Great news IMO. Like others said I dont think that Cronimet would have allowed this announcement with their name in it if the deal wasn't very close to being finalised. Could be a very exciting year for SEI with the aim to be in production by then end of the 1st half of 2019. Just a shame about the day it was announced on as otherwise IMO we would have held nearer the highs for the day with more volume but there was always going to be some holders who would sell this news. I must admit I was starting to get concerned that Russell wouldn't pull this off but from my 1st read it seems he has done well.
On a chart basis we broke the LT down trend line today too. Hoping this is the start of a new uptrend but in the current market who knows. Have a good xmas all.
SEI Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held