EKA 0.00% 45.0¢ eureka energy limited

I was pretty keen to buy some normal stock, based solely on SL...

  1. 6 Posts.
    I was pretty keen to buy some normal stock, based solely on SL potential. but two things concern me

    1. Development Risk: There si a shit load of gas there, but no one knows how and if we can extract it. This means, buying any stocxk before Kunde -3 is fraced and working is V risky on that side

    2. Financial Risk: Ive not looked at the balance sheet, but i imagine the longer it takes to develop the well the more likely they will need to raise money, which would be bad in this market

    Im really tempted at 12 cents, butthen again, if the market takes a bit of a dive and kunde 3 takes a nother couple of monts, whi knows how far down the price will go.

    I think its a great stock if the SL project could work, but thats a big if I guess right now
 
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Currently unlisted public company.

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