extend closing date spp

Considering ELK have not yet announced any results regarding Ash creek they should extend the SPP for at least 2 weeks after the release of that announcement. Considering no value for Ash creek is currently factored into the shareprice a positive shareprice reaction to any result is likely.

Elk will no doubt place any shares not taken up by shareholders with sophisticated investors. To miss the opportunity to either receive more cash or decrease the dilution to shareholders would be to neglect their duty as directors to act in the best interests of all shareholders.