ELK 0.00% 1.4¢ elk petroleum limited

last week in the teens, page-14

  1. 4,575 Posts.
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    Im looking at it this way.

    Fluffy holds shares!

    No seriously, the chart breaking past 22c on close is key for more buying. Oil will over the next 5 years just go up and up, may be some lows in between. ELK needed a board change and some people to get the job done, the new team thus far have a new game plan and already started to deliver. Once any news of funding arrangements gets out the SP will move.

    The value of assets is key, the issue with CO2 supply had to have an effect on funding historically based on what the old board were looking to do with chemical flood etc. Now that there is a agreement on the CO2, funding has to be around the corner. There are plenty of people out there willing to invest, I have people offering me funding every few days for my buisiness.
    So it suggest to me now that the ELK board would be in the process of deciding on the deals available. Personally the old board had no idea on how to move forward, this is no longer the case and now for me its about buying on lows and waiting a tad longer for the funding release. Im not fussed on the timeline as long as the Shareholders get the best deal!
 
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Currently unlisted public company.

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