Only a few months ago they borrowed some money from some loyal shareholders and gave them free options which will now be worthless.
Forget new projects. If the directors were fair dinkum they should all resign and put in skeleton management until grieve is up and running instead of wasting further shareholder funds. Otherwise they will be raising funds every six months further diluting existing holders over and over again.
ELK has become a mining company. Mining shareholders money.
ELK Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held