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During a phone conversation, nearly a year ago with chairman Bill Sheriff, we asked him whether his company was open to be taken over. At the time, Energy Metals traded for about one-quarter of its present market price. Sheriff snorted in response, “No way!” Asked at what price he would consider an offer, he answered, “At $20/share, maybe, but I doubt it.” For now, Energy Metals is safely below $20, but perhaps not much longer. Reid wrote that Energy Metals is making new all-time highs and that he foresees a potential toward the upper end of the stock’s trading channel – about C$15+ per share.
My takeover price for EMU is in the 30s if this flies over, if it doesn't, EMU will be in the 30s by EOY, at least.
Fabulous
I think I'll take a look at the charts this weekend.... it's in a huge channel and has been for some time now, but just want to check out the potential behind this break. It's been trading in the upper half of the chanel for some time now, very aggresive. This news, if it bears out, could take EMC into a new technical phase.
I got a feelin', way down deep inside. Oh yeah.
Also worth looking at the other U308's, the producers and succcessful fundraisers doing assays on good ground, in the group now.
fringe
Energy Metals in Exclusive Negotiations Regarding Potential Sale of Company
Friday May 18, 3:59 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 18, 2007 -- Energy Metals Corporation (Toronto:EMC.TO - News)(NYSE Arca:EMU) announces that it is in exclusive negotiations with respect to a potential sale of the company. No assurance can be given that the negotiations will be successful.
Best News Yet For EMU! -e-
Energy Metals Announces First Uranium Sales Agreement
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 1, 2007) - Energy Metals Corporation (TSX:EMC)(NYSE Arca:EMU) is pleased to announce that it has entered into a definitive agreement for the supply of uranium concentrate with a leading US nuclear utility. The contract covers the sale of 1,400,000 pounds of U3O8 for delivery over a six-year period beginning in 2010. The terms include market related pricing along with floor price protection.
Energy Metals Hobson/Palangana uranium project is scheduled to start production in 2008. At the EMC's fully licensed Hobson Uranium Processing Facility site in Texas, CCC Group Inc. of San Antonio has been awarded the contract for construction of new and renovated facilities. Mobilization and site specific safety training for their crews will begin next week. All baseline water quality wells are now installed at La Palangana and water quality sampling of these wells is ongoing. Ore delineation and development work continues with 5 drilling rigs.
In Wyoming where Energy Metals is preparing its properties for production in 2009-2010, baseline environmental studies of the Moore Ranch Project in the Powder River Basin are advancing along schedule. The completion of all site characterization programs is anticipated in August, 2007. Similarly, baseline environmental studies at the Antelope Project in the Great Divide Basin continue with completion of these studies scheduled for January, 2008. Ore delineation is ongoing at the Peterson Project (PRB) with three drilling rigs.
"I am very pleased that Energy Metals has entered into the first agreement with a major US utility to supply uranium. This agreement is a strong evidence of industry acknowledgement of our production schedule and capabilities. It is a clear sign that Energy Metals is ready to enter the league of uranium producers. The terms of the agreement will also allow Energy Metals to benefit from upward uranium price. This significant endorsement has demonstrated that we are on the right track of creating strong and long-term domestic uranium production centres in the United States," noted Paul Matysek, President and Chief Executive Office of Energy Metals Corporation.
Energy Metals Corporation is a NYSE Arca and TSX listed company focused on advancing its industry leading uranium property portfolio towards production in what is the world's largest uranium consumer market, the United States of America. Energy Metals Corporation has extensive advanced property holdings in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ recovery). This form of uranium mining was pioneered in Texas and Wyoming and utilizes oxygenated groundwater to dissolve the uranium in place and pump it to the surface through water wells. Energy Metals is currently developing the La Palangana uranium deposit and upgrading the Hobson Uranium Processing Plant in Texas for an anticipated 2008 production date. Energy Metals is also actively advancing other significant uranium properties in the States of Colorado, Utah, Nevada, Oregon and Arizona.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Energy Metals' actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at www.sedar.com and with the Securities and Exchange Commission available at www.sec.com.
Copyright (C) 2007 by Energy Metals Corporation. All rights reserved.
http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showTe...
fringe_remnant,
FWIW, plan on closing most of my short around 12.45, prior resistance since what was resistance typically becomes support. Did you do anything with EMU?
I better have a closer look -e-
I got short today at the close. Think the candlestick pattern today is a hanging man which is bearish. In addition, price trend is up while volume trend is down. This implies the EMU market is actually weak because short sellers are covering positions, causing a rally, and money is probably leaving the marketplace. Lastly, several negative divergences between EMU's momentum indicators and price. This usually resolves with price retracing. IMO, this would be a good place for longs to take a profit...
-e-,
I'm thinking it's ripe for a correction now to the prior high around 11.16. Mo seems to have turned the last three trading days...
Yep...
Took a look tonight after the close. It will roll over soon.
fringe
Sold entire position yesterday. Looking to get back in around EMU's 15-day SMA.
Nice Chart -e-
Nice board...
Here's my view of EMU FWIW...
Buying Time on Bottom Confiration
Denison Minws has turned the whole industry aorud on a dime today.
Yep. He Did It LOL -e-
Thought you'd like that. LOL
All the best
Funny - Talk About A SELL Signal LOL -e-
HUGE MOVE UNDERWAY -e-
Big, Big Volume Flag -e-
Breakout @ $10.76 First Trading Day of 2007 -e-
Kicking Out From a Tight Bollie Setup...
..riding the MA50 all the way.
fringe
I LIke the Way....
It's trading consistently now in the upper half of the ascending channel. I wouldn't be surprised to see EMC carve out a fresh one soon, in the New Year.
Re-Entry Time... $9.25 -e-
Nice eom.
WooHoo!
Thanks, Arctec
fringe
Energy Metals to List on NYSE Arca
NR-06-36
Vancouver, British Columbia, November 27, 2006: Energy Metals Corporation (TSE:EMC) is pleased to announce that its Board of Directors has unanimously voted to list on NYSE Arca, Inc. The company will begin trading on the NYSE Arca on November 29, 2006 under the symbol "EMU". The company's shares will continue to be listed and traded dually on the Toronto Stock Exchange under the symbol "EMC". The NYSE Group provides investors and traders a choice in the trading of listed stocks and a broader offering of functionality and flexibility than any other market. Increased liquidity, price discovery, speed, efficiency and tight spreads highlight the exchange's services. NYSE Arca is a choice that combines the best traits of current market structures with revolutionary technology. The result is a faster, more transparent, more consistent market. NYSE Arca also provides a fully automated, totally transparent opening auction and closing auction for all stocks. The NYSE Arca offers trading hours from 4am EST through 8pm EST offering an opportunity for foreign investors to conveniently trade in listed equities.
"By listing Energy Metals Corporation on NYSE Arca we have reached an important milestone in the recognition of the company's continuing growth. With this listing we will be reaching investors previously unavailable to us and will attain a greatly enhanced visibility within the worldwide investment community," stated Paul Matysek, President and CEO of Energy Metals Corporation. "Energy Metals Corporation is one of only two primary uranium companies listed within the NYSE Group and the only such listing on the NYSE Arca. We are proud to join the NYSE Arca and look forward to the opportunities presented by this listing."
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE: NYX) is a holding company that, through its subsidiaries, is a leading global multi-asset financial marketplace that operates multiple securities market centers, including the New York Stock Exchange (the "NYSE") and NYSE Arca (formerly known as the Archipelago Exchange, or Arca Ex(r), and the Pacific Exchange). Through these market centers, the NYSE Group is a leader in securities listings, market-information products and services, and offers a range of investment vehicles and order execution services.
The NYSE is the world's largest and most liquid equities market where customers can choose between the floor-based auction market and sub-second electronic trading. The NYSE provides a reliable, orderly and efficient marketplace where investors meet directly to buy and sell listed companies' common stock and other securities. On an average day, over 1.8 billion shares valued at more than $69 billion trade on the NYSE, where the total global market capitalization for its listed companies is $22.5 trillion.
NYSE Arca is the first open, all-electronic stock market in the United States enabling customers to trade equity securities, including those listed on NYSE Arca, the NYSE and other U.S. equities markets, and options products. NYSE Arca's trading platform links traders to multiple U.S. market centers where buyers and sellers meet directly in a highly-liquid electronic environment without intermediaries for fast order execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
About Energy Metals Corporation
Energy Metals Corporation
Energy Metals Corporation is a TSX-listed Canadian company focused on advancing its industry leading uranium property portfolio towards production in what is the world's largest uranium consumer market, the United States of America. Energy Metals has extensive advanced property holdings in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ recovery) along with one of the industry's leading and most experienced ISR technical teams led by Dr. Dennis Stover. This in-situ form of uranium mining was pioneered in Texas and Wyoming and utilizes oxygenated groundwater to dissolve the uranium in place and pump it to the surface through water wells. Energy Metals is currently developing the La Palangana uranium deposit and upgrading the Hobson Uranium Processing Plant in Texas for an anticipated 2008 production date. Energy Metals is also actively advancing other significant uranium properties in the States of Colorado, Utah, Nevada, Oregon and Arizona.
For further information, please contact:
Energy Metals Corporation
Paul Matysek, CEO and President: (604) 684-9007
Bill Sheriff, Chairman: (972) 333-2214
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Energy Metals' actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at www.sedar.com and with the Securities and Exchange Commission available at www.sec.com.
Nice Reversal and Re-Entry Today -e-
Topped Out -e-
Simply Amazing
Having gained the midpoint of the ascending channel... how much steam is left for the assault into the upper reaches?
fringe
This One has Strength -e-
Time for a Breather at $6.70 -e-
Nice Punch -e-
Re-Entry Opportunity Now Indicated
Stock is sitting on MA200 and turning over for a bounce. SAR is now coming sdown hard on the PPS and will force the issue.
Unfortunately a period of general decline has beset the thing.
I'll annotate the chart later, but a line drawn down through recent tops shows $6.00 as the price to beat and hold before any break could be considered.
I wouldn't be surprised if the stock was quite short.
fringe
Pfffft. BAIL! -e-
CMF & OBV
Check it out, link back. This will go, when it's ready. Soon.
fringe
Now She Runs From Here -e-
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