Sealing an Old Pair of Goodmans LS3/5A's

Hi all.

I have a pair of Goodmans LS3/5A's which were not properly sealed around the terminal posts. Upon opening the speakers up to investigate I found a clump of hardened black goo covering the holes where the speaker terminal cables pass through. I suppose this was rubber which deteriorated and hardened---the substance was brittle but not brittle enough that it was easy to crack and tear away.

I've managed to remove the deposits from both cabinets but now I have a dilemma: how do I go about resealing these units? Clearly the original rubber seal wasn't a good choice: those two holes I'm trying to seal are aprox 10mm in diameter and are just there to allow the speaker cables though (these use the old screw type connectors (photo attached).

The first thing that came to my mind was silicone like that used to seal a bathtub but I really have no idea if that is appropriate or if it will breakdown the same way the original rubber did after a couple of decades.

All advice appreciated. Many thanks.

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