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4.8¢ eq resources limited

Thanks for "keeping it real" VCR, there is no deal until the...

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24/12/18

22:01

Post #: 36955119
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Originally posted by vcr999: ↑

So they were using the $670,000 Quarry deposit to stay afloat,now they are saying the non refundable $130,000 it the new deposit.$8,000,000 still owing.That means they lost the $130,000 or did the quarry price go up to $8,130,000. Still haven't got finance for the Quarry with no money in the bank and a Capital raising coming.With the Lithium and Gold projects still needing funding and a crashing tungsten price I can see this Company is in huge trouble.They have too many projects on the go with no money and an unskilled management team lacking the skills to bring any project in to production.Very glad I sold out, more questions than answers with this announcement. CHEERS

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Thanks for "keeping it real" VCR, there is no deal until the german Company is happy with their test results and this has to be completed by the end of February or SEI looses the mining leases.

Thats how I read it, I maybe wrong but thats how I understand the release today, and it looks as though VCR was correct, the $650,000 was given back to SEI.

DYOR

SEI Price at posting: 1.4¢ Sentiment: None Disclosure: Held
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