ELK
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0.00% 1.4¢ elk petroleum limited

Ann: Capital Raising Placement , page-6

  1. mac9
    841 Posts.
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    30/07/13
    00:47
    Post #: 12126526
    I might be looking from a glass half full perspective but if there is asset acquisition under negotiation i think it would be useful to have some cash around to keep everything running smoothly and maybe utilise some for deposits or licences etc.

    I would imagine we should get more info in near term on acquisition and finalisation on commercialisation of pipeline.
    ELK Price at posting: 18.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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