ELK
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0.00% 1.4¢ elk petroleum limited

Ann: Trading Halt, page-5

  1. speculator101
    11,773 Posts.
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    15/09/17
    10:05
    Post #: 27238377
    Brad L has never been afraid of taking on big projects, but this is bigger than even Drillsearh, considering that Drillsearch basically did not manage their production facilties etc, or even the exploration really.

    Wow. The amount of debt in total is now going to be over USD $200m. While the numbers seem to stack up cash flow wise, the libor + 900bps is not insignificant. What if rates were to rise even just a little....

    I will continue to watch with interest.
    ELK Price at posting: 7.9¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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