You should put your order at 1 cent...just as likely to get it filled.
Wait till the action begins after opening. Thats where you will some explosive moves.
After 10.08 when all the shares have opened and people sell some of their other stocks to jump into ELK is where it will all happen.
the indicicative open is not representative to me at all.
Also...most brokers wont let you bid above 100% above the last opening so a lot will be buying in as soon as ELK opens and it should jump another 20-40% straight away.
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held