There are 15 letters in the alphabet.


		  H
	       I      M
	    A   E   O   U
	   B L S K T þ P J

7 of those (H,I,M,A,E,O,U) can be used alone (H at the beginning of words is not pronounced, rather a Greek ‘), or in combination with the other 6 (explanation later).


The other 8 can only be used after a vowel, and are changed in pronunciation depending on the vowel.
There are exceptions, but in general A “hardens” the consonant while E “softens” it (this is in the minds of the elves, not linguists). O and U are mixed forms and can also change dialectally.
When the vowel-consonant pairs are also acted upon by a transformative letter (H,I,M) they change the pronunciation of the pair: H transforms the vowel into a long vowel, I shifts the vowel towards the next vowel (creating umlauts, or “ei” in the case of E) and softens the consonant, and M makes the vowel glottal and almost silent while hardening the consonant.

Pronunciation and transliteration

Transformatives:

Letter   other spellings/pronunciations
  H        ‘
  I        y,j
  M        n,nn

Vowels
  A     (vowels are always pronounced the Latin
  E      way unless transformed, see below)
  O
  U

Consonants:

Letter    hard   soft  other/archaic spellings
  B         b     v       w
  L         l     r       ll(as in Spanish)
  S         s     sh      a little lispy.
  K        ch     g       x,k (x is a german ch)
  T         t     d
  Þ        th     dh      even lispier: c, z
  P         p     f       ph
  J        tz     j       tj,dj,ch,c


The list of allowed syllables (vowel-consonant combinations) is thus:

"A",	"E",	"O",	"U",

Root syllable (unmodified)

(always (always     (mixed)
  hard)   soft)
"Ab",	"Ev",	"Ov",	"Ub",
"Al",	"Er",	"Ol",	"Ur",
"As",	"Esch",	"Os",	"Ush",
"Ax",	"Eg",	"Ox",	"Ug",
"At",	"Ed",	"Od",	"Ut",
"Ath",	"Ez",	"Oz",	"Uth",
"Ap",	"Ef",	"Oph",	"Uph",
"Atz",	"Edj",	"Otj",	"Udj",


With “H” added, single vowels pronounce the H:
"A"+”H”,	"E”+”h",	"O”+”h",	"U”+”h",

while syllables prolong the vowel:

"Ahb",	"Ehv",	"Ohv",	"Uhb",
"Ahl",	"Ehr",	"Ohl",	"Uhr",
"Ahs",	"Ehsch",	"Ohs",	"Uhsh",
"Ahx",	"Ehg",	"Ohx",	"Uhg",
"Aht",	"Ehd",	"Ohd",	"Uht",
"Ahth",	"Ehz",	"Ohz",	"Uhth",
"Ahp",	"Ehf",	"Ohph",	"Uhph",
"Ahtz",	"Ehdj",	"Ohtj",	"Uhdj",

With “i” added, the vowel shifts towards the next vowel (umlaut, ä, ö, ei, ü) and the consonant is always soft:

"Ai",	"Ei",	"Oi",	"Ui",
"Aiv",	"Eiv",	"Oiv",	"Uiv",
"Air",	"Eir",	"Oir",	"Uir",
"Aish",	"Eisch",	"Oish",	"Uish",
"Aig",	"Eig",	"Oig",	"Uig",
"Aid",	"Eid",	"Oid",	"Uid",
"Aiz",	"Eiz",	"Oiz",	"Uiz",
"Aif",	"Eif",	"Oif",	"Uif",
"Aidj",	"Eidj",	"Oidj",	"Uidj",

With “m” added, single vowels stay the same and the N-sound is added after:

"Am",	"Em",	"Om",	"Um",

For consonants, the vowel is rudimentary and glottal, best to be spelled as an “’” instead of a true letter, and the consonant is always hard:

"Amb",	"Emb",	"Omb",	"Umb",
"Aml",	"Eml",	"Oml",	"Uml",
"Ams",	"Ems",	"Oms",	"Ums",
"Amx",	"Emx",	"Omx",	"Umx",
"Amt",	"Emt",	"Omt",	"Umt",
"Amth",	"Emth",	"Omth",	"Umth",
"Amp",	"Emp",	"Omp",	"Ump",
"Amtz",	"Emtz",	"Omtz",	"Umtz"

Or simpler,
"'b","'l","'s","'x","'t","'th","'p","'z".