EKA eureka energy limited

aut/eka relative value

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    5/07/2010 C12718876 Contract B 100000 EKA @ 0.190000 19,029.95
    2/07/2010 C12717175 Contract B 100000 EKA @ 0.190000 19,029.95
    2/07/2010 C12716715 Contract B 50000 AUT @ 0.795000 39,809.62 2/07/2010 C12715955 Contract B 100000 EKA @ 0.195000 19,529.95
    2/07/2010 C12715228 Contract B 50000 AUT @ 0.800000 40,059.99
    2/07/2010 C12714347 Contract B 200000 EKA @ 0.195000 39,058.50

    The above are actual trades between the two. Relative values are 4 to 1.

    I have made a few trades where the value was 2 to 1.

    These were before AUT had proved a lot of their acreage. I suggest that the 6 to 1 value is reasonable and that does make EKA a good buy.
 
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