I guess my empathy goes to those that have sold expecting much more but to me it was another sig milstone in the company's achievements in line with their business plan to date. The CO2 agreement will know go ahead IMO, and very soon; the market asessment appears to be short sighted along with the fact that their operational activities are currently very strong, the Montana acquisition has tremendous potential and they are producing oil at a proftable level atm. I am amazed at the market reaction but that is how things currently are today.
Directors have been buying and Healy owns just under 20% along with the new MD being of tremendous proven talent in sequestration etc.
All boxes have been ticked and I await further news.
I hold and have accumulated along the way. I look forward to the weeks ahead and particularly 08/09.
She is now very cheap and it up to the market participants to both digest and interpret ELK, both in the short and long term.
Good luck.
ELK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
