oil up on friday......elk down again?

"The contract, which expires tomorrow, rose 2.5 percent to $63.56"

SO oil futures went up on Friday in the USA...so it looks like we can expect Elk to continue its pattern and fall again this week.

The 'mates' still have another 4.5 cents of margin between the 9 cents that they paid for their shares and the current market price of 13.5 cents.

Better hurry and take the profit before another one of the 'mates' gets in ahead of you as pretty soon we'll be back down at 9 cents.........

Then I guess the incomps at Elk will probably try and raise more funds at another 30 or 40% discount to the share price......

Heaven help us!!