ELK 0.00% 1.4¢ elk petroleum limited

Over what sort of timeframe do you see the projects paying...

  1. 286 Posts.
    Over what sort of timeframe do you see the projects paying off?

    Grieve is a done deal, and as an average Joe shareholder, my stake in that has now been diluted. My only way to maintain my overall percentage share, is to spend 15K buying what until what a few days ago was already mine.

    Ah but now I own a share of the cash, I hear people say. It is not my cash though, it is not liquid to me, and the share price is not higher due to this cash in the bank. As average Joe, I need them to turn this cash into something that provides value, and at the moment, we don't know exactly what their plan to do this is. They might spend some here, maybe a bit over there, we might pee it up against the wall and waste it. It will be interesting to see if more detail about how this new cash will be used is released with the purchase rights.
 
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