I bought into the SEG story around 3 years ago and sold out on...

I bought into the SEG story around 3 years ago and sold out on the last spike for around a 40% loss. Since then I've kept my eye on them just in case. At these prices a small spike could reap tremendous gains.

Why I'm not buying yet ...

Around August last year SEG managed a capitol raise - forget if it was from the market or under the 10% rule - and they announced they were fully funded until the end of this financial year. They informed us they had a little over 650 gs in the bank. By my calculations this meant they had enough money for the upkeep of tenements, pay the staff, office rent and SM's rediculously high wage. Unless something astonishing happens, I would fully expect another CR in the not to distant future. And at the current SP, without a consolidation, this will add an immense amount of shares to the register - just for SM's wages alone.

I will keep an eye on SEG but until I see them actually start doing something, I'm in no hurry.

GLTA you guys and hope it does turn around soon. Oh, and yes, I believe that miracles can happen.

Rhama