Given the momentum that has been building, the accumulation taking place, i can see $1 reached before the announcement date. This will be equal to the 12 month high when the EROI was announced. given that this is what people were prepared to pay pre RS 2P confirmation, I can see similar price being obtained. After announcement, I can see it opening at double this as people make 100% return. however, even at $2 with some 60m shares it is only valued at $120m or so, a big discount to the $500m NPV that the oil and gas weekly article considered the value if 2P certified
Good holding and luck to all
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held