ELK
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0.00% 1.4¢ elk petroleum limited

lolz ......you answerd your own question a coupla times .........

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  1. Value_Hunter
    3,607 Posts.
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    16/02/19
    22:47
    Post #: 37460547
    lolz ......you answerd your own question a coupla times ......

    they have basically admitted breaching loan covenants.......

    they have brought themselves some time .......

    at the expense of 10-50% of projects equity, and nil upfront reduction in funding costs (NPI's excluded).......

    the chg in yr end will enable a write-back of asset value (madden gas) as a result .......

    either way - its going to require (signififcant??) cash to pay out the hedge book during a refi .......

    I hope for the sake of all investors, that Grieve actually starts to produce as envisaged ..........otherwise - its going to get messy .....

    rgds
    V_H
    ELK Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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