Sandalphon, it was in response to doolangs post below. If people...

Sandalphon, it was in response to doolangs post below. If people think that it is a $1-$1.50 stock they will be short changing themselves. An this is the risk with release of positive news and the not understanding the full impact.

forget your charts and understand what the underlying fundmentals supported by an NPV will mean.

If it opens at $1-$1.50, I will be buying as it will go much higer (of course subject to the reserves and NPV provided)

To some 100% return seems great, but holding longer term may see a multibagger .

re: estimated proved reserves and pilot plants (Doolang)
Code: ELK - ELK PETROLEUM LIMITED (Google ELK) Post: 2798486 Reply to: #2798390 from bignote Views: 52
Posted: 28/04/08 10:24 Sentiment: Hold Disclosure: Stock Held From: 202.72.xxx.xxx

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should see it hit $1 - $1.50 thats taking into account the the reserves are 2p IMHO