Thanks for the replies everyone, it is fair to say that everyone is hurting including myself. ELK is my biggest holding and I have been accululating for over 2 years. Recently I sold half of my ANZ shares to increase my holdings. I did his partially to reduce my exposure to Bank stocks and partially as Bignote mentioned I think at these prices their is next to zero downside risk. My average is now 44c and I have a truckload.
Hecto also raises a good point that when/if they get a CO2 contract and the price spikes we may see some resistance @40c and @50c as people try to get out at a minimal loss particularly with all the other bargins in the market.
I have to remain optimistic as I have sunk loads of $$ into this one. I would be more worried though if we were at this price with large daily volumes as most are looking to hold.
Keep your chin up and good luck to all. Hopefully for those going to the AGM we can catch up celebrate some good news!
ELK Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
