I'll start off by saying that whilst I don't hold EKA directly anymore, but I do hold on before of a family member (who has entrusted me to run their investment account).
I too definitely feel that 45 cents is 'too cheap' for EKA, however you have to not only consider the true value of EKA when evaluating this offer, but also the value of other opportunities on the table which you can invest in by selling EKA at this price.
So whilst I believe 45 cents is undervaluing EKA, I'll definitely be looking at the right time to exit to pursue what I believe are a couple of really good opportunities floating around within the sector.
Other companies haven't really changed in price because of this offer, but EKA has been re-rated close to 45%, so it's definitely something to consider.
I suppose my disclosure is halfway between stock held/no stock held lol.
EKA Price at posting:
47.5¢ Sentiment: None Disclosure: Not Held
