishi were loaning CNQ $15,000,000 when they held a lease,now they need $8,000,000 just to own the Quarry.Back then Tungsten was the only project so now SEI will need at least $15,000,000 after they buy the quarry.Even that wont be enough for the Lithium and Gold projects.Russell is in way over his head,at least Jim was planning to move his family to Nth Queensland.Cash on hand now of $150,000 is a house deposit in Melbourne but you still need income to pay of the loan. The answer to all these questions is no money and a Management team that cant chose which project to focus on. CHEERS