Member Info for herb6345789

4 times higher than it was last September-is there some catching up to do?

eml is still at the price it was last September???

"Rio vs. the Reactor Companies There are two strategies at play: acquisition by Rio, and strategic buying by the Dattels group of companies. The Dattels group of companies have recognised the value in the assets and, we think, they will simply try to get the maximum value from the asset. Rio isn’t the only buyer though, with reactor companies in the mix also. At the very least Rio wants to retain the option to buy the asset given the synergies with Rossing. This can be seen in both its on-market buying as well as the recent AGM request that Kalahari does not use proceeds of a recent £18m raise to take its share in Extract over 40% (Kalahari can buy 3% of Extract every six months under ASX rules)." http://www.kalahari-minerals.com/News/Analyst_Research/Zone_2_JORC_Coming_%E2%80%94_Chasing_250Mlbs/News.aspx?id=87

IMVVVHO. the current see through value of eml is over 6.5p.

"This is another strategic move by one of the four holders of the Rossing South asset (Rio, Extract, Kalahari and Dattels). Production by 4Q11 seems optimistic to us, but the intent is clear, shedding more light on the potential value of the asset. While this is superficially based on Polo’s desire to take the asset into production, it may also be designed to force Rio’s hand and achieve the best takeover price possible." http://www.kalahari-minerals.com/News/Analyst_Research/Polo_Requests_Extract_EGM_-_Seeks_Dattels_board_po/News.aspx?id=86

can't see any reason not to at this price-value of KAH alone is more than sp

There have been only 11 trades so far today , representing a total of 0.159% of the 330, 759,300 shares in issue. However the sp has gone down 5%. KAH is marginally down. Seems to be a good time to buy-unless it goes lower.

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_May/ExtractWHI180509.pdf

when there is good uplift in KAH/EXT IMVHO. that might not be until there is a resource update/upgrade, in August I believe.

Yes, PRL has been diluted recently, but not that much and value has been added by way of investments in Acap and more EXT. Also the JV with Peabody has been confirmed. I hold some PRL, EML and URU. A poster on the PRL board today points out that the value of PRL's holding in EXT alone is 3.5p-the current sp.

It could be a blessing in disguise if you can pick them up a bit cheaper today.

Yes, I see the value in the figures I've posted. Do you think there is an error in them? Additional value is in cash and their Tsumed project-I'm trying to start a discussion about what that's worth.

I mean Tsumeb **** Stockpiles

EML has 17,600,00 shares in KAH. KAH sp today is £1.11 Value of EML’s shares in KAH=£19,536,000 There are 330,759, 000 EML shares in issue. Value of KAH per EML share = 5.9p What is the value of the ****? How much cash does EML have left?

Make personally slanted remarks if you will, but they are a company burning cash and I'm not sure what value there is in the company apart from the interest in KAH. It's quite reasonable to ask how much cash they have left, particularly these days.

My questions are : how much cash has eml got left? How is it going to fund development of its S.L.A.G heap?

http://www.salidacapital.com/admin/media/uploadedFiles/SalidaCapital_UraniumShortageLooming_April_22_2009.pdf

This is of interest : http://www.australianuranium.com.au/blog/spot-uranium-prices-continue-to-rise/ "The analysts mention in this week’s brief update on the uranium sector that technological developments are now allowing effiency improvements at US utilities (meaning they can generate more power with the same nuclear capacity) and in addition the US Department of Energy (DOE) is expected to push the overall market into oversupply again from 2011 onwards. On this basis, current price projections are for an average spot price of US$70/lb in 2011 and for US$65/lb in 2012 and a return to US$50/lb from 2013 onwards."

The main appeal of eml seems to be its holding in KAH, which owns about 39% of EXT, which owns Rossing South, a uranium area which has yielded spectacular test results so far. What will happen to the sp if the KAH/EXT sp prices drop? The company has a large **** heap but seems to have spent most of its cash acquiring KAH shares so any development activities on its own would be difficult in my HO. EML' sp is relatively good value because about 5/6p ie all of it is the value of the KAH it holds, as far as I can work out. It is a potential take over target if RIO decide they want Rossing. I have a small number but think that if EXT drops so will eml.

http://www.namibian.com.na/news/full-story/archive/2009/april/article/billions-boost-growth-hopes/