new acquisitions = growth = $1 per share, page-4

While I would love for the share price to reach $1 by Christmas, I really doubt an announcement regarding acquisitions will get us there so quickly. The only major milestones we have to achieve between now and Christmas are the monetization of the Grieve pipeline, chemical injection for Ash Creek and Co2 injection for Grieve. While these are significant milestones for ELK, they are IMO not sufficient to result in a rerating of the share price to $1.

Early oil response from Ash Creek and Grieve could do it but even if this were to occur, the earliest would most likely be in the 1st half of 2013.

Nevertheless, the fundamentals for ELK are looking better by the day especially now with low cash concerns out of the way.