re: Ann: $1.25m loan facility to facilitate N... Without wanting...

re: Ann: $1.25m loan facility to facilitate N... Without wanting to be howled down, in 12 month's time the sp could have made solid gains on the back of Grieve being close to delivering on production, following 12+ months of co2 injection.

ELK may then be able to raise cash via a much better equity deal than now, or roll the facility over on far better terms than at present.

Naturally there is a big assumption in there, but that is what we are all holding out for.