GT, I agree. CDN can be poison for ELM, brokers and fund managers are dictating prices, crazy "bought deals" (for my pers. opinion criminal) are done because its is easy money..... I've posted my fears about that here before.
Many Australien companies went from Autralia to Canada because they thought, it is an additional market but - its a basin of sharks and at least, they were very disappointed. There are additional shareholder-markets, but they have to be served. Europe i.e. ELM has been for several times in Switzerland with his presentations, the German market was left behind. There is once a year a big international commodities fair in Munic, (early November)- many companies from all over the world are presenting their work there, Canada, China, South America, USA etc) I've never seen ELM there. Many CEO's to whom i've spoken told me, they like the Munic fair much more as the PDAC in Toronto.
Ref. dictating prices I'll tell a true story:
Peter Walker, the ex CEO from Scandinavian Minerals, which was taken over meanwhile, was asked by a big and very famous Fund - Manager to make a good placement especially for him. He intended to buy a big amount for his fund. And: Peter Walker said" No, if You want to have shares, buy them at the stock exchange! We have an excellent product and our shares are loved by our shareholders."
Can You imagine what happened? He bought at the stockexchange!
What I want to say? We need more brave CEO's like Peter Walker!
K2P Price at posting:
$2.35 Sentiment: Buy Disclosure: Held
