Agree with Viktorinc's comment that ELK is now clearly in the best position to date outside of the usual low cash balance / spectre of an upcoming capital raising.
With Denbury taking over Grieve from tomorrow and chemical injection of Ash Creek also due towards the end of the year things (aside from the cash on hand-and directly related sick sp) look very good. Lets hope they can work something out and avoid further dilution. They talk of monetising the oil pipeline and I guess this is the first direct response to raise funds to last until oil starts flowing.
ELK Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
