You had better do better in your interpretation!!
Fact of the matter is that Elk has a huge debt load, huge interest payments, and huge contingency payments that have to be taken care of.
It operates in a sector in which it has no control over the price of its product.
They also want to expand the company's operations and it appears that the only way they can do both is by issuing shares and diluting current holders.
I've seen it done time and time again where a company with good prospects and a bright future ruins it for everybody by having excessive debt and then diluting shareholders down the drain.
There is however, one group of people that always do well in these situations.
- Forums
- ASX - By Stock
- latest patterson research
You had better do better in your interpretation!! Fact of the...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ELK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online