Of course I hold and rate it a sell as any normal sane person wouldn't put their into this company. Buying into ELK now means that you lack any common sense.
Why should I sell at a loss?
Yes, the share price was down to 9 cents - it was there before too and it was at 37 cents the day before they announced the JV. There were lots of companies that were in worse shape than ELK and have performed much better too.
It listed at 20 cents so shareholders have seen zero capital growth over 5 years. How many of the people that were there at the start are still there?
You want the share price to double or triple? Set up a royalty trust and spin off the G Field property.
If I had the money I do like that famous guy in the shaver commerical and pocket that huge future cash flow myself rather than line the pockets of those that put us in the mess in the first place.
By the way, where are all the on market buys by the management and BOD's?
IMO a dead and gutted ELK is worth more than a live one.
ELK Price at posting:
19.5¢ Sentiment: ST Sell Disclosure: Held