Ann: Mt Carbine Quarry & MLs - Sale & Purchase Agreement Update, page-76

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speedyl

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14/09/18

19:55

Post #: 35614091
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Originally posted by Drill King ↑

Hi Speedy Yes I have spoken to Russell at length, and I would urge anyone who wants a piece of this Company mid term to long term to also Ring him, none of the information he gives is price sensitive ,he appears to be straight down the line.
I did question him on the open time line, his explanation was quite good ,firstly to put a time on it is to have a gun held at your head and it can create expectations that may not go as planned it also puts them in a corner when negotiating if the other party knows they have a dead line to meet.
He did say they have a few alternatives with the least attractive being any dilution, which he is trying to avoid.
He also does not want a financer who is controlling the supply chain as this is to restrictive.
So it’s better to seperate the finance and the off takes / sale Contracts.
He is disappointed in the SP his words ......Yes it is not good to see the SP at these levels delays can cause this to happen especially when you do not meet time lines, this SP really does not reflect the true Value of our Company and this will change with sentiment.........I will not say openly what his expectations on SP is with a deal Done.
But I would urge others to ask him this question as well, they will be very surprised in the answer. GLTAH.

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Thanks @Drill King I had a similar conversation with Russ about a month ago and agree totally with the way he is progressing this. If it takes more time to get a better deal then no issues from me.

SEI Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Ann: Mt Carbine Quarry & MLs - Sale & Purchase Agreement Update, page-76

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