Hey Davo, if the NPV for Grieve is over $300m and the market valuation is only $10m what do you think the chance is that someone will make an opportunistic offer for the company?
I am concerned that an existing player in EOR in the region might make a move now that we have CO2 and before we get a chance to wrap up the financing.
I'd hate to see someone like Denbury offer 30-35c per share just when things are starting to look positive.
ELK Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held