I think a few are into this one Colonel. The oppies (ELKO) are an absolute steal with a LONG expiry. They will be more than a Disallowed if this one pushes on the way it is. I feel this is being manipulated a little bit on the back of the way this afternoons trading went. Smashed it through to 12.5 with the sell being 13c and then someone came down on it to bring it back to 12c for no gain for the day. Common sense tells you that if you wanted to sell, given there was no sell at 12.5c, you would put a sell order in there, not drop it back.
Exciting times ahead, now we just need the Oil price to rocket!
CnS
ELK Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
