ELK 0.00% 1.4¢ elk petroleum limited

placement, page-18

  1. 374 Posts.
    There must be something going on Davo22. The major shareholders are putting in $7mill so i expect they have received more detailed disclosure than the wishy washy stuff we have been given. They are either excited by something or are just using the opportunity to up their exposure to grieve at an extreme discount.

    We will see the notices once the shares are issued. I would not be surprised if another substantial (Healy's contact) who was on about 4.5% holding comes in.

    The way the world is looking the fact that we have a guaranteed project of far more value than our market cap plus now a large cash balance (relatively) may help us..

    I understand that you are in the bracket of shareholders that are immediately done over by this deal though.
 
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