Originally posted by vcr999
Hi plext,why keep talking on 5 x baggers all long term share holders have lost multiple baggers in reverse.Cash is down to last $200,000 and falling fast,Management will take any money they can get and keep milking the share holders. SEI has done well to hold at 1.5 cents they better capital raise at 1.2 too 1.3 cents while they can.You only need I decent sell trade and the price will crash.Note I will only post here when posters keep misleading people talking about multiple baggers .How is the Gold and Lithium alone a 5 bagger very misleading or are you trying to get out. CHEERS
Firstly i don't know where or how you calculated $200K. I think you're mistaken.
If the deal doesn't go ahead a large part of the deposit is refundable, only about $130K of the $800k isn't.
I don't know if they will be able to find enough interest for a CR at 1.3 cents. New buyers will want to know what is happening with projects moving forward.
At $8M MCap though , guess what. We are a bloody attractive for someone to buy us out or majority stake, that is cashed up to get this project going!!!!