Ann: Mt Carbine Quarry & MLs - Sale & Purchase Agreement Update, page-23

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02/09/18

21:08

Post #: 35360645
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Originally posted by Tazaus ↑

I take comfort in the negatives and that they form a necessity of action to take place.

1. There is only $600K in the bank and burning fast.
a) this means SEI, has a deadline of necessity on its head to get this deal done. It's not a matter of stating a date anymore but rather achieving a tangible result before cash runs out.

Running to the ASX to flag blah blah, ain't going to do sheet in this climate. Focus on the reality and not bullshit rules and what ifs. Think back to necessity and scarcity.

The reality and result is either finance gets secured for the deal or it doesn't! If it doesn't we move to CR territory.

The fact that there is only $600K in the bank, should give us comfort that they have to ACT! It is not an option to delay anymore and this deal becomes one of necessity to be done.

b) In the situation that he isn't able to secure funding for the project, a CR will be required. If a CR is done, then funding will be directed towards the lithium projects i suspect (and i suspect a lithium wave is emerging again), which would end up pushing up the SP of the company.

We do not have the luxury of choice anymore we are the point of either one of two events will transpire. Financing for the deal and we move ahead or a CR.

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They seem to be running a tight ship here. Most cases like this, a director usually issues a $500k connote at 10% higher than the monthly vwap or on equal terms to the next raising ... No worries imo

SEI Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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Ann: Mt Carbine Quarry & MLs - Sale & Purchase Agreement Update, page-23

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