ELK 0.00% 1.4¢ elk petroleum limited

elk roll call

  1. 306 Posts.
    Elkers,

    ELK's SP has dropped significantly on little to no volume over the last 3 months. Bungi2 posted a great graph on 12/10 showing that only 1.5% of the company was traded in September indicating that ELK is extremely illiquid at the moment.

    I would be interested in hearing from ELK holders/exholders to see if you have decreased or increased their holdings since July and your reasons for doing so. My view is that long termers are using this price weakness to soak up cheap shares.

    I have increased my total holdings since July unfortunately @40cents and a smaller amount@ 20c. The reason I have continued to buy is that I believe in the business plan and they have demonstrated an ability to execute to the plan. I also like the fact that they are cashflow positive with very little debt.

    Look forward to hearing what others are doing.
    Cheers
    DJ

 
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