I would just like to remind everyone that the Quarry was bought to obtain the ownership of the mining leases so SEI had control over the Tungsten.
The Quarry has always made money for the previous owner, because he ran it on a "shoe string" ... so no news there, but yes a valuable contribution whilst the new "temporary CEO" does what he knows what to do .... prove up and JORC an orebody that has already been "proved up" by a competent Geologist ... Dr Andy White.
I was under the impression that Cronimet was funding the mine ... why do we need other "funders"?
Sorry to appear negative, I am not, I have been a long term holder and will remain holding and will advise other long term "holders" to hold but I am getting a very strong feeling of "déjà vu" ... change the Management Team and start doing what has been done many times over the last 15 years. I assume the new temporary CEO will do another prefeasability study, feasibility study, sampling etc etc .... which we have been assured is his "skill set"
DYOR
SEI Price at posting:
2.8¢ Sentiment: None Disclosure: Held
