Ok i know it's lazy to ask ,but i know there are several posters here who have done their homework on our cash position / burn.
A recent announcement mentioned selling the pipeline, though this could be a cash cow if ELK could maintain it.
What i am positive about, other than the obvious sp rise, is the fact that if there is a CR it will be at a far better price than expected only a few months ago, thereby minimising (relatively) dilution to holders.
Also, could the change in fortunes for ELK of late - BLM approval, C02 about to be utilised, 2P reserves, increased market cap, investor interest etc - lead to a possible debt facility rather than going to the market with the cap upturned?
Thoughts?
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