The market and dare I say the press liked ELK in 2007 when it was around the 70 cent mark and saw it as a bluesky stock.... sadly opportunity and cash were squandered... BOM of the day were very good at looking after themselves and it was really a company that liked to raise money through share issues and dabble in oil on the side... things have changed and if we were in the current position and the clock was turned back to 2007 it would be a multipe bagger..... so IMHO the only thing to consider in 2012 is the effect of dilution versus the value of assets and near production...... this is one that won't go boom on a few new acquisitions but the only thing between here and a massive rating up is time and the only risk is management shooting itself in the foot.... here's hoping its the former and then BOOM.... what this thing climb!
ELK Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
