ELK
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0.00% 1.4¢ elk petroleum limited

At least we now no, page-4

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  1. Value_Hunter
    3,607 Posts.
    lightbulb Created with Sketch. 80
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    23/01/19
    15:48
    Post #: 37201285
    pretty piss-poor compliance (obligations) imho ......

    going forward:

    1. no self-respecting punter will put any $$$$ into this while the preffs are outstanding ......
    2. this implies US$65m, @ 80% of vwap (basically 100% inc in share capital) .......
    3. they will then need circa 30-40m in new $$$ to pay grieve facility ......
    4. it will then be possible to refi .........

    there will then be some potential for "uplift" ........

    in the meantime ......ugly .....

    rgds
    V_H
    ELK Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply
 

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