ELK 0.00% 1.4¢ elk petroleum limited

Ann: Wyoming Asset Sale Process Update, page-3

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  1. 535 Posts.
    lightbulb Created with Sketch. 19
    Well overall management have done such a piss poor effort the past ten years that shareholders no longer want to give them any more money, and the market is only prepared to make a low ball offer for the assets at this stage - at least that's how I read today's announcement.
    I'll be surprised if they pull a good deal from here on.
    My worst investment ever.
 
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