ELK
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0.00% 1.4¢ elk petroleum limited

Ann: Letter from CEO - Revised Grieve Development, page-2

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  1. hectobar
    1,382 Posts.
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    15/04/14
    14:03
    Post #: 13253862
    re: Ann: Letter from CEO - Revised Grieve Dev... Dear Scott,

    Thank-you for taking the time to discuss in detail the need to yet further dilute all shareholders holdings due to yet another slipped time line and the need to continue to cover running costs. Yes shareholders have been waiting for serverl years for first oil and now can wait a few more.

    The SP is at it's lowest point since beginning of 2013 so this is an excellent time indeed to raise capital. How gratifying that current shareholders are being allowed to participate in the SPP.... very generous, very generous indeed. Cash flow from ELK in 2017 and beyond.... bahhh what's 3 years besides a couple more capital raisings if need be.... jolly good, jolly good.
    ELK Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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