Member Info for herb6345789

PRL has had dilution after dilution, most recently another 160m shares.To be fair, I think its used the money raised for investments, increasing the potential of the company. So far, it hasn't done much for the sp, which is still struggling to get back over 4p again.It's not really the company it was a year ago with all the new investments in uranium, including a big stake in EXT.There is huge potential upside if GCM takes off, which you can bet on for almost nothing, because like EML it's "undervalued".

SD seems to have taken a day off from buying EXT, as the recent PRL investments show. Does this mean he's now got "enough" -strategically- for the battle ahead?As Phobo posts, he has "just over 50%".

An undervalued share? I have been holding EML for some time now but the sp has not changed very much. It’s about where it was nine months ago. If you work out the value of the KAH shares held by EML, yes, you could say it’s worth 8p plus. However, I think it’s important to remember that it’s only worth what someone will pay for it. Why is it “undervalued”? One possibility put forward is that it’s been “overlooked” somehow. I’d like to think it’s as simple as this but can’t help thinking there are other reasons. Firstly, cash must be getting low and I recall that the books showed about £1m was spent last year on expenses/running the company : please check and tell me if I’m wrong. Secondly, there must be the possibility of a placing built into the sp : look at PRL for an example. Why shouldn’t it happen to EML? Secondly, EML shares are perhaps a little removed from EXT. EML to KAH to EXT… The market has decided that at present it’s worth about 5.5p. I hope that changes, perhaps in August with a resource update. Perhaps some other news? I do wonder whether it might be better to invest directly in EXT. Any opinions?

A lot of people will be donating their brains to help the fight against global warming.

well we had it yesterday but it was going in the wrong direction

I wonder who sold about 3% of the shares yesterday? Could it have been the Coe Trust?

That's a very interesting point. According to the EML website : "Number of Ordinary Shares in Issue: 330,759,300 Percentage of Ordinary Shares not in Public Hands: 60.9%"

post was meant for prl

when peabody buy their shares this could go up in a big way imho

yes, 4.75 was a good time to top up!

I think we are due a tick up here.

Many people feel that eml is undervalued and currently overlooked by bigger investors . I think Sage's point is that when the Big Boys start buying in the sp will rise substantially.

You seem to be asking about the prospects of EML having a sp of 40p. As most of the current value in the company is based on its holdings in KAH/EXT, there would need to be approximately a 6/7 times increase in the sp of KAH/EXT for that to happen in my very humble opinion.

Can you forsee EXT being A$35/40?

Bank of Toytown?

There will be a resource update for Rossing in August of this year. If, as many expect, it brings good news, in my very very HO, this is likely to rise substantially. However, it may not be as good as expected, there could be a series of nuclear power station meltdowns which result in a drop in the price of uranium, an asteroid could hit the earth, a global winter could come, the second ice age, global warming could suddenly accelarate and so on.

Or...a share that gives you investments in several companies...say for example in CDN, EXT, GCM, and others...dare I say the name?

ticking up

A poster on iii thinks it's worth more : "Revising the current valuation and i have come up with: KAH shareholding = 6.78p per share £5m land assets as per accts = 1.5p per share Remaining estimated cash (£2.5m) = 0.75p per share So the sum of the parts = 9.03p per share IB "

with All Due Respect, I don't think you should look to these boards for investment advice. No-one knows what will happen in the future-and in three years! As itsaduster says, do your own research and come to your own decision. I respect Sage's opinion but have a mind of my own and make my own decisions.Sometimes these posts can be useful for arguing for and against.