EKA - Eureka Energy
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Just checkout the ADI forum - I myself have been following ADI EKA Sugarloaf for couple yrs now and from what I've read over that time makes me very confident 
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JBMMMMMMMMMMMMMMMMMMMM,
I don't think it will reach $3.5, but could easily reach somewhere in the high $1s, also don't forget that there are plenty of options to dilute the stock, and EKA's final % is lower then the 12.5
I hold EKAO, which have little left in the sell side!!
I don't think it will reach $3.5, but could easily reach somewhere in the high $1s, also don't forget that there are plenty of options to dilute the stock, and EKA's final % is lower then the 12.5
I hold EKAO, which have little left in the sell side!!
Well ive bought more today on the sell off which i thought was a textbook over reaction. Up to my nuts in eka at the minute!ricey said:
However the accumulation i saw today tells me i wasnt the only one. In the afternoon trade at 31c the shares were consistently taken out as soon as they popped up. Looking for a bounce tomorrow and a close around 34-36 as the sellers i think were easily soaked up in todays trade and will dry up with only profitakers holding the price back at tomorrows close.
I'd better throw in this graph to back it up! The huge volume shows how the sp although down was pretty much halted in its tracks at the 31c and closed the day @ 32. Although graph shows the downward trend since the kyunlu setback I think the price movement today was unnecessary and should be corrected. It is worth noting that sp hasnt closed below 31.5c since the 18/10/06 and with the sl prospects and upper testing due in March, I can only see a build up from this point on.constable said:
Sean K
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Forgive me for butting in here, but looking through the posts I find it very difficult to see how $1.00 and even $3.50 valuations of this are being plucked.
From the chart, all I see is downward momentum, with more pain in sight. (unless you're shorting it perhaps)
Can someone please explain this to someone who doesn't understand gas. Cheers.
From the chart, all I see is downward momentum, with more pain in sight. (unless you're shorting it perhaps)
Can someone please explain this to someone who doesn't understand gas. Cheers.
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Hi constable, good luck with your purchases yesterday, very ballsy. I have a huge amount of options but EKA was absolutely caned yesterday morning, seems relatively friendless compared to the other JV partners. Nevertheless with some good news things can turn around very quickly and buying on weakness may seem like an inspired move. I think the market over reacted yesterday and let's hope the upper Hosston testing delivers for holders. Of course we still have the Austin Chalks which is the one I am really banking on.
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Hi Kennas,
The valuations here are based purely on fundamentals and after all fraccing and production flow testing of primaries and secondaries. (all not yet started)
The price could easily hit $1 on secondary success which is highly likely, and the partners have said it could easily be better then their upper estimates, including oil.
For the $3+ valuations you would have to get good success in the primaries or 800+ BCF which is still definitely possible.
My valuations are also based on broker valuations of ADI. ADI have 2x the exposure to SL but EKA is currently on a very small mkt cap.
Gas prices are much higher in the US and on success it should be brought online quite quickly as lots of nearby infrastructure.
Hope this helps!
The valuations here are based purely on fundamentals and after all fraccing and production flow testing of primaries and secondaries. (all not yet started)
The price could easily hit $1 on secondary success which is highly likely, and the partners have said it could easily be better then their upper estimates, including oil.
For the $3+ valuations you would have to get good success in the primaries or 800+ BCF which is still definitely possible.
My valuations are also based on broker valuations of ADI. ADI have 2x the exposure to SL but EKA is currently on a very small mkt cap.
Gas prices are much higher in the US and on success it should be brought online quite quickly as lots of nearby infrastructure.
Hope this helps!
kennas said:
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you made me look.. 3 buyers..
somehow i dont think the shareholders or directors are concerned..
somehow i dont think the shareholders or directors are concerned..
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Bad news yesterday, the massive gains hoped for from primary success will not eventuate, but hopefully secondaries come in with good flows. The heads are probably a better bet then the oppies. good luck all.
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yeah buying EKAO 12c would seem crazy comphared to the head shares price of 22c over the last 6months more often that not ekao would be 20c less that the head shares(less the 20c ex. march 08 )
So really if it was trading the same as in the past 2c-4c should be the current ekao sp
So really if it was trading the same as in the past 2c-4c should be the current ekao sp
Just walked in the door and noticed that also.
Thought to myself 'constable will be glad'
Best of luck on SL
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the stock may have been dead for a while, but what a way to wake up..
glad to hear your feelin a bit better constable.. i feel better days still to come.. as you know i dont hold any eka, but i love it when others do well no matter what the stock is!!
glad to hear your feelin a bit better constable.. i feel better days still to come.. as you know i dont hold any eka, but i love it when others do well no matter what the stock is!!
