investor presentation, page-6

I disagree, if the Directors were fair dinkum they would put ELK on skeleton staff and wait for Grieve to come on line which won't at this stage be until 2015.

I would keep the pipeline infrastructure which will be far more valuable in a couple of years time.

We would be 30 cents plus now if they were gutsy enough to make that decision.

When Grieve is producing revenue then ELK can look at other acquisitions.

At the moment all we are doing is diluting existing shareholders to justify paying over the top salaries for dubious new opportunities.