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2.9¢ speciality metals international limited

Ann: Mt Carbine Quarry & MLs - Sale & Purchase Agreement Update, page-63

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12/09/18

21:57

Post #: 35561465
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Originally posted by Drill King ↑

Bin bin if you check back you will find we did have News in fact 3 days later we had an update with an open ended time frame ...but at least news.
I can understand why the Company May be taking longer,I think they are trying to broker the best possible deal,
It can be hard if you have Multiple players vying for a position. Also hard if your not wanting to go through a bank and pay upwards of 15% .
The other thing is the Company is Reluctant to Dilute to achieve this.
I have a question for all loyal holders who want to secure their investment.
1) would you be prepared to participate in a SPP ,if it was to bring this into Production.
After all the only Dilution then would be within the current share holder base.
If not supportive of a SPP or Placement ,then it’s reasonable to allow them what ever time they need to achieve a funding package that enables us to go into production.
Personally if they ask me to contribute to funding instead of financing I would if it was to ensure we went into production.

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I would hope they issue suffering shareholders bonus options exercised at. 03c and a few years till they run out.

This has been pushed down for months, I get the feeling they are close to the agreed price now.. ..

SEI Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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