Well it would appear that our reading of the actual Elk announcements and the missing ones supported the blooper of a disclosure on the Grieve production. Without a timely solving of the production issues on Grieve, equity could well be worth zero before Aneth could possibly make up for the shortfall and the debt refinancing somewhere in the middle is not going to go well without solving the same in a very timely fashion. Given them 90 days to come up with a solution or this one is going to be a slippery slope
It will be interesting how the paid Elk bloggers spin this revelation. I assume we will just hear more of the Aneth potential.
ELK Price at posting:
7.8¢ Sentiment: Sell Disclosure: Not Held
