Hi Ace, How can any of us make any predictions....When oil was $147 a barrell back in JULY the experts were predicting for over $200 pb by now. No one predicted the global recession,& now as you know most stocks are struggling.People that are cashed up will pick up the pieces & make a fortune out of other peoples misery. If Elk were to drop to those levels, Who is going to sell? I doubt there would be any volume as there is a strong hold as most are hanging on to their long term plan. Lets see what the next few months brings. cheers.
ELK Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held