With dwindling cash and insufficient income to continue with new...

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?