Totally with you guys, other than crappy announcements what has Elks and the prior Management done, all I can think of is -
- Took bankrupt Company in 2013 and still operating today
- Just had the biggest precedent case won in Tax law in the last Decade (at the Federal Court of Australia) Elks, Melik and Walker
- Won the battle with DNRME with the right to be granted The Granite Belt ML / Elks, Melik Feitelson
- Brought a Company that once traded for 180M on the ASX for 50K by out manoeuvring significant bidders for it / Elks
- Holding Mackenzie which in our accounts a few years ago stated E&Y valuation of 20-40M, as valued by ATO/ Elks, Melik and Feitelson
- Current South Burnett Mine under ML in a region which is running out of Coal for local Power Generation (Only ML application within 150km)
- About to have 8M into Company after winning the right to claim the prior $7-9 Million should AI settle for them
- Oh yes, and able it appears to read plan English black letter law, hence potential for further $2-3M back from DES
So assets and cash generation in the 10's of Millions if not hundreds, yeah, I would much rather they could spell and we are still bankrupt........
If any of you have that track record on your resume, step up and have a go, the AGM would be in October if you think your good enough. As for those heavy weight mining guys, Elks apparently Ex Rio for a short period, and haven't they over the last 10 years written off about 20-40 Billion in failed ventures. I think I will stick with what we have thanks....
I am missing something here
- Forums
- ASX - By Stock
- MRV
- Ann: Company Update
Ann: Company Update, page-17
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)