ELK 0.00% 1.4¢ elk petroleum limited

It is what it is Davo, no amount of ringing of hands changes...

  1. cya
    3,836 Posts.
    It is what it is Davo, no amount of ringing of hands changes that. I would expect that everyone here would have expected a higher price with the Co2 secured and the JV done, including what appears to be some acceleration of the timetable, it defies logic ....but hey ive seen a lot of things defy logic before so I am unsurprised by that with specs ive learnt you rarely have the dream come true the way you might imagine it would. You , me , the directors, even Hectobar would have predicted a higher price with these milestones met. Its not happened , it is what it is, all that said it hasnt damaged the long term prospect and we have to find a bridge between now and then (the time we have cash flow). You have had some good ideas, we could have got luckier in someways as well...... but it is what it is I still think its excellent value and I dont mind buying a few more (although I would prefer in the mid teens. Ive not traded this stock ive always planned to hold on to the well over $1, so the interim prices are interesting but not a compelling concern.

 
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