Another VCR....on the block....lol.....
...........Lets clear the air..........Their has been minimal dilution since the placement.............the underwriter took up 40million.........Cronemet took up 120million........the top 20 took up another 50%.......the mums and dads outside the top 20 only accounted for 19% of the total dilution.
Hilux and Rymal are also connected with the current large buyer out of Singapore......he is currently sitting in the top 8.......He will continue to buy, as he and his associates did with GWR and TGN..........If they bought 80% of TGN because of their Tungsten deposit at 3 to 4 cents and did not sell any all the way up to 85 cents.......I doubt they will be selling any SEI anytime soon.........They bought into TGN because they believed at the time, it was short term to mining Watershed and Mt Mulgine.........
They now realise SEI will be first cab of the ranks by 4 to 5 years.
Also, having SEI now classified as a strategic asset by our Prime Minister will attract international attention and some great tax incentives......I would soon expect to hear the QLD Gov spruking it, near production.....
I think people may soon regret buying these pips.......once it hits 10 cents.......those pips become points 10 to 10.5....11......11.5...12 and so forth....also commencement of production will attract instos and will also re-rate this stock from explorer to producer.........the hype around being the only producer and classified as a national and international strategic metal will get attention from all over...
