the worst 10 stocks on the asx, page-156

About about the following:

ELK - spent millions, issued cheap shares, and shareholders have been waiting for years for results on the Grieve oil field. Still around 15 cents (Market cap A$15 million +/-) despite having from US$400 million to US$1.6 billion in gross value oil in the ground.

EKA - Basically unchanged since 1 Feb while its JV partners are up an average of 84% during that time. Ill timed SPP during frac of wells.

FML - A gold stock that can't get up and stay up despite good news and actual production.

NAV - Hit $1.35 only to fall all the way down to the low teens on the GFC, over optomistic reports, a busted cap raising, and now has 4 times the previous number of shares outstanding with hundreds of millions of options and still has a market cap less than years ago.

AXE - the new 'NAV' seems to fall on every ASX announcement and has dropped from the 20 cent area to the 14 cent area.

Some of these I own (ELK, EKA) and others I am watching.