Well said Anatol, and Radioactive, and DDZX, and Smalio, and Accaeric. Add me to the list, I completely agree.
Internationally, there has been some very big Potash and Phosphate deals recently, like those between companies from Jordan, Canada and China.
Whenever one reads the international Potash press, there is rarely a mention of ELM, which just does not seem to be hooked into the global resource news network.
There are recent concerns that the Arab Spring is going to severely affect the Potash/Phosphate belt in the Middle East and North Africa, further improving the prospects for ELM.
ELM should be carefully targeting their drilling, and doing more international marketing, and managing the finances prudently.
The share price is a shambles. It would be a shame to see a cheap takeover or buy-out at these levels, especially with the excellent resource they have, so it may be better for them to simply wait. Who knows?
Gw
K2P Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held