While we are all waiting patiently for something to happen with...

While we are all waiting patiently for something to happen with the old moose i'll give you my thoughts on things to see if it can brings a discussion on the way we are going rather than the "Dome and Glome" (sic).

Elk have been to the NAPE with kakado, uluru etc and come back to headquarters with nothing. Whether that is beacuse the industries sees the acerage as worthless or just beacuse everyone is keepin hold of the purse strings is irrelevant. The facts of the matter are ELK needs cash to 1) develop grieve 2) carry out drilling 6 wells on the crow land. As nobody is forthcoming with cash the share option looks like the way forward(I'm not particularly happy about this either).

So due to the contract with the Crow Indians the wells must be drilled or the land lost so cash MUST be found for that. So depending on the take up of the shares that becomes number one priority, leaving the development of Grieve as the secondary priority. What happens if the cash raised does not cover the development of grieve? If the industry doesn't like what ELK is trying to sell then why should the markets ! So who's up for some additioal investing at 9c, send a penny to save a pound.

Finally, my opinion is what was a great thing 2 years ago is still a great thing now, it's like having a glass of 21 year old Macallan and some body puts water in it, it's still Macallan but just not as good...................