Australian (ASX) Stock Market Forum

EKA - Eureka Energy

Why is it a good thing that they are issuing shares below their trading value?

Often what happens when a company releases shares they offer discount rates to make the offer more attractive for investors, its a good thing because the funds will be used to develop a field for gas production.
 
:)

Hi folks,

EKA ... expecting two time cycles to be triggered,
around 18062007, by some positive news ... ??? ..... :)

happy days

paul

:)

=====
 
G'day Yogi,

Looks like your predictions are doing well for EKA.

The heads are up 6.5 cents as I write.

(I just need the oppies to fly)
 
G'day Yogi,

Looks like your predictions are doing well for EKA.

The heads are up 6.5 cents as I write.

(I just need the oppies to fly)

looks like the options could fly if the ordinaries can hold around low to mid 30s, they were at a premium for quite some time, now back to intrinsic value, the demand for the heads should flow through to the options soon :D

yogI don't know how you do it, but well done!
 
looks like the options could fly if the ordinaries can hold around low to mid 30s, they were at a premium for quite some time, now back to intrinsic value, the demand for the heads should flow through to the options soon :D

yogI don't know how you do it, but well done!

Not a bad finish for the heads today - EKA up 27%, but EKAO down 6.7%

Hopefully that move will happen tomorrow! ;)
 
:)

Hi folks,

EKA ... expecting two time cycles to be triggered,
around 18062007, by some positive news ... ??? ..... :)

happy days

paul

:)

=====

hi yogi... impressed and curious about your prediction method... what are time cycles?? do you invest/trade according to your predictions?
 
Interesting action again today. Big buyer(s) on the prowl, and the sell side has almost disappeared. Ignoring the couple of hundred shares remaining at 34 cents, there is a 6.5 cent gap between the bid and the ask :eek:.
 
Interesting action again today. Big buyer(s) on the prowl, and the sell side has almost disappeared. Ignoring the couple of hundred shares remaining at 34 cents, there is a 6.5 cent gap between the bid and the ask :eek:.

the liquidity is a double edged sword, on good news they will be extremely hard to get and the price will rocket, on bad news it will be extremely hard to get out. As expected demand is flowing through to the options now that the shares seem to have reached a new level.

There is a General Meeting today, I wonder if this is having any bearing?
 
Just wondering what the sp forecast pre-testing will be... i forecast 35-40c based on the price during drilling the shallower levels less say 5c for risk on a one-shot stock... but given the last announcment i'm feeling much more confident that all the JV's are onto something worthwhile... so I'm giving it 50-55c pre-test.....reflecting a higher than 50% confidence level plus drilling of SL2.... any thoughts??????:cautious:
 
Yep chance fate, I guess that's about right. They have definitely set themselves up. If the share price builds up to 60 cents on the rumour and results aren't forthcoming we could see a 50+% drop in one day (like e.g AKK not too long ago). I'm an optimist, so I'll keep holding, lucky that I got in low. :cool:
 
This is just a note to let it be known that I have entered the EKA in our "August Competition"

Salute and Gods' speed to all
And as always, DYOR and Charts
 

Attachments

  • XYZ Yacht.GIF
    XYZ Yacht.GIF
    47.6 KB · Views: 228
argh Cap'n let's hope good ship EKA takes us through fair weather to the shores of black gold and early retirement, and most importantly, August stock tip glory!
 
:)

Hi folks,

EKA ... will be alert for some positive news, in November 07 ... :)

02-05112007 ... 2 positive cycles here

19112007 ... 2 time cycles and more positive news expected

26-29112007 ... same price as 05112007 ???

04122007 ... significant and negative spotlight on EKA

10122007 ... negative news expected

14-17122007 ... minor and positive cycle

28122007 ... positive cycle ... finance-related ???

happy days

paul

:)

=====
 
EKA just broke through, +15% now, i searched everywhere, no news, no announcement, what is going on?


Most likely nothing mate.

only 90,000 shares traded and the're 10% in the spread

All of the jvps are held tightly - if you want in you have to pay up.
 
Hello - hello......... anybody there?

"We come in peace - do not be scared"

Could be a case of either sleeping beauty or alien abduction.

Since the 17c highs of Sept 2006 this stock has declined to just under 7 cents in Dec. 2009.

Doesn't anybody care about this one.
 
I've held a number of shares in EKA for sometime and was wondering peoples thoughts on this share. Is this stock going to increase or will it linger around the 10c mark for a little longer?
Thank you in advance for any thoughts
 
We cannot give advice in here but lets just say ADI and AUT have similar interests in the same fantastic project.... it might pay to go and read both those threads, starting with the most recent posts....as a lots changed in the last 2 weeks.... for the better in my opinion...

ALWAYS - DYOR and seek expert advice
 
Top