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clock Created with Sketch. 27/09/18
08:15
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Originally posted by vcr999
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The end of the official quarter is in 4 days time if SEI has kept within budget they will have only $228,000 left in the bank. With running costs of an office in Melbourne ,2 Gold mines in different parts of NSW,Lithium brine tenements spread all over Chile and a Tungsten mine to buy in Nth Queensland. SEI also need to drill the Iron Duke area.In the last quarterly SEI states The Company's Geological team completed a successful field trip to Chile to assess the possibility of expanding their exploration portfolio and to interview drilling contractors not only for their availability but also their drilling technology. This does not sound like a Company focused in Tungsten if you read the last Quarterly this board is all about Lithium in Chile. This board has no idea how to get any of their projects even close to production.The Tungsten price has crashed $228,000 wont go far.A capital raising is coming very soon around 1.2 to 1.3 cents. No income coming in to pay back any loans who would lend money to this mob,it may be too late to get out without smashing the share price. A few posters here will have egg on their face soon and the poor shareholders again are the ones who suffer again. I tried to warn you about this management they fooled me for a long time. CHEERS
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Out of interest vcr999 I notice you used to be extremely bullish on SEI, why did you originally buy in and what changed to cause you to sell and begin writing these doomsday essays?
