Eureka Mining Plc EKA AIM

Given the relationship between The Times and The IC, and The Times has rumoured very recently we are soon getting news that EKA have purchased all of the remaining 49% share of Chelyabinsk now to take them to 100%, and that the IC tips EKA as full BUY, just before the first weeks of January, and says the EKA team have been busy in Russia and no time to do PR, but now back, leads me to believe we are getting our January all good news update, and this is going near the conservative Ambrian target of 175p.

Given the cash generation at 175p, you will find the PER very low, and given mine life and Chelyabinsk on top, the price should be much greater by end of 2006.

Maybe its all wrong, and that viscious deramping rumour making "Helmet" is right, but I think not. I would go with The Times and IC comment, over some of those dubious "Helmet" mumblings anytime.