After reading the entire document, my main question is where will the US $10m come from required to pay off the 1st special payment (around Nov 1st)?
Brad makes some great arguments, but... Grieve receives much less detail than Anneth does. Sure, Anneth is their main project, but Grieve was supposed to be (although I note that he repeatedly states he warned everyone that it would take a while to ramp up production, and I will concede he may have, but.. all the presentations simply stated that production would be high and 75% theirs).
Will it be one more capital raising before they secure new debt facilities?
Such an interesting stock to watch, just still not able to pull the trigger.
ELK Price at posting:
7.0¢ Sentiment: Hold Disclosure: Not Held
