SEI 0.00% 2.9¢ speciality metals international limited

Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-32

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  1. 899 Posts.
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    Expendable gives share holders a good balanced view,Listening and judging negative posts here saved me a lot of money by doing my own research.This deal with Cronimet is only in the advanced stages and not a done deal with many details still not disclosed.An average Management team would have finalised the Quarry finance first with a joint announcement of both deals.There is no value in restarting the tailings program it is a waste of time and money the grades are way too low.No decent Management team would go backwards restarting a failed tailings project when they own the mine this time around and can mine with the better grade Tungsten grades.The details in this Announcement doesn't give an investor any confidence or certainty in the project going ahead. SEI really needs to raise at least $20,000,000 with buying the Quarry and keeping the Lithium and Gold project going .Not even a mention by Management of the Downward Tungsten price and a crash in all Lithium stocks this is very important when raising money. The Cap raising always brings back the share price ,why wont Management offer loyal shareholders a chance to buy discounted shares after rewarding themselves with over 20,000,000 of cheap options or bonus shares.You can knock me as much as you like, but if I save just one person his hard earned money the criticism I can take. HAPPY CHRISTMAS TO ALL good luck with all your investments. CHEERS
 
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