EME - Energy Metals

[Market Cap]

No one seems to be following this one here.

EME seems to have broken through the triangle formation recently and is up 10% today.

Energy Metals Limited (EME) is a uranium exploration company with two projects located in NT and six in WA.

Any thoughts?

 

[Market Cap]

It seems to be on the march again today. Broke through resistance at 2.40 and sitting on 2.50.

Volume for this stock is very low so very risky. Don't know much about the stock as I bought it purely based on chart when it broke out of triangle formation recently.

Please DYOR!

 

[Market Cap]

It's now sitting on 2.60 with very few sellers. Volume still low. I am hoping when volume picks up on this one this will go for a nice run.

Again, please DYOR! This one is purely speculative play for me as I am playing with the profit I made on DYL thanks to Jemma and the gang.

 

[Sean K]

Market cap of $64m might be steep for something that hasn't anything JORCed yet.

Good that it has Denison on board with 12% and their experience.

The Bigrlri JV with VUL looks promising esp that it's in NT. (interesting they say that VUL is a subsidiary of PDN - this transaction has not been completed - they are just name dropping here!) Some good drill results there, but the intercepts aren't very wide. This will be the first thing they get an inferred JORC with but could be a way off. The current drill program is designed to 'extend' the resource base, but they make no mention of time frames for the analysis and modelling.

Interesting, but not really compelling imo. Let's see the next results.

Looks to be generally going up and has had a ride along with the U phoria. Looks to be a bit of resistance here at $2.50, but not too much. Break above $2.25 was important, now support perhaps. Could push on to all time highs.

 

[Market Cap]

Thanks for your insight Kennas, not just for EME but also for your input on other threads. I have gained a lot of knowledge about charting from your postings.

I agree with you that the recent rise was due to current market sentiments on uranium stocks. Unlike few other uranium stocks I own, this is a ST trade for me purely based on charts, unless there is some announcement that will change my view on this stock.

 

[Market Cap]

Hitting all time high today. Volume still low.

 

[nizar]

Market cap of $64m might be steep for something that hasn't anything JORCed yet.

Yeh have you heard of that stock?
Ummm... wat is it called again?
You know the one.....
...With about $300mil market cap and hasnt JORCed anything as well...

Oh yeh!

Its called AGS .

 

[Sean K]

Yeh have you heard of that stock?
Ummm... wat is it called again?
You know the one.....
...With about $300mil market cap and hasnt JORCed anything as well...

Oh yeh!

Its called AGS .

Yes, I do remember something with that code... LOL. Different company's, different drill results, different locations, different JV partners, yada yada. Are you saying this could have a market cap of $300m, or that AGS is overvalued?

 

[nizar]

Yes, I do remember something with that code... LOL. Different company's, different drill results, different locations, different JV partners, yada yada. Are you saying this could have a market cap of $300m, or that AGS is overvalued?

A bit of both.
EMEs grades are just as good. Look at their announcements. JUst dont have the tonnage. But they got 3 rigs drilling. New resource estimate due 1Q 2007 should see that proven.

Funny thing is, im pretty sure if EMEs share price was 25c instead of $2.50, it wouldve flown to 50c on the back of those high grade results! :

 

[Rafa]

good point...
they need to do what BMN did...

not in on this one yet, cause i have no funds.
Thinking of selling SMM to fund this...

any thoughts on this?

 

[Sean K]

good point...
they need to do what BMN did...

not in on this one yet, cause i have no funds.
Thinking of selling SMM to fund this...

any thoughts on this?

Sell SMM just before they are due to produce another 6 x JORCs around Mt Isa.

Go and hock your girlfriends car first.

 

[nizar]

Agree that SMM has more upside in the short-term. This year.

But note that SMM market cap is about $560million compared to about $70million for EME.

Sell one of your dogs or something.

 

[Rafa]

thanks for the advice...
yeah, i know what you mean...

its hard to get out of anything, almost every stock is performing well, with the potentil of one announcement making them perform even better....

now i know what it is like to be a selector of the australian cricket team!

 

[Freeballinginawetsuit]

EME is teetering on another entry opportunity IMO, $3.10ish. Drilling results due out this quarter and their fundamentals and substantial holders speak volumes for this Company.

After a few months on the sidelines, posted a bid for tommorrows open at $3.10 (only 3000 shares but I'm a poor bugger). EME'S thinly traded so here's hoping they open weak and some numbat offloads a few.

EME's MC is miniscule considering their tenements and exploration locations .

 

[Sean K]

EME is teetering on another entry opportunity IMO, $3.10ish. Drilling results due out this quarter and their fundamentals and substantial holders speak volumes for this Company.

After a few months on the sidelines, posted a bid for tommorrows open at $3.10 (only 3000 shares but I'm a poor bugger). EME'S thinly traded so here's hoping they open weak and some numbat offloads a few.

EME's MC is miniscule considering their tenements and exploration locations .

I agree with $3.10. Looks like a good opportunity there. Damn, I wasn ´t following this close enough in Nov last year. What a great run it has had since breaking up at $2.25/50 ish....

 

[deftfear]

Why would you buy EME when you can buy JRL which has 10 M shares and 5 M options in EME (38% of total shareholdings)? Plus a few shares in URA and some other projects which may or may not have potential to add value to the company such as a JV with Newcrest.

At 31st of December it's NTA was $2.00 (according to the quarterly report) although since then they have sold some ura shares, exercised some options and EME's share price has come back a bit. Regardless JRL is trading at a significant discount to it's NTA at current values.

 

[Freeballinginawetsuit]

Well EME never reached support and bounced from a higher low. Sellers have nearly evaporated on abysmal volumes. Pretty much an untradeable share this one, tightly held with no selling volumes.

IMHO this one is going to come up trumps at Bilygri.....with the substantial holders getting in a barney .

 

[Freeballinginawetsuit]

Fin Review has a bit of dribble on a possable takeover by PDN of EME, tightly held and not only by PDN so it won't be a cakewalk!.

EME is testing $5 highs again today, wide spreads on the sell side as usual

 

[Freeballinginawetsuit]

EME consolidated in a tight spread for most of today's trading.... up 15 percent at close.

Very bullish ATM with punters having to chase down the wide spreads

 

[insider]

EME consolidated in a tight spread for most of today's trading.... up 15 percent at close.

Very bullish ATM with punters having to chase down the wide spreads

Go EME Go!!!!... I tipped this baby this month... GOOOO!!!!