Speculation, but is it about to happen. Will there be competing bids for EKA. Looks to me that it may just be a possibility. AWE wont have the advantage this time. If one does take over EKA then the other becomes the smaller partner. With competition, this time we may get a fair market price. If it is the case I would say they will want to act with haste in order to set a value before there is much more drilling.
AWE has the cash. AUT may just want a merger with a share exchange. If that is the case then I think we will be offered a 1 for 4 which I'd be happy to take.
I'd say interesting weeks ahead.
DYOR I'm just speculating.
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