EXT - Excite Technology Services

[Mousie]

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???

Our job is to outperform the majority of shares/people. If a 50% ROI in a 2-month timeframe is the norm, get set. If a 50% ROI in a 2-year timeframe is the norm, get set too...those who fail to get adjusted will get stuffed - it's the law of the jungle :

 

[Brujo]

Our job is to outperform the majority of shares/people. If a 50% ROI in a 2-month timeframe is the norm, get set. If a 50% ROI in a 2-year timeframe is the norm, get set too...those who fail to get adjusted will get stuffed - it's the law of the jungle :

True, true. I should have said I worry "for" rather than "about" these investors.

 

[bigdog]

ASX ann today
20-04-2007 10:19 AM EXT Chairman Elected
http://www.asx.com.au/asxpdf/20070420/pdf/31211dnxzjdcjq.pdf

It is about time EXT management redirected their attention to finding U
-- for the past three months it would appear that managment seems to have been devoted to restructuring the company including for the benefit of management and Kalahari!
-- there appears to be little action in the field!

What have EXT been doing for the past two years in Namibia?

Ann includes the following paragraphs:
Under his stewardship the board and management of Extract are looking forward to accelerating the Company’s uranium projects to their full potential in as short a time frame as possible.

The ultimate objective for the Company is to define and develop uranium resources from its projects in Namibia. The first stage in this process is to focus on delineating a maiden resource from within the 10 kilometres of strike extent evident on the Ida deposit within the Husab project. It is anticipated that this first stage will be achieved within the next 8 to 12 months..

 

[Glenhaven]

Excellent run for a down day They are up 4c to 90c on what I would say was low turnover.

Must be something that is not generally known driving them.

 

[Punter]

Excellent run for a down day They are up 4c to 90c on what I would say was low turnover.

Must be something that is not generally known driving them.

Excellent run from 76 to 90. Thats a crazy run in a crap market for uranium stocks. Well done to holders(not me). One would think that its going up because of all those insiders buying. Ooo someone knows something????

 

[tibby]

Buying list on EXT looks a little different than in the past few months- 83c thru 85c shows some larger than normal orders including a 400,000 individual buy at 84c. Not a lot of resistance on selling side........anyone have any insight??

 

[tibby]

ext shows a single order of 500,000 at 84c, might serve as a good platform for a run tomorrow...if the order is still there at open!

 

[bigdog]

ASX ann June 13
13-06-2007 11:14 AM EXT Husab Uranium Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00729268

Yesterdays ANN has done nothing for the SP!!!!

The Company is pleased to provide a progress update for its Husab Uranium Project in Namibia
SUMMARY:
• The Company has commenced a scoping study on the Ida Dome Project, which will include a provisional plant design, capital and operating cost parameters, and key financial outputs
• Three (3) drill rigs are now working at Ida Dome, in what is a resource definition phase. A further two (2) rigs are expected in June, with a preliminary resource statement scheduled to be released by December 2007
• Husab license EPL3138 has successfully met the renewal criteria
• Ida East assay results continue to define strong zones of uranium mineralisation
• First ever drilling at Rossing South target intersects Rossing stratigraphy and confirms presence of uranium mineralisation

1. HUSAB URANIUM PROJECT
The Husab Project comprises of a number of priority uranium locations, including the Ida Dome and Hildenhof deposits, and the Rossing South exploration target. The Ida Dome is the most advanced project with 90 drill holes (including 60 historical holes) over various sections of the uranium
outcrop.

The Company has now commenced a programme of detailed resource drilling on the Ida Dome. In conjunction with this, the Company has commenced a scoping study on the project based on known project characteristics and a number of assumptions which will be tested over the next 6 months,
primarily from the resource drilling and mine designs.

The Namibian Ministry of Mines and Energy has recently renewed the northern license at Husab, EPL 3138, for a further period of two years, in accordance with the Mining Act.

READ FULL REPORT ON THE LINK

Uis Uranium Project
It is expected that Environmental Clearances for EPL’s 3327 and 3328 will be finalised shortly, allowing for field exploration to commence on these licenses.

 

[bigdog]

Not too many postings these days for EXT

ASX ANN today
19/07/2007 Uranium Projects Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00740342

The Company is pleased to provide an update on recent progress on the Husab Uranium Project and the Uis Uranium Project in Namibia.

SUMMARY

• Further zone of outcropping uranium mineralisation identified at New Camp Prospect through down hole gamma logging on one of the legacy Anglo holes at New Camp - intersection of 23.30 metres at 0.262 kg/t eU3O8 from 1 metre depth

• Accelerated programme of exploration and resource definition drilling underway at Ida Dome, with one RC rig and three diamond rigs now on site;

• Significant assay results continue to be returned from Ida Central;

• Spectrometer assays from initial drilling at Garnet Valley indicate broad zones of uranium mineralisation;

 

[bigdog]

Even fewer postings for EXT these days!!

31/08/2007 Rossing South Media Release
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00754662

MEDIA RELEASE 31st August 2007
Extract announces early positive uranium results at Rossing South

Extract Resources (ASX:EXT) is pleased to announce that results of scout drilling at Rossing South Prospect, has identified anomalous uranium in altered alaskitic granites over a width of 160 metres, and which remains open to the east and along strike to the north and south.

Assay results from a scout traverse across the inferred strike on the Rossing South target on the Husab Project in Namibia, have been received. A line of six (6) shallow holes has been drilled through approximately 40 metres of transported overburden and leached saprolite, to test the stratigraphy of the underlying bedrock. The holes were spaced at 80 metre centres and anomalous uranium has been returned from three consecutive holes. The three holes span 160 metres across strike, and the anomalous zone is open to the east, as well to the north and south along regional strike. The anomalous uranium is associated with zones of smoky quartz in altered leucogranite. All three holes recorded uranium values of at least 100 ppm U3O8, with a peak assay returned of 188 ppm U3O8 from the eastern most completed hole in the traverse.

The first ever drilling at Rossing South was aimed at identifying the Khan and Rossing Formation contact - an unconformity surface that has been preferentially exploited by the leucogranites containing primary uranium mineralisation at the Rossing Mine to the north and at Ida Dome to the south where the Company is currently resource drilling. The Rossing South target is interpreted as being an extension of the same stratigraphy that hosts the Rossing Mine, located 5 km to the north, and which strikes 15 km onto the Husab Project.
Extract Resources Managing Director, Peter McIntyre said that the company is very encouraged by these results. “Although at a very early stage of evaluation, we have been very encouraged by identifying the Rossing marble, but to intersect mineralised alaskite in the first line of drilling is considered highly significant,” Mr McIntyre said. “The results could represent the discovery of a new zone of granite hosted uranium mineralisation which is proximal to Rio Tinto’s Rossing Mine, and which has been concealed by barren cover. Further drilling of this zone will be conducted over the coming months and an orientation radon survey over the desert plain is also planned.”

 

[Sean K]

Even fewer postings for EXT these days!!

31/08/2007 Rossing South Media Release
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00754662

MEDIA RELEASE 31st August 2007
Extract announces early positive uranium results at Rossing South

Extract Resources (ASX:EXT) is pleased to announce that results of scout drilling at Rossing South Prospect, has identified anomalous uranium in altered alaskitic granites over a width of 160 metres, and which remains open to the east and along strike to the north and south.

Assay results from a scout traverse across the inferred strike on the Rossing South target on the Husab Project in Namibia, have been received. A line of six (6) shallow holes has been drilled through approximately 40 metres of transported overburden and leached saprolite, to test the stratigraphy of the underlying bedrock. The holes were spaced at 80 metre centres and anomalous uranium has been returned from three consecutive holes. The three holes span 160 metres across strike, and the anomalous zone is open to the east, as well to the north and south along regional strike. The anomalous uranium is associated with zones of smoky quartz in altered leucogranite. All three holes recorded uranium values of at least 100 ppm U3O8, with a peak assay returned of 188 ppm U3O8 from the eastern most completed hole in the traverse.

The first ever drilling at Rossing South was aimed at identifying the Khan and Rossing Formation contact - an unconformity surface that has been preferentially exploited by the leucogranites containing primary uranium mineralisation at the Rossing Mine to the north and at Ida Dome to the south where the Company is currently resource drilling. The Rossing South target is interpreted as being an extension of the same stratigraphy that hosts the Rossing Mine, located 5 km to the north, and which strikes 15 km onto the Husab Project.
Extract Resources Managing Director, Peter McIntyre said that the company is very encouraged by these results. “Although at a very early stage of evaluation, we have been very encouraged by identifying the Rossing marble, but to intersect mineralised alaskite in the first line of drilling is considered highly significant,” Mr McIntyre said. “The results could represent the discovery of a new zone of granite hosted uranium mineralisation which is proximal to Rio Tinto’s Rossing Mine, and which has been concealed by barren cover. Further drilling of this zone will be conducted over the coming months and an orientation radon survey over the desert plain is also planned.”

Perhaps not many people are posting because of this:

40 metres of transported overburden

All three holes recorded uranium values of at least 100 ppm U3O8, with a peak assay returned of 188 ppm U3O8

Can you name the great things for us? Happy to be directed to the positives....

 

[bigdog]

ASX ann and market did not respond this morning
SP EXT $0.65 $0.00 0.00% 41 shares $26 @ 04-Sep 10:20:00


EXT 10:10 AM Garnet Valley Progress Report
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00755903

Significant drill results from initial drilling at Garnet Valley on the Husab Uranium Project, Namibia

Extract Resources (ASX:EXT) is pleased to announce the assay results from the first 20 Reverse Circulation holes drilled at Garnet Valley on the Husab Uranium Project in Namibia and provide an update on further progress made on the Uis Project also in Namibia.

SUMMARY:
• Excellent assay results from initial RC drilling have been returned from the Garnet Valley area on the Ida Dome structure. These results represent the first drilling to have been completed in the Garnet Valley Prospect (formerly Anomaly “A”) since the late 1970’s. Significant new intersections include:
o 55 metres assaying 0.226 kg/t U3O8 (226 ppm)
o 23 metres assaying 0.365 kg/t U3O8 (365 ppm)
o 33 metres assaying 0.352 kg/t U3O8 (352 ppm)
o 24 metres assaying 0.255 kg/t U3O8 (255 ppm)
o 11 metres assaying 0.643 kg/t U3O8 (643 ppm)

• First holes intended to define the foot wall position only, with better results anticipated from hanging wall positions still to be drilled and/or assayed.

• Drilling continues at Garnet Valley with one RC rig and two diamond rigs on site. Additional drilling rigs have been secured and are expected to be on site to commence further drilling in October. A third diamond rig continues to operate at Ida Central.

• Airborne magnetic and radiometric surveys have been flown over EPL 3328 in the Uis Project area. Preliminary results show a strong uranium channel anomaly located in the south west of the license.

 

[bigdog]

ASX ANN
03/10/2007 Media Release - Divestment of Gold Asset
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00766065

The joke here is that the directors granted themselves 100 million bonus shares for opening the gold mine!

MEDIA RELEASE 3 October 2007
Extract divests gold assets for $6m value
Extract Resources (ASX: EXT) is pleased to advise that the company has completed divestment of the part-ownership in its Australian gold assets thereby enabling the Company to focus entirely on its rapidly developing uranium projects in Namibia.

Extract’s part-interest in both the Burnakura and Tuckabianna gold projects in the Murchison Region of Western Australia, are now under conditional sale agreements. As previously announced the Tuckabianna Project is under sale agreement with Silver Lake Resources which plans to list on the ASX in November; following that a Letter of Intent has been signed with ATW Ventures, a Toronto-listed company, for the sale of the Burnakura Project.

Subject to conditions being finalised for both transactions, the net realisable nominal value to Extract is A$6m incorporating cash, environmental bond replacement, shares and share options (in ATW).

Extract Resources Managing Director, Peter McIntyre said that the divestment is consistent with the Company’s strategy to focus on the Namibian uranium assets. “Our part-interest in these gold assets was non-core to our business plan, and the capital is better invested in our 100%-owned assets in Namibia, where our current objective is advancing the uranium projects through resource definition, and commencing a detailed feasibility study in the second half of 2008. We are very comfortable with the long-term outlook for the uranium market, and will continue to invest in the obvious potential of the Husab Project to establish the Company as a significant uranium producer.” Mr McIntyre said.

 

[bigdog]

ASX ANN today
03/10/2007 Annual Report to shareholders
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00766177

Annual accounts highlights:

__________________________________Economic Entity ______Parent Entity
----------------------------------------2007 ----2006 -------2007 ----2006
Administration and corporate costs (2,536,630) (188,793) (2,628,658) (64,696)
--- with no explanation in the notes for the 2.5 million cost for 2007 versus prior years and assume to restructure and Canadian listing where the SP has dropped!

Big losses continue!!
------------------------------------------------------2007 ------2006 -------2007 ------2006
Loss from continuing operations----------------- (5,328,930) (1,675,249) (7,063,783) (6,351,964)
Loss from discontinued operations -------------- (1,756,668) (4,710,433)
Loss attributable to members of the parent entity (7,085,598) (6,385,682) (7,063,783) (6,351,964)


They have cash in the bank YE 2007 from the issue of shares!
--------------------------------2007 -----2006 ------2007 -----2006
Cash and cash equivalents 10,911,097 1,219,111 10,315,013 1,217,283
-----------------------------------2007 -----2006 ------2007 -----2006
Proceeds from issue of shares 21,767,413 6,201,500 21,767,284 6,201,500

They have spent a heap of $
-------------------------------------------2007 -------2006 ------2007 ----2006
Payments to suppliers and employees (16,950,387) (6,237,138) (6,481,275) (518,729)

I have always been critical of the 100 million incentive shares issued to directors for "opening" the gold mine which is now closed and lost millions!! Had the shares been based upon performance measurables that added shareholder value; there would have been NO incentive shares issued. We were all robbed!

Remuneration Report includes:
This remuneration structure has been put in place in a previous period. As yet no formal process for checking the relationship of the remuneration policy with the Company’s performance exists. This assessment may be carried out in future years.

Why do we not fix this now?

 

[bigdog]

The EXT SP has been on the move in recent days!!

Anyone aware of what is happening?

Today currently +$0.13 +19.40%

EXT $0.80 +$0.13 +19.40% 198,610 shares $140,606 @ 11-Oct 10:31:52

Date........... Close.. Volume
10-Oct-2007 0.6700 384,153
09-Oct-2007 0.5850 222,140
08-Oct-2007 0.6250 97,150
05-Oct-2007 0.5400 88,650
04-Oct-2007 0.5450 235,060

 

[bigdog]

ASX ANN today

11/10/2007 TSX Listing Date
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00768688

MEDIA RELEASE 11 October 2007

Extract to list on the Toronto Stock Exchange on 24th October

Extract Resources Ltd (Extract) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the listing of Extract’s ordinary shares, to be effective from Monday 22nd 2007.

Extract will maintain its existing listing on the Australian Stock Exchange (ASX) as its primary listing. The stock symbol for Extract’s ordinary shares is the same for both the TSX and the ASX – namely ‘EXT’.

 

[bigdog]

ASX amendment issued to correct date - Who was the proof reader?

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00768718

Extract to list on the Toronto Stock Exchange on 22th October
Extract Resources Ltd (Extract) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the listing of Extract’s ordinary shares, to be effective from Monday 22nd October 2007.

 

[bigdog]

EXT SP is on the move to 0.91 from 0.540 on October 5

Current SP today for EXT $0.91 +$0.09 +10.98% 606,845 shares $540,058 @ 16-Oct 12:16:09

Speeding ticket was issued October 11

Date…...... Close Volume
15-Oct-07 0.820 1,154,929
12-Oct-07 0.765 339,384
11-Oct-07 0.730 712,580
10-Oct-07 0.670 384,153
09-Oct-07 0.585 222,140
08-Oct-07 0.625 97,150
05-Oct-07 0.540 88,650

 

[bigdog]

ASX ANN today

What are the opinions of test results?

EXT $1.01 +$0.03 +3.06% with high of $1.05 2,533,027 shares $2,530,986 @ 18-Oct 12:06:15

EXT SP has been on VG increase since 0.540 on October 5

EXT 11:26 AM New Results Garnet Valley Husab Exploration
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00771118

Positive exploration results continue at Garnet Valley on the Husab Uranium Project, Namibia

Extract Resources (ASX:EXT) is pleased to announce an update on the resource drilling program currently underway at Garnet Valley on the Husab Uranium Project in Namibia.

SUMMARY:
• Results from the first of the Garnet Valley diamond holes, designed to test the depth extensions to the shallow uranium mineralization previously reported from Reverse Circulation drilling, has confirmed multiple ore zones, with a bulked-out assayed intersection of 105m @ 0.191 kg/t (191 ppm), including zones of;
o 10 metres assaying 0.377 kg/t U3O8 (377 ppm)
o 31 metres assaying 0.346 kg/t U3O8 (346 ppm)

together with a deeper zone which assayed;
o 19 metres assaying 0.263 kg/t U3O8 (263 ppm)

• Down-hole spectral logging of a number of RC holes has reported excellent zones of uranium mineralisation, including:
o 35 metres @ 0.521 kg/t eU3O8 (521 ppm)
o 27 metres @ 0.494 kg/t eU3O8 (494 ppm)
o 31 metres @ 0.402 kg/t eU3O8 (402 ppm)
o 23 metres @ 0.336 kg/t eU3O8 (336 ppm)
o 22 metres @ 0.360 kg/t eU3O8 (360 ppm)
o 52 metres @ 0.164 kg/t eU3O8 (164 ppm)

• Over 2 kilometers of mineralized strike has now been confirmed within the Upper and Lower Garnet Valley, and drilling continues to extend the mineralized zone.

This report is the first since last updates
04/09/2007 Garnet Valley Progress Report
31/08/2007 Rossing South Media Release

 

[shag]

trading halt, guess we'll see if its good or bad in a hour or so.
makes things interesting anyway, esp. after yesterdays annoucement and sp moves.

i see kennas you arn't too flash on extract, i only threw a bit of cash at them as fat profits gave a story on them yesterday plus to make things a bit more interesting...
maybe should have got more bmn instead...