I'm guessing it's probably one of the few times that you wished you were wrong in relation to Elk.
Still holding but only because i'm anticipating at least a bit of price action leading up to Elk's Environmental Clearance hopefully in June which is not too far away. I'm only down about 20% so hopefully the price will jump high enough for me to at least recover my money or even hopefully make a bit of money.
The oil is definitely there and EOR is definitely a proven technology but the implementation of the project by management definitely needs some serious work.
Has definitely taken a lot longer than I was expecting but hopefully it will work out in the end.
All the best with your holdings.
ELK Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
