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 !.

Well...bought in today and so far it is up on my purchase ...not quite covered the spread yet so we shall see !.

End of day...just about covered the spread !....way undervalued it seems !.

EML really buzzing this am.
cyril

You think so ?...flat ...I would call it...a few small buys...., there is a strong possibility of a zinc price recovery which would help with the slag heaps.....though their investment in KAH is fantastic for them !.

A couple of posts by a very astute investor who i believe writes for Proactive,
which gives an insight to whats going on and the potential value?


"Uramin (UMN) was a uranium explorer, with its principal asset being the Trekkopje deposit in Namibia. The measured & indicated U resource for Trekkopje prior to the sale was 110Mlbs at an average grade of 149ppm "

...which Dattels & co sold to Areva for US$2.5bn in 2007. Now how did that compare with Extract's maiden resource statements*....? :0)))

Mark




I notice in the table in the header you say about EML "thought to be controlled by Stephen Dattels".

Here's a bit more detail on that point/issue (which some may not be aware of):

Firstly, SD is closely associated with James Mellon & Ian Stalker. All were on the Board of Uramin (Stalker was CEO). SD and JM are co-chairmen of HK listed Regent Pacific; Stalker is a non-exec of that company. Funnily enough SD & JM are also co-chairmen of EML. ;0)

Per my research, Zorbas of NWT (major shareholder in NWT, which owns ~30% of URU) also backs Dattels, so when I refer to "Dattels & co", I'm referring to Dattels, Mellon, Zorbas & "B" ("B" is not Stephen Bywater). I exclude Stalker from that list because he is a miner rather a "money man" and I doubt is heavily involved in the corporate shenanigans. Whilst Stalker is not exactly poor following the success of Uramin, the others are in a different league. Dattels is a wealthy lawyer (owning his own investment bank in Canada, Regent Mercantile Bancorp) with an extensive mining background. IMV he is the "hatchet man", knows every trick in the corporate book and has probably invented a few himself. :0)

Mellon (a property magnate) is probably 10x wealthier than Dattels but I have never observed him take an active part - I believe he is representing EML at the Master Investor Show so anyone that's interested may be able to meet him there. I also see that Mark Slater (Jim's son) is presenting there. As his company, Galahad Gold, were big investors in Uramin, I would not be surprised to see another of his companies on the shareholder register of one or more of URU, EML, KAH or EXT - if they're not there already.

Looking at EML's shareholders (aside from the co-chairs): http://www.emergingmetals.com/Investors/StockInformation.html , we can see that Mellon owns 8.5% via Galloway Ltd; Dattels 6.0%... and I see that "B" has come into the open: it's the Beck family (Mike Beck, specifically, I understand), with 8% via Angstrom. I think it's pretty safe to say that EML is controlled by Dattels & co!

Moreover, whilst there's nothing obvious on the shareholder list, I'm pretty sure that Dattels & Mellon have a chunk of URU too - as a result of the dividend in specie when Uramin was sold & URU spun out of it. Mellon used to be chairman of URU, of course.

Something for the weekend, sir? ;0)

Cheers,

Mark

cyril

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

Increase of significant interest in Kalahari Minerals Plc

The Directors of Emerging Metals Limited (AIM: EML), the mining company focused
on minor and emerging metals, are pleased to announce that they have increased
their interest in Kalahari Minerals Plc ("Kalahari Minerals") to 15,820,000
ordinary shares being 8.84% of the issued share capital of Kalahari Minerals by
way of the on-market purchases of 2,475,000 ordinary shares at an average price
of 78.17 pence per share.

The Directors of Emerging Metals continue to believe that the acquisition of a
significant stake in Kalahari Minerals provides the Company with exposure to a
world class uranium deposit in Namibia and a further diversification of its
exposure to the class of minor and emerging metals. Namibia is already a well
established uranium producer with a reputation for a positive approach to the
development of mining projects.

- Ends -
cyril

9% stake now....!.

Decided to buy, with both KAH and URU flying, thought EML should follow shortly?
cyril

This is undervalued, if KAH's sp is anything to go by !.

Thar she blows !, about time too !.

Question is are they worth buying rf..?

I have some, but I would go for URU at the moment, but both sp's should be going northwards soon !.

looking great.!

my target is 50p within 12 months.

At last its getting noticed.

BOUGHT TODAY GUYS 50K .IM HEARING BIG NEWS IS IMMINENT.A RE-RATING COMING AND 10% STAKE IN KALAHARI IS JUST THE TIP OF A BIG ICEBERG.80-100P TGT THIS YEAR

I hope so fed up waiting.

Sec1,
news from where?who?

egm passed and a new acquisition imminent.10% of kalahari not even priced in here.this is a multi-bagger,peeps are just starting to notice this undervalued gem.high volume as well today.l2 getting stronger

average daily volume about 400-500k.today 1.4m thats about the last 4 weeks trades in 4 hours.nice

talk on advfn guys off topic.matra/mta merger and 2 new drills high volume also today