Ann: Mt Carbine Quarry & MLs - Sale & Purchase Agreement Update, page-88

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17/09/18

12:44

Post #: 35645180
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Originally posted by Drill King ↑

Hi vcr999.....TGN you have referenced as Controlling Australia’s Tungsten, could you please tell me how near term to production they are.
They have the following Tenements,,,MT Mulgine.....Big Hill....Kilda....Koolyanabbing .......Callie Soak,
Still under exploration and will continue for some time yet.
My Carbine is near term, and to be honest TGNs SP is over valued as the market is finding out ,they have dropped from 81 cents to under 50 cents ,
Tungsten Prices have risen over the past 12 mths and mid to long term expectations are it will continue to rise.
I do not get blindsided by CEOs and their expectations , I have also spoken with the current owner Geoff ...........
And he has no concerns with the length of time it has or could take for SEI to do the deal.
The Multiple offers ,you claim are pipe dreams.....this is one I can confirm as no Pipe dream....a top 20 holder in this Company offered 8 ml .....whilst it will be considered it is 3rd in line.
I’m not a paid presenter of SEI ,I have invested in this Company after doing plenty of research .

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Hi @Drill King
In this post you say you have spoken with the current owner too. Just curious, if the mine is as good as they say (and I'm not doubting here) then why does the current owner want to sell? Did he give a reason?

Thanks

SEI Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Ann: Mt Carbine Quarry & MLs - Sale & Purchase Agreement Update, page-88

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