Gwaihir, you are right on every point you have made above. There...

Gwaihir,
you are right on every point you have made above. There are dangers in front of ELM if the management did the things wrongly. Everything should be done in a professional way, then ELM can come back to life.

Kates9999

I also wanted to buy more yesterday at 33c but I couldn’t be sure where the bottom was anymore! I bought at 56c then I hardly sold it back at 60c when it was coming back. Right after I bought some more at 37.5c on Tuesday last week, someone started to push it down by putting 500k shares at 36c on last Friday. I though they were doing it against me. LOL. (I am actually angry to myself for buying ELM again and again. I should have not touch to this stock again! But I love the resource, that's the problem.)

Then someone put 1.2m shares for sale on 34c on Monday morning and sp went down to 32c yesterday on Tuesday. That was a big loss for me in one week. No, I am not buying anymore. I’ll just wait. This is enough.

I could not give any meaning to this manipulation other than a takeover attempt, accumulating the shares at cheap prices or something else we don't know. But one thing is sure that the management is not doing the things right to stop the sp decline. They are not aware that they are going into the black hole if they don't do things right.

Gwaihir is right “ELM should be carefully targeting their drilling, and doing more international marketing, and managing the finances prudently.”

As I told on Monday post that management is in very weak hands. The sp is the proof of that. We all agree on that. I am already in big loss for my ELM holding. I said on my post above on Monday; "Management is in weak hands,..". I have made this comment after I listened the Audio Stream Interview of BBR with MacPherson made on 30 Nov.2012. (https://web.iress.com.au/webiress2/clientwindow2.asp

I felt the weakness on the voice of MacPherson here IMO. He sounded he believed what he was doing but didn't sound he was confident about the outcomes IMO. He was blaming the tough market conditions, bla, bla.

I can't watch my holdings to melt down any more than this despite I have small holding in comparison to other guys in Australia. I don't know why the big holders are not doing anything to stop this nonsense and make some changes in the management. I don't know who is happy with this management.