ELK elk petroleum limited
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a few numbers

  1. davo22
    4,837 Posts.
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    19/05/09
    16:28
    Post #: 5181930
    Peter power joined the board as ELKs chairman on 14/08/2006....ELK had cash in the bank at the time of $8.2mil.......since that time ELK has made $10mil of net revenue...approx $7mil clear,after production costs .....So since Peter took over (2 yrs 9months ago) ELK has burned $15mil (excluding production costs).....
    The equivalent of 30cps.(before recent capital raising)
    ............so after spending 30cps we have a company that is only valued at 1/3rd of the amount spent...bearing in mind that ELK already owned Greive and SDS before this time!!.....



    ELK Price at posting: 9.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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