For someone who doesn't own any stock, you sure know a lot about ELK.
IMO, it matters not how much Denbury paid for their 65% bcos Grieve would never have had any chance of getting off the ground without Denbury's involvement. I doubt ELK would have even been around today if the deal we have today had not been struck. Now, because of Denbury's involvement, ELK is in far better shape than it has ever been with a potential for significant upside if things go according to plan.
Yes, there are still risks and capital raising is one of them which I have highlighted in the past but how many companies with a market cap similar to ELKs doesn't?
Nevertheless, thanks for the informative posts and welcome to the ELK forum.
ELK Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held