ELK elk petroleum limited

material capital raising, page-19

  1. 374 Posts.
    Poor decision IMO if it is to raise equity now

    They have an upper sands test in the next 4 weeks or so. Heaven forbid but we may actually strike oil. We know they have enough cash for at least 2 more quarters so why not wait??

    Sit on 20mill barrels of oil through the biggest price spike in history, do nothing and then raise equity at the lows... Crazy
 
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