M12 CVN had gone nowhere in the previous 10 years and when you bought was around the time they had a significant shakeup of the board. CVN went ahead then....Mentioning NXS AED goes against your whole argument....
There is no doubt ELK has a lot of potential, but that potential will not be realised to the extent it should when bad decisions continue to be made.....
Not only do ELK have development risk to contend with but they also need to finance the projects in the most shareholder attractive way.....both areas they have made a mess of recently!!!
Not many shares on issue, but a whole lot more than there should be!!! Cheers
ELK Price at posting:
11.5¢ Sentiment: None Disclosure: Held
