You rate it a sell sell sell, yet you hold hold hold...need I say more???
If the good form that was started with the management shakeout can be maintained then debt will be secured and deals will be done. Credit where credit is due the last 9months have seen significant progress. before you say that it is not reflected in the shareprice, we were at 9c and in danger of imploding this time last year, think about it!! so while the shareprice is not where we would like it and believe it should be, things are actually exceptionally good compared to where we could be!! For years we ASSUMED we were making progress when in fact we were going around in circles, now with Denbury on board we KNOW we are going full steam ahead towards significant cashflow..
If ELK go back to no progress and issueing shares at a rubbish shareprice like the current one then I will join you in jumping up and down. But for now I am backing management to do a good job on behalf of shareholders.
Cheers
ELK Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held