Australian (ASX) Stock Market Forum

EXT - Excite Technology Services

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jemma said:
Paladin produces nothing as well at the moment at is $4.60

BMN hasn't drilled a hole and is $1.24

That is why EXT is worth a lot more, look at the grades.
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Hey hey dont bag BMN's share price. I bought your attention to them and no one was interested. They are 1.24 because they have less shares on issue and look like their potential deposits could be huge. They have a better % owning in their tenements also.

Now back onto EXT and where it can go. I believe it can go to 20 cents over a 6 month period. Market sentiment towards the stock is causing it not to rise atm. As long as they keep getting good grades and continue to map out the resource its looking in good shape.
 
How does ext measure up?

Todays The Australian:
Grade school
CRITERION
Tim Boreham
September 29, 2006

http://www.theaustralian.news.com.au/story/0,20867,20494254-23634,00.html

Paragraphs reported:
So how do punters sort the yellowcake from the chaff? Grigor suggests a decent deposit needs to be at least 5000 tonnes, at a grade of at least 0.07 per cent uranium oxide. On his reckoning, eight of the 17 emerging producers are dealing with grades below 0.05 per cent.

Market cap is also a handy ready reckoner. Most stocks valued at under $20 million are a value punt, but anything over $50 million needs more than blue sky to justify the valuation.

For instance, Bannerman Resources (BMN, $1.24) has reported exciting Namibian drilling results, but should the stock be valued at $75 million?

Compass Resources (CMR, $4.89) has a market cap of $600 million but only a low-grade resource of 4000 tonnes at Mt Fitch in the NT. To be fair, Compass also has its Brown's Oxide base metals project, which muddies the valuation.

In terms of "speculative buy" prospects, Criterion prefers those with some hope of production or a half-decent deposit.

Paladin Resources (PDN, $4.74) is in the throes of commissioning its Langer Heinrich deposit in Namibia, with eventual planned output of 2.6 million pounds. The first shipment is due in early 2007. Paladin also plans to develop its 13,000 tonne Kayelekera deposit (northern Malawi), with full operations planned for 2008.

Summit Resources (SMM, $1.53) has a nice 12,800 tonne deposit in northern Queensland, but an obstacle in the form of a re-elected state Labor Government. We say HOLD for a longer-term punt that Premier Peter Beattie turns to uranium policy after tackling health, water and the next photo op.

Marathon also deserves a nod because it looks like Crosby will have to improve its 68c a share offer to gain control.
 
jemma said:
I dont post here anymore as I am sick of people attacking me.

I have heaps of news as I speak with Peter Mac all the time. In fact I am meeting with him at the next broker presentation.

I know more than enough so will post in December when things warm up.

BUT for now will only state this:

1. EPLs coming soon
2. Next drilling results due in next 2 weeks
3. Wait to see who the sophisicated investors are (this is the key)
4. Peter Mac going os to London and Toronto in discussions with instos.
5. Drilling campaign about to get serious now they have the funds
6. Look at FORSYS Valencia deposit, that company is now 2.25 (next door)

I am not replying to anyone so all the best to everyone who stick long term.

Whiners please sell and look elsewhere for profit.
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Is it December already?
 
bigdog said:
Market cap is also a handy ready reckoner. Most stocks valued at under $20 million are a value punt, but anything over $50 million needs more than blue sky to justify the valuation.

For instance, Bannerman Resources (BMN, $1.24) has reported exciting Namibian drilling results, but should the stock be valued at $75 million?
Click to expand...

Poor guy. He's obviously missed out on BMN. Anyone got his phone number? I should give him a call because they will keep going up. I think there is plenty blue sky for BMN. He Probably missed out on Paladin also. Would of thought there was no blue sky for them too in the beginning.

Extract will come good as drilling continues. I'm going to top up eventually. In reality Extract holders should want Bannerman to fire. Market interest and sentiment towards Uranium in Namibia is in full swing. If Bannerman are another Paladin the Extract SP will also be influenced. Extract also have a prime location and look to have a good resource. If they do get granted their new EPL and continue to find more uranium the price wont stay as it is. You can already factor in the later on what I mentioned. The will surely continue to find more uranium.
 
$0.072 looks to be a pretty solid support area for this, although if if goes below it could go freefall. Seems to be a pretty good trade at these levels.
 

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i have jumped in today.

not a massive order.

$1300 is a cheeky flutter at this one.

may the asx gods be in my hands
 
predictions for this guys.

from those who have been following the stock what are we waiting for on this one?

time frames etc? I am not a day trader. So dont mind the volatility of it. As i will be there at the end, good or bad!
 
Ken said:
http://asx.com.au/asxpdf/20060929/pdf/3yrkrxbvg6yvd.pdf

does this mean that they have received extra funding and have sold part of the company at 6.5 cents a unit.

Will this mean share price will drop to 6.5 cents? either way time will tell and if it does we will all be smiling. :)
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Doesn't mean it'll drop to this price. It's set to attract the 'sophisicated' investors. It's diluting the value of the company slightly.

$0.07 is a critical level for EXT. Through that and it's all the way to $0.03. There would be quite a few stop loss orders set around $0.065 I reckon.

Generally lower highs coming to a point in the next few days/weeks spells a critical time. Needs some good news out of Husab.
 

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Why do a placement and let it collapse??

What type of sophisicated investors do you think they have on the register??

Come on, just shaking the tree here before lift off.

Go back to the fundamental grades they keep releasing. They are on the way to proving up a mineable resource here.

Be patient, but agreed next week is critical.
 
Ken said:
well the graph doesnt look too good.

what program do you use for that?
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It's just a chart off Bigcharts. http://bigcharts.marketwatch.com/

Then save as bitmap, and then open with paint, and draw lines and stuff on it. Not very sophisticated, but I like doing these manually. It's the artist in me... :)

And, no the chart isn't that hot, but it does seem $0.07 is good support for some reason. Needs to start making some higher highs to be in an upward trajectory. However, like all U explorers just one great ann and this could do anything.

Check out their web site for more info:

http://www.extres.com.au/

As you would see, good news has actually been presented recently but didn't really help the sp much...weird.

Once they get enough holes drilled at Husab for a JORC resource, will be interesting time for EXT.

Jemma, when does Peter Mc reckon that'll happen? Is there a time frame?
 
jemma said:
Grow some nuts kennas and hang in there.
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Yes, Jemma.

EXT is still on my shopping list. Just waiting for some upward trend. Unlike you, I didn't buy this at $0.03, and I have other irons in the fire.
 
Better results. Uranium spot goes to $60.00. General commodities keep recovering. You buy it up to $0.15....he, he.
 

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