Well another 5% drop today should keep the ELK bulls happy. Another $1 million in market cap gone.
Now 18 cents off the price since the JV was announced.
With prices this low I wonder why all the highly paid ELK people aren't in the market picking up cheap shares?
For that matter, when was the last time a BOD member actually went into the market and did an on market purchase?
I'll change my sentiment to "BUY" if and when I see every member of the ELK BOD and management team pony up somecold hard cash and buy millions of shares.
I guess that will happen when hell freezes over.
ELK Price at posting:
19.0¢ Sentiment: ST Sell Disclosure: Held