Ok i know it's lazy to ask ,but i know there are several posters here who have done their homework on our cash position / burn. A recent announcement mentioned selling the pipeline, though this could be a cash cow if ELK could maintain it. What i am positive about, other than the obvious sp rise, is the fact that if there is a CR it will be at a far better price than expected only a few months ago, thereby minimising (relatively) dilution to holders. Also, could the change in fortunes for ELK of late - BLM approval, C02 about to be utilised, 2P reserves, increased market cap, investor interest etc - lead to a possible debt facility rather than going to the market with the cap upturned? Thoughts?
ELK Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held