material capital raising, page-24

IMO, we can blame them for not extracting monies from holders when they should have early last year. One thing for sure is that our Board are right behind ELK and have invested good sums themselves on market. It had to come.

However, we'll see how smart they are in the raising - i.e who from and in what capacity. A small rights issue would only seem fair for large holders IMO. A SPP won't work and a soph raising, the same - would not work. However, a small chance does exist where a second party may be introduced to our registry. Either that or a small rights issue IMO tio minimise current dilution.

It's okay. I've seen others become vast multibaggers from where ELK is atm - 20X, 30X even in a small timeframe.

The GFC caught us all by surprise.

We need to support the company and move forward.