EXT - Excite Technology Services

well all i know is my criteria for quality management was met when i researched and bought and went long 1year ago.
Now im up over 110% for the year!

So if you bought at the top, well i see your discontent, but your time perseption is short and not long and its just a case of re adjusting your trading plan/style/stratergy.

This is a long stock for me and i buy what others throw away, which is usually at the bottom and i have been buying in the low 7's

a lot of people would have already made a lot of money of this stock. But from here i dont see a huge upside. they will have to sitting on an absolute mountain of u to be able to move sp considerably. 30 000 tonnes plus of medium grade u is what they need. anything less on a low grade and i dont see the sp budging.

- do they have almost 900 million shares on issue now??
- they have drilled only 400 metres
- they have drilled only 400 metres in 6 months
- they only have $2.5 million to continue exp (how long will that last)
- mgt have made some critical errors

MoMoney im not disagreeing that you have made significant gains on this stock. i would have liked to have bought in around 2-3 cents. but from here i dont see multibaggers happening. maybe if you bought in around 2 cents.

the u stocks i like now are the ones that have JORC deposits already and are drilling to increase tonnage. these ones will see the greatest exposure to a u shortage in 5-7 years time (apart from current producers).

does anyone out there have any positives on this stock??? im in red lost money but still am holding

MoMoney said:

if you were going to fork out over $2mill, would you want a little discount?

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Yes, you would want a discount but why discount from 7.2 c when you can discount from 15c. Are they in such a bad financial state? If you are that sure that you have loads of U why not wait for some drilling results and then sell?

I bought in at 7.6c in June to see it go to 11c in July and I am sorry I did not sell then. My only hope now is that whoever bought those shares, knows more then we are how much U they really have.

dj_420 said:

a lot of people would have already made a lot of money of this stock. But from here i dont see a huge upside. they will have to sitting on an absolute mountain of u to be able to move sp considerably. 30 000 tonnes plus of medium grade u is what they need. anything less on a low grade and i dont see the sp budging.

- do they have almost 900 million shares on issue now??
- they have drilled only 400 metres
- they have drilled only 400 metres in 6 months
- they only have $2.5 million to continue exp (how long will that last)
- mgt have made some critical errors

MoMoney im not disagreeing that you have made significant gains on this stock. i would have liked to have bought in around 2-3 cents. but from here i dont see multibaggers happening. maybe if you bought in around 2 cents.

the u stocks i like now are the ones that have JORC deposits already and are drilling to increase tonnage. these ones will see the greatest exposure to a u
shortage in 5-7 years time (apart from current producers).

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Agree, this stock is becoming a joke.
They wouldnt have to keep raising money if their gold operation was actually PROFITABLE.
And 400m in 6 months!!?? WTF??

Look at how fast EVE have got their JORC, only started drilling a few months ago (after EXT) and already a JORC resource estimate, which will probably be increased by the time EXT get upto 800m!

Mo Money - yeh patience is important. But EXT was 11c+ in april... why would u readjust your strategy for this dog, ooops i meant for this stock

Short term traders have already been out and long-term believers, ooops i meant investors, would be accumulating at these prices

IGOT4IT and JEMMA. I would really appreciate your thoughts

nizar said:

Agree, this stock is becoming a joke.
They wouldnt have to keep raising money if their gold operation was actually PROFITABLE.
And 400m in 6 months!!?? WTF??

Look at how fast EVE have got their JORC, only started drilling a few months ago (after EXT) and already a JORC resource estimate, which will probably be increased by the time EXT get upto 800m!

Mo Money - yeh patience is important. But EXT was 11c+ in april... why would u readjust your strategy for this dog, ooops i meant for this stock

Short term traders have already been out and long-term believers, ooops i meant investors, would be accumulating at these prices

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Gold operations is very expensive?....Yes....if anyone considered gold operations to be of any kind of help then you need to re-adjust your calculation skills.

No cash to keep driliing? drilling will need a lot of money & personally I wouldn't pay more than 6.5c if I was to get few million shares. big buyers need discounts!!!! Job had to be done easy or hard way, more cash is needed to keep going & someone thought of putting their money on the line with that little price........don't know if anyone here would have the same guts to do the same thing??!!!!!

Uranium is the key, current grades found are very good, gold is looking very bullish on short to medium term (refer to gold predictions in general).

End of story, this is a stock that could possibly move around decemeber.

Note: we should've been getting some results instead of the finance news, possibly the new grades results to come up within this week! just guessing, so they put bad news first & good news to come & wash up the effect of the bad news

also EXT has an EPL to be given any time now, that could give an extra push if & when given.

as for mining the grades they found.........big question mark here on who will they partner with to get the actual mining job done as mining has major expenses & some big move must happen then!!!

I'm still hiding my stocks for XMAS, if you're after a short term gain....defenitely look somewhere else...this one will be very tricky on short term.

do your own research & this is not a financial advise of course.

I think if you want a penny hopeful then AEX is a way better punt than EXT. AEX already has defined resource 11 000 tonnes of u and 2 500 000 ounces of gold.

insider said:

Hey... guys don't worry about it. The offer is to sophisticated investors... This means dudes that are stock brokers, own firms or have a portfolio of 2million dollars or more. They offer at a discounted price to attract investors. They're looking for long term investors not day traders like yourselves. Fact is this is more like a closed door kind of sale. As for the timing of the announcements, well they can't control the release times because the asx investigates that sort of crap. So hold on. But there are more husab updates on the way soon

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hmmm dont agree Insider...EXT only raised a crappy $2million with another whopping 37million shares..no sofisticated so called investors care about this one..i smell a rat sorry to say..

haha jemma.. werent you predicting an 11 cent break two weeks ago? So according to you this stock should be worth like 15 cents now.

Oh well. Ppl get it wrong. All the best with this stock for those who hold. I bailed shortly after i bought it lolz.

Alfredbra said:

IGOT4IT and JEMMA. I would really appreciate your thoughts

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bail out before they hit 2 cents

ill give it a go, already lost money dont really care anymore. I dont really care much about the short term as im looking really only at long term stocks here. However there are just so many out there also that do show alot of better potential than EXT, however i took a punt with this one at 8c a while back and am slightly under. I havnet been following this stock as closely as my others, as i dont have a great amount invested. who knows, this one could be a winner!

IGO4IT said:

Gold operations is very expensive?....Yes....if anyone considered gold operations to be of any kind of help then you need to re-adjust your calculation skills.

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IGO, i could name you about 100 companies in which their gold production is profitable. Why cant EXT be one of them. Not sure what u mean here.

But u must admit - 6 months to drill 400m is a bit slow

And u must admit - management havent been impressive the last couple of months. Even though u think todays announcement was bullish, the sp closed lower, which means that the market didnt think it is, and the market is what will ultimately decide the value of a company.

EPL has been a long long wait

The flow of news is just too long, traders dont like waiting, and in stocks where there are 800million odd shares, this is what happens. IGO did u see how long it took EVE from start of drilling until JORC estimate?

All you negative sheep here on the EXT can sell up your EXT's. I soaked up 1/10th of todays volume. Todays placement was done swiftly and was not a huge placement.Think management placed their cards well with announcement and this has only given me a more bullish outlook on this baby. Sell sheep because I have fact,EXT is going to fly soon.All the best.

nizar said:

IGO, i could name you about 100 companies in which their gold production is profitable. Why cant EXT be one of them. Not sure what u mean here.

But u must admit - 6 months to drill 400m is a bit slow

And u must admit - management havent been impressive the last couple of months. Even though u think todays announcement was bullish, the sp closed lower, which means that the market didnt think it is, and the market is what will ultimately decide the value of a company.

EPL has been a long long wait

The flow of news is just too long, traders dont like waiting, and in stocks where there are 800million odd shares, this is what happens. IGO did u see how long it took EVE from start of drilling until JORC estimate?

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Nizar,

I have the same idea like you that they should lift up their game& make their gold operations more profitable, the fact is .......up to this moment...they're not.

they mentioned on last qrtrly that they've paid for onsite accomodation ($2m) to lower accomodation expenses which possibly could be the reason for high cost/ounce. once again, we don't know the new figures of the current production cost/ounce AFTER introducting the new accomodation to see if it really gave us some savings or not!!!

I'm dealing with current facts with current info given to market, gold is not really profitable (price & qty wise) & game is all about uranium potential. same as any other uranium minor compnay, we could consider EXT to have no gold production until any news of new production costing is out & if we see its profitable for any reason then obviously that could be a change. but until then, we need to consider a "realistic" fact that gold production has no current value to EXT.

Management didn't really impress me lately starting the SPP withdrawal & I think that mining management should defenitely have great minds in mining strategies not financial strategies, defenitely whoever is the brain behind the finaincial side of EXT stuffed up few times in last few months.

once again, Uranium is on the rise (price/ounce wise) & every day we have new higher grades, if we even have management of gold or monkeys running the show, the grades found will do the talking & real mining capacity is what will determine the share price.

we're due for new grades news, mostly if new grades are good, then placement for such a pity qty will be forgotten easily.

I'm still convinced that EXT "could" be better medium term investment than short term....on short term its too volatile for me & its not the number of shares that made it that way.... its the misteriousness of the process that's making them a higher risk than others.....practically, no one knows what will happen next!

For those who can't sleep at night, I really think we're still on the same trading range, make sure you have a technical stop loss strictly below the trading range & you should be safe, actually the trading range is NOT rectangular, its uptrending but slowly, I can say that because lows reached are always HIGHER than ones reached before.

cheers,

johnno261 said:

All you negative sheep here on the EXT can sell up your EXT's. I soaked up 1/10th of todays volume. Todays placement was done swiftly and was not a huge placement.Think management placed their cards well with announcement and this has only given me a more bullish outlook on this baby. Sell sheep because I have fact,EXT is going to fly soon.All the best.

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goodluck to u johnno but as far as im concerned the only ones who did well are the ones at 2cents..once EXT get back to reality ur shares will be diluted at least 90% in the share cosolidation and then ur simply ......EXT announce this and that but facts are the company cant run coz the capitalisation is way to high..this baby hasnt got any cashflow and wont have for the foreseeable future except raising more cash thru massive share placements to who???sofisticated investors..what a joke..show me something positive and i will feel bullish.at the moment its bearish total

nizar said:

..
Look at how fast EVE have got their JORC, only started drilling a few months ago (after EXT) and already a JORC resource estimate, which will probably be increased by the time EXT get up to 800m!..

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All things being equal this would be a valid comparison. But they're not.
From 19/9/06 EVE: "Uranium mineralisation occurs in two sub-horizontal layers, and is of the style referred to as
sandstone-type uranium mineralisation.
• The mineralisation is mostly located within 50m of surface.
..vertical aircore holes.."
EVE's smallish deposit is suited to this type of shallow speed drilling. Good for them.

EXT are diamond coring, drilling moderate depth holes thru mixed metamorphic and granitic material - once thru the weathered zone drilling is going to be slow. Companies with less confidence in what they have will usually start with a cheaper & faster drill campaign, release results with the priviso 'indicative', and then follow up with diamond coring to get the best/reliable data for scoping studies etc (eg AGS). EXT have cut to the chase by diamond drilling & look to have a potentially sizable deposit - the geological set up & associations look pretty straight fwd. I agree the no. shares that are out there may be a negative, however I see lots of potential geologically & corporate wise for these guys (Rossing: Rio; PDN...)- add to that the U3O8 frenzy that the market is working itself into and there's plenty of scope for gain (and pain...).
My reading was that the hike in price we saw over the last few days up until announcement was anticipation of new results. We got a bit blind sided there - the results are still to come. Anyway, this time of yr is always slow...

petee said:

goodluck to u johnno but as far as im concerned the only ones who did well are the ones at 2cents..once EXT get back to reality ur shares will be diluted at least 90% in the share cosolidation and then ur simply ......EXT announce this and that but facts are the company cant run coz the capitalisation is way to high..this baby hasnt got any cashflow and wont have for the foreseeable future except raising more cash thru massive share placements to who???sofisticated investors..what a joke..show me something positive and i will feel bullish.at the moment its bearish total

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Petee what you have described here is exactly what a speculative stock is. Don't for a second act like your surprised they're not making money. AGS don't make money and their market captial pushed about 200 million a few weeks ago. Infact there are so many of these companies doing the same what makes you single this one out? Quite frankly the biggest problem with the forums is that it seems like some people just simply dump their frustrations out in a thread instead of providing conctructive thought.

There are still results to come out, wait till they do then cry in pain or joy or both. The 37million shares at 6.5 cents to sophisticated investors gives me more confidence in the company that they are looking into the future and will release an updated prospectus. It's a good thing.

I make my decisions based on logical and emotionless thinking and not on addictive natural chemicals my body makes. In other words no one should start saying the sky is falling whilst they can't explain how it never touches the ground. From 7 to 2 cents is a pretty big drop so please explain how that will come about? I got my information earlier from a simple phone call.

P.S. Don't take it personally

insider said:

Petee what you have described here is exactly what a speculative stock is. Don't for a second act like your surprised they're not making money. AGS don't make money and their market captial pushed about 200 million a few weeks ago. Infact there are so many of these companies doing the same what makes you single this one out? Quite frankly the biggest problem with the forums is that it seems like some people just simply dump their frustrations out in a thread instead of providing conctructive thought.

There are still results to come out, wait till they do then cry in pain or joy or both. The 37million shares at 6.5 cents to sophisticated investors gives me more confidence in the company that they are looking into the future and will release an updated prospectus. It's a good thing.

I make my decisions based on logical and emotionless thinking and not on addictive natural chemicals my body makes. In other words no one should start saying the sky is falling whilst they can't explain how it never touches the ground. From 7 to 2 cents is a pretty big drop so please explain how that will come about? I got my information earlier from a simple phone call.

P.S. Don't take it personally

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Honestly & I don't mean to ramp by any meaning whatsoever....this is 1 of the most logical posts I heard lately in here on EXT thread.

a free advise for those with little patience & get scared a lot.....use your money & open a convienience store better than trading stocks.

we play the game but we don't test its rules every time we play....there are logics, dreams & nightmares......mostly logics happen!

thanks insider for a balanced post.

its hardly & very unlikly for EXT to fall to 2c unless a major disastor happens......not by any chance solely based on regular day to day dynamics.

cheers,

i think he was trying to say, those who have held from 2c.

i couldnt foresee the sp drop to 2c either. i just like the look of other u companies at the moment.

cheers