EXT - Excite Technology Services

[IGO4IT]

a facts we have to consider that we may NOT get high concentrations levels from all holes drilled & tested. some of holes may have low concentrations & after drilling & minning costs it could become not feasable to drill.

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:

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.

& today's announcement:

The presence of uranium within the core has been confirmed by spectrometer.

So practically we have many variables here that time only can uncover for us. lab tests can be very helpful as a primary indications but the real test will be after the feasability study like production per years, how many years expected, etc....

I'm not an expert so my little research here could be inaccurate & obviously I'm more than happy if anyone can add or correct any of my info.

what i'm sure of is that we're doing things by the book & McIntyer is very capable but market now is not very hospitable to all commodoties due the current correction.

will soon be there & fundamentals will get us higher regardless of what the market mood is!

cheers,

 

[jemma]

Is anyone worried about the recent drop??

I am very worried that all the people who bought between 10-15 cents will be looking to dump if it can get back there. Chart wise looks awful, even with a good announcement unless there is 100 mill volume, this is going nowhere.

Anyone disagree?? :swear:

 

[IGO4IT]

Is anyone worried about the recent drop??

I am very worried that all the people who bought between 10-15 cents will be looking to dump if it can get back there. Chart wise looks awful, even with a good announcement unless there is 100 mill volume, this is going nowhere.

Anyone disagree?? :swear:

Jemma, all resources stocks are down, most resources stocks already broke their long term trend. Markets are looking good for a reversal soon & we have ann coming out in 5 weeks about samples of husab which are being tested in labs now, share price should be going really high before that ann.

 

[jemma]

I know ALL resources stocks are down, but I am talking about the psychology of the market here. Since it's long term uptrend has been smashed, my point is when it does get back in that ranhe 10-15 cents, is their any hope od going higher now???

The first drilling results will only be enough to stabilise it as they are initial samples only. Maybe the 2nd drilling samples will be te cataylst.

I am now very nervous holding this long term when it has no support at all.

Look on the decade long chart, it went back to 2 cents from 20 in one big collapse. This could happen again, who knows??

Also 987 mill shares on issue, has this any chance of going to 20-30 when there is to many shares around??

 

[jemma]

Sorry about the typing errors by the way, not concentrating.

 

[IGO4IT]

I know ALL resources stocks are down, but I am talking about the psychology of the market here. Since it's long term uptrend has been smashed, my point is when it does get back in that ranhe 10-15 cents, is their any hope od going higher now???

The first drilling results will only be enough to stabilise it as they are initial samples only. Maybe the 2nd drilling samples will be te cataylst.

I am now very nervous holding this long term when it has no support at all.

Look on the decade long chart, it went back to 2 cents from 20 in one big collapse. This could happen again, who knows??

Also 987 mill shares on issue, has this any chance of going to 20-30 when there is to many shares around??

I disagree that results from first samples will push back to 10-15 cents, market before gave it that price without news so logically with good news we should reach more than that. I would say at least 20c before news & depending on concentrations in samples or results it should go higher as well.

the idea here is basic, there was no fundemental reason to the current drop other than dynamics of buy & sell and/or the current market status. for me to lose money & sell in any stocks then their has to be a fundemental change to the worst...which didn't happen!

compare EXT with other prospect U miners & you'll realise that its the market pessimism that pushed all miners down below their long term trend & its not the fundementals. fundementals are still as strong as 1 month ago.

one would hope that market could get over current low & get back to 13-15c again with EXT as fundementals of both the 15c & 8.5c today are identical but then........this is the market, people will not put their money in unless its close to news as they want fast cash, being a long in prospect minning stocks you have to be patient & add on dips if you believe in the company you're holding.....or....sell & take your loss & come back when you feel comfortable (which is most likely when you see SP go back up again )

I have a word that I love to say all the time....do whatever you like....but DON'T be out when news come out!!!

cheers,

 

[jemma]

I disagree that results from first samples will push back to 10-15 cents, market before gave it that price without news so logically with good news we should reach more than that. I would say at least 20c before news & depending on concentrations in samples or results it should go higher as well.

the idea here is basic, there was no fundemental reason to the current drop other than dynamics of buy & sell and/or the current market status. for me to lose money & sell in any stocks then their has to be a fundemental change to the worst...which didn't happen!

compare EXT with other prospect U miners & you'll realise that its the market pessimism that pushed all miners down below their long term trend & its not the fundementals. fundementals are still as strong as 1 month ago.

one would hope that market could get over current low & get back to 13-15c again with EXT as fundementals of both the 15c & 8.5c today are identical but then........this is the market, people will not put their money in unless its close to news as they want fast cash, being a long in prospect minning stocks you have to be patient & add on dips if you believe in the company you're holding.....or....sell & take your loss & come back when you feel comfortable (which is most likely when you see SP go back up again )

I have a word that I love to say all the time....do whatever you like....but DON'T be out when news come out!!!

cheers,

Igo,

I appreciate your discussion here as I am a new member and find HC a waste of time. You state 20 cents BEFORE news???? How is this possible. Can it double before anything is released. Thinking about it, samples from first drill are due max 4 weeks time, but more likely 2 weeks.

So inside buying would be the go here. If it goes up in the next 2 weeks then it is a good sign I agree. You state they want fast cash and put money in before news. Well we are close to news and still 8.5 cents.

I believe it is the 2nd drill results that will make this really climb as they are at hard to get places.

You never answered me on the 900 mill shares on issue either!!

Someone globally, not Aust fund needs to take a BIG BIG stake here to soak up shares on issue. What are it's chances??

I am expecting it to hit mid 9's this week, what are your thoughts??

 

[IGO4IT]

You state 20 cents BEFORE news???? How is this possible. Can it double before anything is released. Thinking about it, samples from first drill are due max 4 weeks time, but more likely 2 weeks.

Yes, many traders are out there with many targets & timeframes to trade, some are volume traders (they just buy on high volume to catch whatever wave up), some are day traders (they catch whatever spike in price on whatever volume), some are short termers (few days trades, to buy before news & sell after), some are medium term (buy before news & sell in 6-12months) & of course the longs.

longs buy now, medium will buy next week after 10c, shorttermers will be 1 week before news (or on smell of news) & day traders & volume traders will come whenever volume occur. price spikes come with short/volume/day traders.

I believe that current drop is totally gold & market related & a correction to the upside will be pushed by longs & mediums in I would say 1-2 weeks, after that, on smell of news we should reach over 20c...this is IMO & never an advise to buy or sell.

I believe it is the 2nd drill results that will make this really climb as they are at hard to get places.

Sorry, I'm not getting your point here but I see that uranium market is short supplied massivily after India & china's expected future demand. any hint form FIRST sample of existense of U (& god forbid massivly) will get crowds gathering & everyone will hope for that 1 gram of U to come out as an increase in uranium price is expected.

basically, if first samples shows that u exist, new longs will be coming (inc. fin. institutes) to take part of "whatever" U will be mined. first sample standards will put a line of "expected future production of U" & will take EXT out of the U prospects lists to the "expected future U producers" & that's where I think we'll hit it big with first sample.

You never answered me on the 900 mill shares on issue either!!

Market cap is a logical discussion considering that we have reserves or current "logical" production rate that we can sort of try to estimate the amount of the metal produced over the life of the discovery & come out with a fundemental value per share.

I don't see any of the above applicable with EXT at all, we don't know the future production rate (for example is 900m shares good or bad if husab production is $10b worth?), once we get some concentrations details from samples & after a feasabilty study of all mines we can say if its impossible for EXT to be a billion dollar company or not, otherwise we're estimating failure for a company that we don't know how successful it will be!

Someone globally, not Aust fund needs to take a BIG BIG stake here to soak up shares on issue. What are it's chances??

RIO's rossing is 10km away, rossing expected production life 11 years from now (2018), they produce 7.7% of the world U needs. Could that mean RIO will look forward to capture a new producer that is 10km away with prospect massive production rates ...???? who knows.....is that a chance of a take over ?? :dance:

I am expecting it to hit mid 9's this week, what are your thoughts??

Lets see that week coming ahead, FTSE is up, DOW is up, US inflation figures that made all this fuss in the commodoties market ended up being lower that what they thought (0.02% instead of the previously annouced 0.03%). Gold spot & futures are up so I see an increase to probably early 9 c early in the week & we need volume....if volume comes in any time during next week then defenitely we'll be back to teens. the problem is everyone thinks that they would trust it again if its SP goes higher first, so it becomes the chicken & egg problem...which's first....do they trust EXT again & top up first or wait for SP to go higher first.......I'm personally topping up every day for last week & making sure that I"m not missing any low price at all...once we see real volume, I'm 100% positive everyone will have a share of the low the prices & the increase will come with a spike!

EXT is not a current producer of U, its currently a prospect producer & there are risks in having their share, logically we all should know that we should look out for managment & if they're doing things right to become a future producer, currently, we can tick yes on every rule in the book being done for EXT to be a major player in U game. Managment is very capable & we're walking on same path as PDN & others.

that's my

cheers,

 

[sam76]

A quality and balanced post IGO4IT - thanks

 

[champ2003]

The target alaskite intersected in HDD001 was found to be very weathered, pitted and leached, indicating corrosive ground water activity locally. The same body, intersected down dip in HDD002, was generally fresh and variably sulphidic (including copper sulphides), and displaying alteration patterns, such as smoky quartz, typical of uranium mineralisation within these deposit types. The presence of uranium within the core has been confirmed by spectrometer.

We have a winner here!! but market currently is not very happy with inflation, US interest rates, etc......

If Action doesn't start today (& I'm assuming to copy DOW will be higher action will be towards last 2 hours of the day) then it will have to be tomorrow!!

I have loads of EXT shares & hanging on to sell on $1+ after results of first hole comes out with decent concentrations.

GOOOO EXT!!!

cheers,,

Are you sure that we have a winner here? Can anyone comment on the corrosive ground water locally found on EXT's tenements as i'm not sure whether thats a good or bad thing?

Cheers!

 

[IGO4IT]

champ,

this is the complete part of the ann:

To date, three holes have been completed for approximately 1050 metres of coring. Drill holes HDD001 and HDD002 were drilled from the same collar position at 45 ° and 65 ° angles, while
HDD003 was collared 160 metres to the south.
All holes penetrated a hanging wall succession of quartz-biotite schists and dolomitic marbles, before cutting 80-110 metres of variably mineralised target alaskite and interfingering amphibolepyroxene schist (Khan Formation). The target alaskite intersected in HDD001 was found to be very weathered, pitted and leached, indicating corrosive ground water activity locally. The same body, intersected down dip in HDD002, was generally fresh and variably sulphidic (including copper sulphides), and displaying alteration patterns, such as smoky quartz, typical of uranium mineralisation within these deposit types. The presence of uranium within the core has been confirmed by spectrometer.

I still think a lab test result with details will be more useful than all these descriptions, these are more "visual" description to deposits collected not a chemical analysis to the contents of the deposits.

I'm NOT an expert, so anyone pls feel free to correct me.

cheers,

 

[champ2003]

Ok thanks IGO4IT,

It sounds interesting however I'm still a little uncertain about what it all means. I'll keep a look out for any fresh info on the topic though.

Cheers!

Champ2003

 

[jemma]

Igo,

Thanks for the excellent reply. When I am talking about the 2nd sample drilling about to start, I was just trying to point out this IMO is where the bread and butter lies, at hard to get areas that managment know are great areas. The 1st sample is just to make the market comfortable in confirming U is there.

Secondly the KEY to this stock is the following which you missed:

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).

From EXT's 10/4/05 ann......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.

As you point out it need bigger volume for the next move.

With the amount of shares on issue, the point I was making was it may hold the share down for the continual selling unless a fundie starts buying after results.

 

[IGO4IT]

Hi Jemma,

Interesting to have some posters now that can generate an interesting subjective discussion on EXT.

1 more fact I remembered:

The rule says the following:

"if a decrease in price appears on lower than 125% of average 30 days volume then its short termers-mediums who are selling (they don't want to wait holding until it goes up again) + shorts trying to short the stocks (BEARS). for us to consider any decrease to be a new long term value we need to have min. of 125% of volume/day traded on a decline"

currently, the most we seen on ANY day in the current dive was 63% of volume on 25/5/2006 when we hit 10.5m shares (EXT 30 days avg. vol. = 16.8m), which means 1 clear definte fact: longs didnot sell as yet!, they're still holding & waiting, which is a good sign, no substantial shareholders notice came out as well & no fundemental change at all.

going back to your question about a big taker to come & absorb all the running shares now that are making the SP go down. unfortunately, instos come ONLY on sideways charts, not on ups or downs!!!, those selling now will never stop selling, bears are there to make money on declining stocks, they short stocks & the further it goes down the more money they make....so yes, these guys selling now "MOSTLY" are NOT the owners of the shares, they're selling now because this is how they make money but sooner or later they MUST buy back all what they're selling now! look forward to that as they'll help our traditional volume/daytraders push the spike higher once price moves very fast to the upside, they'll be buying like crazy to cover their shorts & limit their losses as soon as a hint of a reversal will occur.

cheers,

 

[jemma]

IGO,

Thanks for the reply. Have you had a look at AEX yet. Highly speculative but worth a look. 3 billion inferred resources estimate for 5 cents, not bad!!

Anyway, back to EXT. I am only OK on charts, but my friend who is a master on charts and always gets it right, told me the maximum rebound price was 13 cents UNLESS a HUGE announcement came out changing fundamentals.

He advised me to sell into the next rally as he stated too many people have got caught out so when it goes up will be relievd to get their money back after being scared witless.

 

[IGO4IT]

IGO,

Thanks for the reply. Have you had a look at AEX yet. Highly speculative but worth a look. 3 billion inferred resources estimate for 5 cents, not bad!!

Anyway, back to EXT. I am only OK on charts, but my friend who is a master on charts and always gets it right, told me the maximum rebound price was 13 cents UNLESS a HUGE announcement came out changing fundamentals.

He advised me to sell into the next rally as he stated too many people have got caught out so when it goes up will be relievd to get their money back after being scared witless.

AEX: very nice stocks - managements needs to totally be changed & a brand new board hired for me to buy again. they keep making mistakes & never learn from them!! research on previous decisions made from managment & you'll know what I mean.

technically, our resistance is 15.5c....longs trying to get out....don't think so, they would've gone out already on 10-13c on the way down if theyr'e that scared!

This is a high risk share that if you bought already 2 years back you're still sitting on 400% profit if price is 8.5c, so I don't think this is the case. whoever bought on 11c+ was expecting to wait until annoucement come out.

I don't see anyone selling if price reaches 13c while we have 1 week for news!!.....would you?

 

[IGO4IT]

Here we go, started the day with 9c, currently 9.2c & BUY depth is filling up fast..... who mentioned bears covering their shorts as soon as they see price starting to go higher & longs adding to their position?

I'm looking forward for a fantastic week ahead

cheers,

 

[jemma]

Igo,

Great to see today's action and should finish 10 by end of week.

I only hold 800,000 shares, so small time here.

When it hits 10 I will relax a lot more.

PS I bought into DYL today, looking great after taking a dip to its 30 day moving average.

I wonder how far EXT can run on good news??

Anyway, I will be waiting for 2nd drill results, ann should come any day they have started.

 

[jet-r]

800,000 EXT shares worth over 70k. thats alot of money to me. I dont think I can sleep tight with that much money in a high volatile stock like this.

anyway. good luck.

Igo,

Great to see today's action and should finish 10 by end of week.

I only hold 800,000 shares, so small time here.

When it hits 10 I will relax a lot more.

PS I bought into DYL today, looking great after taking a dip to its 30 day moving average.

I wonder how far EXT can run on good news??

Anyway, I will be waiting for 2nd drill results, ann should come any day they have started.

 

[jemma]

Jet-R

I don't have fangs for nothing!!!!!!!!

I also held 3 million shares in AEX, but sold down recently as they will be heading lower soon on another wave of selling.

I expect he market tp be much lower in 1 month's time.