The truth "vcr" is a bit more complicated... The investors are not happy with managements and companies/directors/ are also complaining that too many of their "investors" are just short term traders "here today & gone tomorrow"... Those were good old times when you were the leading spruiker of SEI as well as the SEI management... Reality is that most of explorers & developers in resources sector have a tough time (I have 16 of them and all !!! are struggling with CR) and the grass is not greener elsewhere (marijuana stocks excluded lately)... the company you are spruiking now has got 50% more directors and secretaries and they are paying themselves 450 % more (than SEI directors) plus millions of shares+options!!! and all they've done is sell their tungsten assets... admittedly they have cash and may bid for SEI?!...
Unfortunately we all experienced that the situation of ASX explores & developers is difficult ...as only earlier today the CEO of Regis confirmed while commenting in Perth:
“There’s a dichotomy between the big end of town and the smaller guys where the big end of town has got reasonable valuations [and] the smaller end of town is really struggling,” Mr Clark told * on the sidelines of the Precious Metals Investment Symposium in Perth this week.
“It’s hard to see companies that need to raise up to their market cap or multiples of their market cap how they’re going to move forward with the asset.
“So if that situation continues then I’m sure bigger companies will ultimately look at the smaller ones with a view to pocketing those assets at the right price.
“The developer end and the explorer end, that part of the market in Australia is almost at capitulation point.”
SEI Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held