I am going overseas for about 5 weeks. Sell in May and go away?...

I am going overseas for about 5 weeks. Sell in May and go away? I think not. Things are starting to get interesting with a number of explorers in the Fraser ranges including SEG.

I have a note in my diary to expect feed back on eyes 1-8 in about 10-12 days, but we already have heard from them about the location of another 3 conductors in those eyes. Plus the spruikers notes seem to indicate that other activity will be starting on the 5 identified conductors very soon, if not already. I think mgmt don't want to sit around the smoko shed anymore than we want them to do that.

I read somewhere that in addition to the most interesting 16 eyes, there are another 14 eyes to take a look at on the SEG tenements, and that they would be starting to do that now the first phase has been completed. Might have read that in a spruikers column perhaps as I can't find it quickly in any of the SEZ Ann's. But it makes sense to do that if there is a possibility of finding/expanding the number of conductors. 5 isn't many given the size of the ground they hold. But, it only takes one!

I think they should be moving quickly now to the next phase, and start to give us some drill results.

Let's not get too negative about the CR. We knew it was coming, and my recollection of the General mtg notes is that there will be another before 31 December, as one of their hurdles was to raise $4 mil. This current CR is only for $3 mil if I remember rightly. They need the cash for exploration as only $610k in the kitty last qtly cash flow report. Keep calm, and expect the sp to remain around the CR level until the end of the CZ period! it's fairly normal. That being said, I am not taking up my offer, as I have enough of these already. My av is a little higher at .0105, but I can live with that. Thinks take time, I can hang in there.

GLTA and dYOR. I am not an adviser, just a punter.