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Crumpy,

Continued large buying today gives it another 10% gain.

Looks like Rossing South news is one day closer. Chart looks sweet also.

:cool:
 
"It should be noted that spectral radiometric assays remain provisional until chemical assays can be returned; due to extremely high demand levels for analytical services world wide, final chemical assays are
not expected for eight to twelve weeks."

... will look at buying at the lowest somewhere in July :p:
 
ChomChom said:
"It should be noted that spectral radiometric assays remain provisional until chemical assays can be returned; due to extremely high demand levels for analytical services world wide, final chemical assays are
not expected for eight to twelve weeks."

... will look at buying at the lowest somewhere in July :p:
Click to expand...

Chom,

You wish. This is being held down by a gorilla at the moment.

Once it crosses 1.25, it will be takeoff. Yes 8-12 week is the expected wait, but don't be surprised to see it earlier.

Huge volume today, a good sign, but a cap raising is due so you may get lucky here.:cool:
 
With the market starting to go crazy about Uranium I may have to get in a little sooner, +2.16% today, not so bad ;)
 
ChomChom said:
With the market starting to go crazy about Uranium I may have to get in a little sooner, +2.16% today, not so bad ;)
Click to expand...

Yes, that's what I mean, the U bull is here. It actually hit 1.25, so it is a matter of time before it surges.

All U stocks surging now, so the hot money will flood in over the next 4 weeks.

Keep a close eye on it Chom.
 
lioness' view seems to be supported by brokers too. At least that is what the Australian reported on may 19, "What the brokers say".

Extract Resources (EXT); Foster Stockbroking; Speculative Buy recommendation; Share price target of $1.50; Last traded at $1.16

FOSTER has put a speculative buy recommendation on Extract not just because of its tenements near the big Rossing uranium mine in Namibia. It is also because of the rising oil price, which has generated new interest in the uranium sector. Extract's Husab project in Namibia borders Rio's world-class Rossing mine and is just 25km to the west of Paladin's Langer Heinrich operation. "The area was previously explored by Anglo-American, which recorded strong readings but was abandoned due to the low uranium price at the time," Foster said in a note to clients on Friday. "Extract is currently drilling at Rossing South with very positive results from the spectral radiometric assays. The results remain provisional until the chemical assays are returned in coming months." As Foster also points out, British-based uranium company Niger Uranium recently took a 1.8 per cent stake in Kalahari Mineral, Extract's majority shareholder with a 36.2 per cent stake.
 
Golf 16 said:
lioness' view seems to be supported by brokers too. At least that is what the Australian reported on may 19, "What the brokers say".

Extract Resources (EXT); Foster Stockbroking; Speculative Buy recommendation; Share price target of $1.50; Last traded at $1.16

FOSTER has put a speculative buy recommendation on Extract not just because of its tenements near the big Rossing uranium mine in Namibia. It is also because of the rising oil price, which has generated new interest in the uranium sector. Extract's Husab project in Namibia borders Rio's world-class Rossing mine and is just 25km to the west of Paladin's Langer Heinrich operation. "The area was previously explored by Anglo-American, which recorded strong readings but was abandoned due to the low uranium price at the time," Foster said in a note to clients on Friday. "Extract is currently drilling at Rossing South with very positive results from the spectral radiometric assays. The results remain provisional until the chemical assays are returned in coming months." As Foster also points out, British-based uranium company Niger Uranium recently took a 1.8 per cent stake in Kalahari Mineral, Extract's majority shareholder with a 36.2 per cent stake.
Click to expand...

Golf,

Only a matter of time now, I expect in the next 3 months, U stocks to start moving strongly up, especialy with the price of oil going to $200 US.

Everyone will start surcing alternative energy supplies and U stocks will come back into flavour. Best to buy now and not when they have doubled already.;)
 
lioness said:
Golf,

Only a matter of time now, I expect in the next 3 months, U stocks to start moving strongly up, especialy with the price of oil going to $200 US.

Everyone will start surcing alternative energy supplies and U stocks will come back into flavour. Best to buy now and not when they have doubled already.;)
Click to expand...
While buying now may be a good long term opportunity, there is also the chance that the financial systems still have some dirt to expose and we will see another significant down move, taking everything with it. The U sector is also subject to Black Swan event trauma such as a nuclear fuel disaster which could take the entire sector into a long term down spiral which could take years to recover from. I suppose my point is that nothing is a sure thing and putting all eggs in one risky basket can be highly profitable, but also lead you to the 10th floor balcony...:2twocents
 
kennas said:
While buying now may be a good long term opportunity, there is also the chance that the financial systems still have some dirt to expose and we will see another significant down move, taking everything with it. The U sector is also subject to Black Swan event trauma such as a nuclear fuel disaster which could take the entire sector into a long term down spiral which could take years to recover from. I suppose my point is that nothing is a sure thing and putting all eggs in one risky basket can be highly profitable, but also lead you to the 10th floor balcony...:2twocents
Click to expand...

True Kennas, but that's what I have done, put everything in. Will either be mega rich or suicidal. Wish me luck.:eek:
 

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trading halt
any ideas anyone?
if anyone actually reads this thread
my first thoughts were a takeover offer...
note the recent rise, tho on small volume, but unusual given current market.
 

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Shag, that would be my assumption too. I'm UK based and suggest you watch for price action over in the UK when the UK markets open. Kalahari Minerals (KAH) over in the UK hold 39.11% of Extract shares. KAH price movement should give the best clue as to what is happening with EXT.
 
anyone onto the offer, i think its stingy, valuing ext at .99c, and ext share holders getting a company they don't necessarily want.:bs:

geez i was expecting a nice decent offer considering extracts good runs at times, and solid base at 90c.
 
from an initial sniff at the deal, it smells a bit like the directors of ext stiching up a cushy deal for themselves.
i guess they needed it to be presented too before it technicalloy became a takeunder, ie the post 1$ price holding for too long.
i can see value in ammalgamation, if they cut directors. but i don't want some dud cu and other metals company. plenty enough 'cheap' ones out there already.
also, remember agm was taken over this time last year, when the market was severly depressed. it was 60/70c, the offer was 110c.
 
ok up 30pc, massive turnover, surely someone has news
i've just noticed. is it kalahari or a new player?


needs more words, need more wordss, needs more wordss.
 
shag said:
ok up 30pc, massive turnover, surely someone has news
i've just noticed. is it kalahari or a new player?
Click to expand...
Significant move on EXT, but please keep a track of it's longer term performance.

I traded this regularly up until the share consolidation, but then I lost interest for some reason.

With all the outstanding results, look where it has gone, if you were a buy and holder, since 06:
 

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Had my eyes on this one for a a hell of a long time now. Its still trading in it's base though, so you're unlikely to see anything special.

But.....if it can ever break resistance and close above the 1.50 level, we may see another PDN. Hopefully while we're still young.

Regards
kam75
_____________________________
http://www.sharesmadeeasy.com
 
Currently SP EXT $1.14 +$0.215 +23.24% with high of $1.25 23,235,882 shares $27,778,118 @ 09-Sep 11:16:17
 

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