hi fellow Elkers,Was just wondering, as i'm having a lazy...

hi fellow Elkers,

Was just wondering, as i'm having a lazy w/e,from bungi2's blog regarding Grieve:

"If only things were this simple. Of course we don’t know what the price of oil will be during the production phase. The other minor problem is that ELK doesn’t have the cash to develop the project by itself. So what can ELK do?

It could make a large placement thus lowering the share price..."

What is the likelyhood of Elk going down that path? What kind of sums are we talking about?

I don't really see them doing that, but would there be a strategic reason to justify that sort of decision?