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EXT - Excite Technology Services

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I just see a better investment in ERN.

$45m mkt cap to $150m mkt cap = 4 times my money; then to possible $300m valuation, 8 times my money.

$167m mkt cap to $300m mkt cap = 1.8 times my money.

Each $ has four times the potential power.
 
Very weak on low volume, so it not the new shareholders who got in cheap selling. It may be the fear of them selling that is driving the price down.
 
Volume has picked up so it is falling like a rock. This is what you get when directors issue shares at a deep discount.
 
insider said:
Most people would be feeling like this if they held EXT today->
Click to expand...

I finally pulled the pin on them today at a loss. Am kicking myself for holding this long. Still, will probably head north now that I have jumped out.
EXT is now on the black list.
 
the barry said:
I finally pulled the pin on them today at a loss. Am kicking myself for holding this long. Still, will probably head north now that I have jumped out.
EXT is now on the black list.
Click to expand...

For uranium stock, it is very strange as soon as I consider an ugly duck get ride of it in a hurry, it is just the beginning of process towards a beauty swan. I so many times that I feel it doesn't hurt anymore.
 
the barry said:
I finally pulled the pin on them today at a loss. Am kicking myself for holding this long. Still, will probably head north now that I have jumped out.
EXT is now on the black list.
Click to expand...

I sold My ext shares at a 25% loss and bought DYL to make an 80% gain... Just buy something that's not a WA project based company and you'll make money...
 
the barry said:
I finally pulled the pin on them today at a loss. Am kicking myself for holding this long. Still, will probably head north now that I have jumped out.
EXT is now on the black list.
Click to expand...

They call EXT day trader heaven... they keep the price down
 
Frustrating stock. Was in at 8c out at 13c prior to consolidation. Back in at 92c.

I am intending to hold as I still feel confident EXT will have its day again.
 
Don't forget that these guys paid a massive premium for the other 49% of Husab ($66m for something that has a tech val of less than $15m)

At $0.875, as it is trading at currently, this places the market cap of the company at over $160m!

IMO, I think this stock will correct in the short term, but has huge potential over the long term.
 
alphman

I think your calculator or mine is rooted.

"49% of Husab... that has a tech val of less than $15m"

lol - hope you get your fill
 
I also sold out yesterday ..at a loss ...!!
Got 'em coz ext has land next to bmn & after recent consolidation & listing on canadian market at years end....sorta thought they would start to go up with the market. Still too many shares on issue & recently 18 million @ 80cents!!

My other U308 shares go up nicely but ext go down.
So sold off & topped up on bmn, ern, & cfe
 

You made a wise decision... But I would have thrown PNN into the mix... I guess you won't be doing this anymore
 
Looks like a mass exodus from EXT i see. It has 180mill shares on issue and 10 mil options

@ 88cents its market value is

180+10 = 190mil *.88 = 167mil mkt cap

They need to prove up 167/12 = 14million pounds of u308 to justify this market cap. So far nothing has been proved up, so they got a lot of work to do to justify this mkt cap. Not to mention they have not specified any dates in which they start drilling. Grounds look very promising. If they don't start drilling soon, it could be a long wait for results, and in the meantime more impatient people will exit and we'll get comments like "I also sold out yesterday ..at a loss ...!!" ; "I sold My ext shares at a 25% loss ". The average ,reasonable human cannot stand waiting around with no results, and will sell at loss dragging price lower.

People like me and chris however have been patiently waiting on the sidelines and will go in like a hawk at the right time, but i'm biding my time as theres too long time lag between results.
 

They have been drilling however it was suspended on Rossing South in February due to difficulties with the RAB rig, this is to be changed out with an RC rig. http://www.kalahari-minerals.com/news/index.php

Other results are also in this report 29/3/07.
 
They have to get the rigs. They have to drill them. Then they have to send to labs for assay. Then they have to report. All in all another eight months till reasonable results from Husab south. Till then for holders!!

Why would you buy in Glenhaven knowing this?
 
The EPLs still seem highly prospective to me with some good historical drill results. I'm not sure why you're so negative on the drill rig situation Halba. They say the have sourced an RC rig and work should restart 'shortly' but no dates for arrival which is odd. Sounds like an easy way to claim delays. Plus they're after 2 more RC and 2 diamond drill rigs which should significantly up the program. Husab in general looks good to me. But for some reason the market is very negative on this. Is it just delays? Market cap too much for what they could potenatially have?
 

BIG delays kennas. I have word that not only they have to wait for the rigs to come on site, they are exporting the samples to Labs in Perth where they have to be assayed. This alone will take several months as the labs in Perth are also backed up.
 
A sad day for EXT shareholders with SP to a sinking to low of 81 cents

EXT $0.81 -$0.02 -2.41% $0.83 high and $0.80 low with 444,427 shares traded $363,891 17-Apr 16:10:35

The SP must be a reflection of the perception of the management running EXT!

What is alarming with the top 20 shareholders of which KALAHARI is now the top shareholder and no longer identifies the indirect holdings within KALAHARI of the EXT directors shareholdings!

EXT management took 100 million performance shares for keeping a gold mine operating for 12 months and which is no longer mining.
-- what $ value did they add to the company for their performance shares?

Management performance shares should be based upon stretched $ based performance objectives that adds value to the owners (shareholders).
-- lets make a point of not letting this happen again
-- this will be very difficult with EXT management's control of KALAHARI being the number one shareholder

I have been a long term EXT shareholder since early 2005 and compared to other U companies, EXT has been a flop thanks to the management - who else can we blame?

I do believe that EXT has the goods based upon their location, but when will management deliver and add value to this company.

The KALAHARI connection appears to be done for the benefit the KALAHARI shareholders of which our EXT management are also shareholders!

Please add your EXT criticism's to this forum
 

A quick disclaimer - I don't hold EXT and don't particularly intend at this point of time.

With all due respect, these sort of comments highlight the "abnormality" of this extreme bull market we are in. "Long term shareholder since early 2005"? Since when is 2 years long-term?

I agree with the general opinion about the 100 million performance shares - definitely has a nasty smell about it - but I've noticed in more than one thread that if a share price is not moving up or accelerating, the general wisdom is that management must be lacking.

I can remember buying shares in a company called Oxiana at 15c in 2000. Well over two years later they were still 15c. I sold late in 2003 at around 75c.

I agree that these companies that don't go anywhere in this current environment are frustrating when you have tied your capital up in them, but comments like this highlight to me how amazing the market has become over the last couple of years!!!

I get a bit worried about a whole new generation of investors/traders/speculators who expect a 50% return on their investment in a 2 month timeframe. What will happen to them when the market returns to a more normal state???
 
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