Presentation the other day read pretty well. No love for the ELK?@yet from the attendees though.
The tariff revenue ELK expects to receive from the pipeline was considerable.
ELK seem intent on pushing?@their figure of 24million recoverable and expectations for 2P classification in it. Denburys modelling will hopefully be available soon and combined with the economics may be an big market eyeopener.
Short term cash remains the only problem i see. Davo / Binbin and those with the lines in I hope you are emphasising that dilution is really the only shareholder value killer going forward.
Share price has now approached 50% retracement from the recent high.
ELK Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
