Emmerson Share Discussion Threads

[vosene] 13/1/2011 11:27

barryrog, I see Polo and EML as two peas in a pod. They are trading platforms for Dattels, waiting for the right opportunity to come along. Then when it does you find you have invested in a company running a 1 or 2 share portfolio. Sometimes this is profitable (Kalahari/Extract) and sometimes it drags on painfully (CDN/GCM). Although they make money I think it's a suboptimal business model when you compare it to Anglo Pacific or Red Rock Resources. Both have fingers in many pies and use virtually all company funds rather than sitting on them. APF in particular are a marvel - a ten bagger in 7 years whilst also returning enough dividend to be worthy of a high yield portfolio on occasion.
I'm afraid the business model here is just not as good, and riskier, though you should still make money.

[barryrog] 13/1/2011 11:13

i'm somewhat miffed that EML have not made an announcement re the cash pile they have been sitting on for some time.

[plunge] 06/1/2011 22:17

Spot uranium now over US$65.



It looks like Dattels and Mellon may have been too hasty in bailing out

[kerrie3] 05/1/2011 00:00

could well be an update on the uranium activity this week.

[barryrog] 31/12/2010 10:34

hi pip,
i didn't realise they had sold the option.
i wonder if they are gonna stock pile given the increasing price of uranium.

[pip_uk] 31/12/2010 09:04

ubsequent Events - Acquisition and Option over Uranium Concentrates

On the 12th November 2010, the Company announced that it had contracted for the
physical delivery of 25,000 lbs triuranium octocide ("U3O8") and had entered
into an option agreement for the physical delivery of a further 200,000 lbs
U3O8.

The physical delivery contract is priced at US$58.00 for each pound of U3O8
delivered and is in respect of 25,000 lbs of U3O8. Delivery to a conversion
facility in Canada is due on 17th January 2011 with cash payment (equivalent to
GBP898,723 at GBP/US$1.6134) by no later than 18th January 2011.

The option contract is in respect of 200,000 lbs U3O8 for physical delivery by
book transfer at a designated facility and expires on 31st January 2011. An
option premium of US$500,000 (equivalent to GBP309,905 at GBP/US$ 1.6134) was paid
on the 17th November 2010 and the additional option strike price is US$59.00
per pound U3O8, or a total US$11,800,000 (equivalent to GBP7,313,747 at GBP/US$
1.6134).

The Director's made the decision to sell the option in respect of 200,000 lbs
of U3O8 on the 30th November 2010 at a bid price of US$3.00 for settlement on
the 15th December 2010, generating a net US$100,000 profit on the sale.
As you can see they have sold the option contract for the 200000lbs U308.
But I assume they still own the 25000lbs physical U308.

[barryrog] 31/12/2010 07:39

i still think this will come good in January.
the uranium price is now well above the acquisition/option prices re the November contracts and i am expecting an update any day.
they may well not take delivery and just bank the profit - we shall see.

[skyship] 30/12/2010 16:54

kristini - see the results of 24th December in the header above. 2.71p/share at the last count to 30th Sept.

A 12% premium for this quality of management is pretty good value - though admittedly not the value it was when they persistently traded at a discount earlier this year!

[kristini2] 30/12/2010 16:45

anyone, what is the cash position?

[pip_uk] 29/12/2010 14:55

Agree with that Jimbo, it certainly needs that sort of positive news to get things moving.As Skyship says Dattels & Mellon are traders, so they should get trading and give us share holders some confidence in their abilities to bring value here.

[jimbo55] 29/12/2010 14:42

It'll only have legs when the gang invest in something, pip_uk. I believe they still have 25,000lbs of U308, which helps, but we really do need to see a serious investment in something else going forwards, for this to be seen as anything other than a cash shell with a bit of Uranium on the side.

[pip_uk] 29/12/2010 13:19

Just added but showing as a sell on ADVFN.
I think that the sells that are being shown are most likely buys.
Should have legs I hope seeing that various metal prices are seen to be strong in 2011.

[skyship] 24/12/2010 09:59

Interims today show NAV update @ 2.71p (slightly lower) and the rapid sale of the U308 option:

"Due to the U308 market stalling faster than anticipated due to year end profit taking the Director's made the decision to sell the above mentioned options on the 30 November 2010 at a bid price of US$3.00 for settlement on the 15 December 2010 generating a net US$100,000 profit on the sale."

Perhaps a tad disappointing, but Dattels & Mellon are traders - if they believe it worth banking a quick turn, who are we to disagree?

Will look now to buy in again on any weakness toward 3.0p....

[dick grasso] 21/12/2010 10:01

barry, i agree! real spread 7.9% for 100k both sides!

[barryrog] 21/12/2010 09:53

the formal spread is now 12% - total imbiciles!

[hoveactually] 21/12/2010 08:31

well i've just added 80k at 3.35p.
the Chinese are sending the uranium price soaring now making the deal struck in November very lucrative.
i agree the formal spread is offputting though, i cannot see why they don't make it 3.30p/3.40p and create a market in the shares.

[dick grasso] 21/12/2010 08:19

You can trade both sides well within the spread Kerrie, think yesterday was around 3.35/3.4 though not looked today!

[dick grasso] 20/12/2010 16:08

Thanks for the link c2! the good old chinese driving growth once again!

[contrarian2investor] 20/12/2010 15:54

Hi all,

An article that might be of interest:

DECEMBER 17, 2010.Uranium Investors Enriched by China .



c2i

[dick grasso] 20/12/2010 15:07

eml are a bit left out today following a good rise in a couple of the other Uranium focused companies!

[owdbuffer] 19/12/2010 15:43

What are you guys predictions on where the share price is going in the next 3 6 12 months?

There is a distinct possibility of an early rise in the share price based on Fourier Analysis but a fall cannot be entirely ruled out of the equation when the modified Leibnitz Theorem is carried to its logical conclusion. Probably!

Using the more sophisticated method of sea weed observation (known to some as the Leningrad Eyeball) we see the probability of wet weather ahead which is normally not a good sign for uranium oxide as it tends to go off and pong when it gets wet, so the converse is likely to be true.

Me? I just buy them when they look cheap then sell them if they rise, as I did this week, but technical analysis is a wonderful thing.

Hope that helps.

[share_cruise] 17/12/2010 20:07

Hi been watching this share recently and what attracted me was Bruce Rowans recent investment at just under 2p

Anyone know if EML are looking to acquire any more stock piles in the near future?

What are you guys predictions on where the share price is going in the next 3 6 12 months?

Regards

[barryrog] 17/12/2010 09:40

by definition mms are there to make a market in the shares.
if they narrowed the spread they might actually fulfil their 'raison d'etre' and generate some interest.

[dick grasso] 16/12/2010 12:34

Bit of selling on yesterdays rise! not surprising, I expect to here an update on the uranium deal soon!