Everyone that has been ELK has been it for the so called undervalued assets that always seem to be 'undervalued'.
Funny how I don't see many names from years ago posting on Elk now. Where have they all gone?
We've been diluted down the drain and still see the share price at the same price it was when ELK floated. Of course during that time the insiders and BOD have taken millions in salary, benefits, and probably numerous trips to the USA for this and that and all those nifty conferences as well.
Don't forget the shares doled out at cheap prices either.
Every time I hear ELK is cheap at xx cents I want to cringe.............
People invest in a company with the idea of making money and hopefully the company's management and BOD have enough on the ball to see that happen.
I wonder when people will finally wake up and understand that we don't and haven't had that situation in ELK. Will it be that way in the future?
Once G starts throwing off cash will the company take that money and throw it away on more ridiculous projects like Ash Creek and Kakadu?
The thought of ELK finally getting some decent cash flow is good, but the nightmare on ELK street with the money being thrown away scares me.
People also look at relative performance. You want to get the best bang for your investment buck. From that perspective ELK has been and is a total waste. Just buying and holding crude would have doubled your money since 2005.......
ELK appears to have enough cash to be able to burn through it with their wasteful admin spending for the next nine months. Any additional useless spending will require an injection of funds.........
I don't think I can stand 6 more years of the horror on ELK street!!
ELK Price at posting:
20.0¢ Sentiment: ST Sell Disclosure: Held