EKA eureka energy limited
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eka needs a review

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    13/11/08
    16:36
    Post #: 4495816
    With dwindling cash and insufficient income to continue with new wells the time is near for a capital raising or a review of future operations.

    At 9c the market cap is around $7m. With a 12% interest in the joint venture it would surprise me if either ADI, AUT or AWE are not looking to increase their interests in the sugarcane through a merger or a take over of EKA. They will never get a better time than now with the relative SPs of all parties. $7m for a 12% interest seems very cheap.

    Any thoughts?
    EKA Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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