So the only have enough cash for slightly more than half a year?!?!?
Wish their investor presentation had provided some guidance on how they expect to make sure they have enough cash to continue trading.
Thought it was interesting that they mentioned that the last capital raising was in Mar 06. Almost seemed like they were trying to hint that they haven't done an equity raising for nearly 3 years so it was ok for them to do so now.
ELK Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held