If they could produce oil as fast as they can produce Appendix 3Bs then we would be ok.
They seem to have issued a total of (10.93+2.63+16.6)=30.16 million shares under the headings of Tranche 1 and Tranche 2. In the AGM resolutions Healy's lot was under Tranche 3 so i'm not sure what they are doing.
Still no news on the Ash Creek core well. After hurrying to raise capital it would be nice if they could actually get this done (in a hurry too).
They promised regular updates on Grieve progress. Is one due or is my definition of regular different?
Not a bid in sight on the market ... yet millions of shares been taken up off market... pretty frustrating. Unfortunately the ELK stain must remain to the general investing community and i don't think its because Australia doesn't understand EOR.
Oil price remains around 100USD thankfully despite the turmoil and perhaps reflecting the expectation of imminent money printing rather than slowing economic demand that has seen some calling $35.
ELK Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
