some one wants in ?, page-6

Davo22

Have you read your own posts lately? Your posts are so negative that i'm surprised you're still a shareholder.

You continuously whinge that management are terrible and that you want to get rid of them but I think you need to wake up and realise (just based on the voting results from the AGM) that this is not going to happen. Especially with Healy who owns 20% clearly backing management.

You constantly complain about your shareholdings being diluted but at least you were clearly given the opportunity to participate in the institutional placement @ 9cents. Your holdings were diluted because you chose not to participate unlike the rest of us who were only limited to $10000.

In your posts, you normally add a small comment about how you think the assets are still great, so why don't you just focus on the positives for a change.

I too, believe that the assets are good. Chemical Flooding is a proven process with success stories all over the world. The great thing about chemical flooding is in relation to it's low cost of implementation and the low cost of chemicals. The report issued by Surtek stated that Grieve is an excellent candidate for Chemical Flooding and was profitable even at the oil price of $40. The oil price is now $68 and rising based on technical indicators. My research also indicates that some Chemical Flooding projects were even viable at oil prices of $20.

At 11 cents, Elk's market cap is only 10million and in my opinion significantly undervalued. It is one of my only substantial shareholdings that hasn't recovered in the most recent share market rally. Obviously, i'm not happy about it but I choose to see this as an opportunity to reduce my average price by buying more.

Your posts used to be informative, providing forecast profit number using sensitivity analysis. Come on Davo22, forget the past and give us some info on why you think the assets are great.