enough is enough, page-10

I have to agree with Renegade here Davo. We'll have to see what eventuates, and quite possibly, the placement details may arrive with an updated business plan. If they didn't raise, they would be bust by the end of the year. I'll be supporting the company as much as I can as I firmly believe she is a long term winner. The being said, they were incorrect in not raising capital 12 months ago to shore them up; I'm afraid they relied too much on the oil price at that time IMO - I stated this a number of times on HC and due to unforseen global circumstances, we find ourselves where we are - along with many. ELK could be a massive gainer - seen it too many times to think it is not possible and finally we will have some money again.