MEL ELK

Ann: Termination of Elk Petroleum Merger, page-12

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  1. ML173
    9,597 Posts.
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    24/03/15
    14:07
    Post #: 14969926
    It's better of for MEL without this merger and liability..
    It seems like management has lost of direction.

    They go around and around burning cash for very little gain. They better off focussing on the existing assets.

    How much cash they have got left ?
    ELK Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
    MEL Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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