ELK's two biggest problems. Capital raisings at disasterous prices; and failure to move any additional asset to production stage now have a good chance of being rectified.
Whilst the past dilution cant be reversed the presence of Healy and absence of Rigg going forward is much more reassuring to investors thinking about buying on market i'd say. It is to me anyway.
Ash Creek is step 1. We now need an update on where they are at with Grieve.
ELK Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
