Ann: Termination of Elk Petroleum Merger, page-12

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  1. 7,495 Posts.
    lightbulb Created with Sketch. 74
    It's better of for MEL without this merger and liability..
    It seems like management has lost of direction.

    They go around and around burning cash for very little gain. They better off focussing on the existing assets.

    How much cash they have got left ?
 
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