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Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-18

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Wooshka

81 Posts.

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24/12/18

11:21

Post #: 36950776
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Originally posted by vcr999: ↑

So they were using the $670,000 Quarry deposit to stay afloat,now they are saying the non refundable $130,000 it the new deposit.$8,000,000 still owing.That means they lost the $130,000 or did the quarry price go up to $8,130,000. Still haven't got finance for the Quarry with no money in the bank and a Capital raising coming.With the Lithium and Gold projects still needing funding and a crashing tungsten price I can see this Company is in huge trouble.They have too many projects on the go with no money and an unskilled management team lacking the skills to bring any project in to production.Very glad I sold out, more questions than answers with this announcement. CHEERS

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I'm willing to take the chance a deal with Cronimet hasn't just been announced only to let SEI fall over.

The deal with Cronimet saves SEI, or at least buys it time to strengthen.

SEI Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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