I just briefly went over the Half Yearly Accounts released last night.
As i am a boring old sort, i read the 'notes to the accounts', and in particular, Note 1 - Going Concern.
It is in here that the company auditor clearly refers to the material cash deficiency threat, and hence the need to raise future capital over the next twelve months.
For those wondering why ELK has progressed significantly whilst the sp hasn't, therein lies a major contributing factor i would think. For those interested i think it is worth the read.
Sigh!
ELK Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
