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METGASCO LTD (ASX:MEL)ELK PETROLEUM LIMITED (ASX:ELK) - Ann: Termination of Elk Petroleum Merger, 14969926, page-12 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MEL ELK

It's better of for MEL without this merger and liability.. It...

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  1. ML173
    7,495 Posts.
    lightbulb Created with Sketch. 74
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    24/03/15
    14:07
    Post #: 14969926
    It's better of for MEL without this merger and liability..
    It seems like management has lost of direction.

    They go around and around burning cash for very little gain. They better off focussing on the existing assets.

    How much cash they have got left ?
    ELK Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
    MEL Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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