This now has a big stake in Kalahari minerals.....and should not be forgotten as the shares are at a discount to assets....will have to follow this one, the only downside is the ridiculous spread !.

Looking very tempting,a M/Cap of 21.1m against holding assets from KAH
and EXT of 32.25m. The core of the business is rare metals used in the Solar panel construction,which is very topical at this moment in time.
This is seriously undervalued,the only risk seems to be EXT collapsing which doesn't look likely?
aimho
cyril

Check out data link post 29,shows EML trading at 48% discount to EXT.With its main holding KAH motoring ,this begining to look a bargain?
cyril

All buys this am,with the latest of 500k.
cyril

All buy's yesterday but sp hasn't moved much....

to turn a phrase - why buy the monkey when you can invest in the organ-grinder?

As one values KAH against EXT(the true organ grinder)so the same princable applies to EMLand URU,it's as simple as that.At this minute imo
EML has some catching up to do?
cyril

technically you may be right, but the market begs to differ

Opps, is that movement i see?
cyril

lots of MMs which is good, but a horribly wide spread even so ..... further, EMS is only 10k shares, which is a total joke

Just back in up 18%(12.5% after spread-t/costs) in 2 hours,wish i could call like that every day?
cyril

you need to buy 75/100k shares to make a decent profit (or loss) which is very dangerous when EMS is only 10k and all controlled by MMs

paper or in the bank cyril??

you're beginning to sound like me!

Bakerboy;it's paper and the reason why is,if you own KAH which i do then same risk applies.Check post 29 to see the relation.
cynic i bought more than 10k, as far as risk it's value had increased but not the SP.The proof's is in the pudding and their for everyone to see?
cyril

10k (shares, not ) isn't worth holding

tis in my hands!!!! and yes you must be catching cynic. lol must take a tonic.

For immediate release: Friday 19 February 2010

Emerging Metals Limited

("EML", "Emerging Metals" or "the Company")

Statement re: Announcement by Extract Resources

The Directors of Emerging Metals Limited (AIM: EML), the mining company focused
on minor and emerging metals, would like to draw shareholders' attention to an
announcement issued yesterday by Extract Resources Limited ("Extract"), in
which Emerging Metals holds an interest through its 8.53 per cent interest in
AIM-listed Kalahari Minerals Plc ("Kalahari"), Kalahari having a 40.44 per cent
interest in Extract through its subsidiary its Kalahari Uranium Limited. In
this context, Emerging Metals also notes Kalahari's statement of 18 February
2010 also referring to Extract's announcement.

In Extract's statement of 18 February 2010, it announced further "outstanding
chemical assay results" from the Rossing South mineralised system, which is
part of Extract's Husab Uranium project. An abridged version of Extract's
announcement is set out below.

The Directors of Emerging Metals commented:

"EML shareholders will be pleased to see the announcements made yesterday by
Extract and Kalahari. The recent drill results by Extract indicate the
extraordinary potential of Rossing South. There is potential for the deposit to
support a major project which will be strategically important to future
customers vying for the long term supply of U308 as the significant build out
of uranium reactors plays out over the next decade and beyond. Extract is now
deploying 15 drill rigs, and 5 additional rigs focused on exploration targets
outside of the two main zones. The main zones are being intensively drilled.
This may result in the upgrade of the resource to `Indicated' status for
inclusion in the feasibility study, as stated in Extract's release. Of
particular note is the number of higher grade intercepts which could enhance
the project's economics. In view of the very positive progress being made by
Extract and the importance of that company to EML through its strategic holding
in Kalahari, the Directors encourage EML shareholders to continue monitoring
information about Extract and Kalahari."

A full copy of the Extract announcement, including illustrations and
appendices, can additionally be viewed on Extract's website
www.extractresources.com.
cyril

Nice directors buy of 2mil yesterday...

Special div of .0713p goes ex div on the 30th. lots of buys today..

why would a divi of less than a penny cause a 6p drop in SP?
edit got decimal point in wrong place and answered my own question