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muscleman

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17/05/18

20:52

Post #: 33174886
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Originally posted by vcr999 ↑

Hi Muscelman LPI has one of the best and highest graded Lithium brine deposits in the world 99.9% it is a long and costly project but the rewards will be great.If you followed LPI's time line and already $30,000,000 spent on the project which is also in Chile. SEI should save their money in Chile and focus on tungsten where 2 years ago CNQ were miles in front of TGN. If SEI had TGN's management and focus for the last two years I would have doubled my holding instead of selling. If you read SEI's announcements you can clearly see the board's number one focus is over in Chile and not Tungsten.There is not enough money even for one project,now add the secret cost of the quarry when the Quarry owner gets his 10% where is the rest coming from. SEI are gambling focusing 60% Lithium, 30% Tungsten and 10% on Gold and the Quarry.If there is any downturn in the Tungsten price within the next 3 years investors will lose big time.I am a fan of the Tungsten asset but not the management.My prediction is no Lithium Gold or Tungsten will be produced at a profit over the next 2 years by this management.The share price will drift lower around 1 cent,the Lithium project will be lost.New owners will take over the poorly run World Class Tungsten project which I will buy back in when all seams lost. CHEERS

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I hope you do well with your investing. You don't seem confident investing in specs. Maybe look at bank stocks, happy to help you.

SEI Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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Next Capital Raising Coming, page-10

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