EXT - Excite Technology Services

[jemma]

Igo,

We are stuck now in no mans land, waiting waiting for confirmation.

I just hope the first announcement is enouh impetus to push it.

We know the following facts:

1. They have uranium. The first initial drill showed the presence of uranium within the core and has been confirmed by spectrometer.

2. The project is situated in a known uranium province strategically located between the Rossing uranium mine (Rio Tinto 68.6%), one of the world’s largest uranium mines, and the Langer Heinrich deposit, currently being developed by Paladin Resources.

3. PDN's Langer Heinrich contains Inferred Resources of 22.02Mt grading 0.07% containing 15,703t of U(3)O(8) at a 300ppm cut off grade. (quoted from their intial commencement ann. & they could have upgraded their production rates later on).

PDN estimated production was to be between (2000-4000 tonnes/year) for first 11 years. Now this is from EXT's 10/04/2006 annoucement:

Quote:
Recent spectrometer assays adjacent to the mineralized horizon have a peak value of 665 ppm equivalent uranium (eU), with higher values relating to zones of smokey quartz and biotite development. Secondary uranium oxide minerals (gummite) have also been observed.

4. No major shareholder has sold yet.

5. There has been some interesting trading to late as IGO pointed out such as: Time Price Volume Value

31/05/2006 03:20:19 0.096 1520000 145920.00
31/05/2006 03:20:19 0.096 100000 9600.00
31/05/2006 03:20:19 0.096 50000 4800.00
31/05/2006 03:20:19 0.095 210000 19950.00
31/05/2006 03:20:19 0.095 100000 9500.00
31/05/2006 03:20:19 0.095 19474 1850.03

6. News from assay results due any week now

7. There has been a UK insto buy in as a capital raisng at 4 cents

8. They have applied for 2 extra tenements which are due to be granted by August 2006 which will give them valuable extra drilling areas

9.They have gold and sale from that project is enough to totally fund their uranium interests

10. South West African country Naimibia is U friendly and no political hurdles exist.

11. Their position in between RIO and PDN make them a prime takeover target.

All this is enough to turn this speccie into something big.

IGO the suspense is building, it is like Augustus, the little kid stuck in the pipe in Charlie & the Chocolate Factory, soon it will blow one way or another.

 

[jemma]

Sorry,

I also forgot this key part of the info:

Corporate Synergy is nominated adviser and broker and Ambrian Partners joint broker to Kalahari, which has 49 per cent of the Husab project between Rio Tinto's long-standing Rossing uranium mine and Paladin Resources' Langer Heinrich uranium development project. The other 51 per cent of Husab is held by Aussie-listed Extract Resources, where Kalahari's formidable executive direct Peter McIntyre is on the board with a key stake.

Yes, that's right Peter McIntyre is also on the board of Kalahari. This means he has his life and soul on the line.

 

[jemma]

Igo,

The final question if you can answer it after going through all the fact is:

What are you expecting from the first 2 announcments to send the price skyrocketing???

Or do I go back to your first theory of the movement comes before the news and when the news comes out, it is ancillary??

 

[IGO4IT]

Igo,

The final question if you can answer it after going through all the fact is:

What are you expecting from the first 2 announcments to send the price skyrocketing???

Or do I go back to your first theory of the movement comes before the news and when the news comes out, it is ancillary??

Great post Jemma,

we have to see movement before the news. look at the chart I just posted & look at the WILLIAM %R indicator at the bottom (its slightly rissing but consistent for last week or so) then you'll realise that for the last few days since we started the current uptrend sales are lower than buys, which means current accumulations are in place.

I would personally keep a close eye on W %R indicator & the higher it goes the closer we get to the .......boom

but yeah, definetely I'm sticking to the before news hype story rather than a spike out of nowhere...unless....no one can smell news BEFORE it comes out (which never happened, ALWAYS some people smell news before its out ) & news come early, then a price spike out of no where is a chance then.

cheers,

 

[jemma]

Great post Jemma,

we have to see movement before the news. look at the chart I just posted & look at the WILLIAM %R indicator at the bottom (its slightly rissing but consistent for last week or so) then you'll realise that for the last few days since we started the current uptrend sales are lower than buys, which means current accumulations are in place.

I would personally keep a close eye on W %R indicator & the higher it goes the closer we get to the .......boom

but yeah, definetely I'm sticking to the before news hype story rather than a spike out of nowhere...unless....no one can smell news BEFORE it comes out (which never happened, ALWAYS some people smell news before its out ) & news come early, then a price spike out of no where is a chance then.

cheers,

After watching this stock for hours for weeks now, I awoke this morning with something coming into my head and i think it was IGO who first commented on it but it never sank in at the time.

Hae you noticed that on the buy side, the numbers are always thin and stay thin. Even when some big buyers come in, they get taken out in a blink and it gets pushed down again and again and again to 9.5 price.

BUT the sellers remain stacked to the ceiling all the time.

The when a large seller appears around 9.5-9.6 it gets taken out on market.

This is an observation after watching it and IGO, it goes back to your point accumulation is at hand NOW.

Someone does not want the buyer board stacked as it would create a buying frenzy and push it up too quickly, They want to soak for a while and get set.
Once they are set, it would not surprise me they remove all the sellers on the other side and whoosh she goes.

The next 2 weeks will confirm my theory. What do you think IGO???

 

[jemma]

They specifically remain stackd at 10.5 as this is a safe point to be for manipulators.

 

[IGO4IT]

Jemma,

I think you're becoming dangerous now you know too much

Adding 1.5m buy order in the depth will not help anyone achieve anything. buyer can't buy because "obviously" everyone will see his big order & take the price too high too fast (without the 1.5m buy order getting filled) & Sellers can't sell because 2 seconds after 1.5m buy order appears there will be few millions coming on same price as well & they withdraw their sell orders hoping for a spike & no one buys or sells on that price at all, if anything can happen...it will be a price spike! - which is NOT in buyers benefit AT ALL!

Most of those that are accumulating now CAN'T put their orders on BUY depth because they want to get more on cheap prices & guess what...most of those big sell orders on 10.5c are actually the buyers putting "imaginary" pressure on SP for weak & small holders to get confused & sell now on below 10c...

This is a big psychological game of who will break first, bulls with hopes future gains or bears with realistic low SP. I realised that big guys are getting in a week ago when 8.5c had no buys & no sales.......very low volume.....& once its gone up to 9c volume increased...it means 1 thing......the sell depth is rubbish... .... big boys had realised that they still have time to squeeze few millions more on 8.5-9c before automatically others will realise that this was the bottom & its too late & take all what's on special.

Accumulating few million shares on current sell depth under 10c is really a challange. Also a very important rule in a Poker game jemma is that you should never show your cards unless you have to!

cheers,

 

[IGO4IT]

They specifically remain stackd at 10.5 as this is a safe point to be for manipulators.

I would say 50-60% are buyers putting pressure on SP to buy more below 10c & rest are those hoping to get a return without taking the risk if run comes too early ...say next week. so they get their 10-20% return without taking any risk.

 

[jemma]

Igo,

I think you and I have cracked the matrix on EXT.

We can look through the superficial and see what is going on behind the surface.

I will watch eagerly for more clues next week on the execution of orders.

I think all those sell order will disappear very quickly when it starts to move and it will with the speed of light.

Can you comment on why they have not announced drilling on 2nd target???

Are they intending to put the second assay results together with the first and make one BIG anouncement on the results?? Hmmmm, that may have a bigger impact???

Igo, you and I make a good team here, thanks for interacting!!

:bekloppt:

 

[jemma]

Igo,

Every time I pick up the newspper, they talk about another big correction coming, so hopefully market can hold up for another 4 weeks. This will affect us otherwise.

I expect low volume now for another 2 weeks.

 

[IGO4IT]

Igo,

I think you and I have cracked the matrix on EXT.

We can look through the superficial and see what is going on behind the surface.

I will watch eagerly for more clues next week on the execution of orders.

I think all those sell order will disappear very quickly when it starts to move and it will with the speed of light.

Can you comment on why they have not announced drilling on 2nd target???

Are they intending to put the second assay results together with the first and make one BIG anouncement on the results?? Hmmmm, that may have a bigger impact???

Igo, you and I make a good team here, thanks for interacting!!

:bekloppt:

Hi Jemma,

If McIntyer is in Namibia now then I would assume we'll get some news soon about zone 2 drilling before mid month. last ann says that ground preparation is in place, which is good news!

its been a pleasure being a team with you on such a mysterious potential & I really hope it works out the same way we see it!

Int'l markets looked good & were slightly higher last friday & Metals are also imporving but not too much ...so I think XJO should have some action tomorrow.

cheers,

 

[IGO4IT]

Today is more of the same I guess. moving freely within the uptrend.

we also see some accumulation powers going on without any show on the buy depth, which means in my opinion that buyers are not full yet & still trying to get more below 10c.

I can see the 13c coming within 1 week to 2 weeks max, market had played the 1 day up/1 day down for almost 10 days after we had almost 5 days of downs 2 weeks ago, so I'm still waiting for few days up in a row to balance it off & i'm expecting 13c+ to be reached just on market increase if we'll have these few days up anytime soon.

cheers,

 

[dj_420]

Beggining to see much stronger buyer support, sellers are still stacked up but no longer are dominating sp. when is first drilling result actually due??

IMO we will see large amounts of movement similar to previous ann right before drillling was ann. Have you guys looked at AEX, already has inferred resource with much smaller amt of shares on issue.

Does anyone know typical costs of extracting uranium?? for example the cash costs of paladins or rios mines??

 

[IGO4IT]

Beggining to see much stronger buyer support, sellers are still stacked up but no longer are dominating sp. when is first drilling result actually due??

IMO we will see large amounts of movement similar to previous ann right before drillling was ann. Have you guys looked at AEX, already has inferred resource with much smaller amt of shares on issue.

Does anyone know typical costs of extracting uranium?? for example the cash costs of paladins or rios mines??

News are due end of June/early july. (1-2 weeks more or less should also be expected)

costs are subject to concentrations level in samples & what production levels we'll achieve, of course the higher the production rate the more expensive it will be. Feasability study is due after all samples are collected & tested & that's imo the only way we can predict costing.

AEX: Personally I don't like them for my own reasons but many consider it as an option with their current inferred resources but I see that they have their own risks.

cheers,

 

[nizar]

Does anyone know typical costs of extracting uranium?? for example the cash costs of paladins or rios mines??

Paladins cash costs at Langer Heinrich is us$12.50/lb

 

[jemma]

IGO,

Someone big keeps soaking just below the 10 cent bracket, as soon as they are full it will move to 13 cents and stop. Rest for a while before trying to go higher.

Cathy, read my reply on AEX thread, difference is MANAGEMENT.

IGO, things are heating up by next week, XJO will hold for us I think by end June.

 

[jemma]

Just for IGO,

Did you notice the seller dropped his last sales price to 9.9 to keep it under 10 cents on the close.

Yes you were right, someone is accumulating and my feeling is it's a big fish. How do I know this?? I went to buy another 20K at 9.6 at market last week and was taken out in a blink and then the priced was pushed down straight after I bought to stop other buyers being encouraged.

IGO, WE HAVE CRACKED THE MATRIX HERE!! :bath:

 

[IGO4IT]

1 more trick watch out for: big buys will ALWAYS be 2-3 price levels below current price...this is to gurantee that no one will "short you" & take price lower with them.

so practically, you can't short EXT because you dont know if price will be higher in 1 minute from now (since all buys are off the screen) & even that you could be scared & want out or may be you're short of cash...the buyer doesn't give you the chance to break even...you wait & sell on high (IF EVER!!!) OR sell now & lose & he/she will still take your stocks for lower price. So in that scenario, no one sells BIG & only those that need to sell urgently sell multiple small parcels on lower price & buyers get bargains & no one else can get. If you tried to share the fun with them & put a 500k order in, they'll disappear & you'll get scared & cancel your order because you'll have no back up

Today, 99c was taken out twice because buyers DON'T put their buy orders on 99c, if they put it in they won't get it filled! But if they keep it empty, they make sellers feel unsafe & once they put a BUY order with 200k on 99c someone feels smart & sells immediatly....can anyone get excited & take price higher to 10c?...no one!...they have no back up behind them until at least until 97c

I really enjoy watching depth & learn from it while working during the day! I'm almost positive that this is a fin. inst....too much confidence for an individual.

cheers,

 

[jemma]

I like the buy at 9.6 at 4.15pm to keep the trend going

Need Dow to hold tonight and if it goes up, we will crack 10 tomorrow.

 

[IGO4IT]

I like the buy at 9.6 at 4.15pm to keep the trend going

Need Dow to hold tonight and if it goes up, we will crack 10 tomorrow.

The DOW should behave & gain at least 50 points of its yesterday's loss!

William %R indicator is still rising to -64 which means that we're still selling but defenitely lower than last few days & buyers are still accumulating more & more.

cheers,