I’m assuming from your response that your queries to management weren’t adequately answered. IMO, whether or not Grieve is ultimately successful is yet to be seen but the reality is that it has so far failed to meet production forecasts and timelines and that will have an impact on the refinancing negotiations. I just hope management have a Plan B or that Aneth exceeds expectations and makes up for the problems we are experiencing at Grieve. Hopefully all these issues can be sorted out before oil prices or the share market crashes.
ELK Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
