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Announcement due today about resources or maybe next week might be a good time to release.

no volume all week.............waiting waiting............
 
Crumpy said:
Announcement due today about resources or maybe next week might be a good time to release.

no volume all week.............waiting waiting............
Click to expand...

If resource estimate comes in more than 30 mill pounds we will see 1.50 cleared.

Also more drilling results are expected and as the top 20 own 80% of the stock, the fuked market is having no effect on EXT.

It looks bullet proof at the moment due to only 20 million tradeable shares left. Also someone keeps buying round lots of 30K all day every day.

 
I'm sure the 30 mil will be passed with the inclusion of the latest results.

Also the top 20 only hold 73.43 as at 18/2/08 (unless I missed something) so that would make tradeable shares of about 50 mil. But none the less held very strongly by the top twenty and some have been increasing their stake as of late.

Some more good drilling results along with resources estimate upgrade I think it can push beyond the 1.50 mark. Uranium is starting to get some attention again and might help out the sector............fingers crossed....
 

Crumpy, what is your price target if 1.50 is passed and yes you are correct with the top 20 percentage held. Apologies.
 
I'll just wait and see what the next round of results bring and resource est. to see if it pushes past 1.50 and then it's all new territory.

Hard to put a figure on it at this stage because of too many factors, such as XAO, U prices and results.

News is starting to turn for U prices (yet to be confirmed), last results were fantastic but would need some decent numbers as a follow up and the XAO who knows.......

waiting waiting...............
 

Yes, I agree Crumpy, waiting waiting

Maybe news next week?

Holding up well but no bounce today, it looks to be tightly held
 
Crumpy,

A 16% gain on Friday on higher volume bodes well for this week.

We are close to getting news on a number of fronts. Should see a strong move soon if news is good. Wehave been waiting over 2 years for this to break out of consolidation (after allowing for a 1:10 reconstruction).

It needs to break 1.48 all time high and then we might see a significant move after that.
 
Yes Lioness looks like everyone is sitting on the sidelines with this one waiting to see if the good news continues. No one prepared to sell at this stage, volumes have been very low and sp jumping up and down on no vol.

I think all time high is 1.55 (or 15.5c before consolidation which will a year ago on the 26th or 29th) but needs to break out past 1.50 to get interesting.

There are plenty of results due in now and resource estimate sure to please.
 
Yes Lioness looks like everyone is sitting on the sidelines with this one waiting to see if the good news continues. No one prepared to sell at this stage, volumes have been very low and sp jumping up and down on no vol.
Click to expand...

Sp is jumping up and down looking for volume
as buying and selling occurs

Volume has fallen
and price is holding

It will have to jump again
when new buying or selling occurs

The price trend is messy

So taking the volume points
this is the most obvious trend channel I can identify

over a longer frame
It is a large trading range

as you say

We are close to getting news on a number of fronts. Should see a strong move soon if news is good. Wehave been waiting over 2 years for this to break out of consolidation (after allowing for a 1:10 reconstruction).
Click to expand...

motorway
 

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Many thanks Motorway but don't take offence from what I am going to say.

It looks like with EXT you cannot make a judgement call as it is too volatile for your trading techniques. Am I wrong?
 
IF you look at the trend channel I have drawn

It is drawn with reference to Resistance points

Not support points

This makes a statement

Where IS the support ?

The safest (lol) buy point is at support

EXT is trying to form a point of support now

Question -------Has it ?

I can post some charts later

too volatile
Click to expand...

volatility in a trading range "facilitates" something ..

Accumulation or Distribution ( often more the later )



motorway
 
Also there is also an audio of the Paydirt's 2008 uranium conference by the MD on the link below.

He talks about the new discovery of Rossing south which sounds very positive from initial results on ground that hasn't been tested before.

http://www.brr.com.au/event/43852

Could be interesting times ahead for EXT.
 
Crumpy,

What's the story here? Overdue big time for news on all fronts but still nothing??

Is this worth holding and what is the price appreciation expectation once resource estimate and further drill results come out Crumpy?
 
Hi Lioness,

Yes news should be due soon.............could arrive at anytime.

I believe the initial resource estimate is still open until further results are gathered. They will determine depending on further results whether to wrap it up or wait for further results if they think it to be in the best interests but I'm sure that they want to get out A.S.A.P.

I think that the resource estimate will get the share price moving but the real price movement might come from more results from Rossing south.

As for the price how long is a piece of string?????? Is it worth holding?????This depends on your trading strategies. I'm holding along with many others who are waiting patiently to see how this plays/pays out.

Also Nigerian Uranium have taken an 18% stake in Kalahari which hold 36% of EXT. This could prove to be interesting down the track.

Cheers
 
Crumpy,

This is now a disaster after their latest annoucement. What happened here? Where are the Rossing South latest assay results?

I don't understand how it can just fall like this, it seems to be pushed down on Thursday on purpose.

Any thoughts on this?
 
Looks like a bottoming pattern occuring now.

Stochastics also look good for a turning move upward.

Low volume also a good sign.

I am hanging in here for the Rossing South results.
 
Crumpy where are you??

Are you around?

This looks like a bomb has hit it now!!

Looks like someone is trying to keep it down??

Where the hell are the Rossing South results, they are overdue by 3 months.

This has turned into a farce now as the share price has not broken its trend in 3 years past 1.48.

 
Hi Lioness,

Sorry I've been busy getting ready for my holiday to China/Philippines next week.

Yes share price is dissaponting at the moment but once some more results come out from Rossing South things should get going. The market depth up to 1.275 is thin and low volume, so I'm not worried about the end result just getting impatient like yourself.

They have been drilling non stop and there should be alot of results this year to keep us happy.

The price of U has also been dissapointing and it will have an impact once it starts to climb.........maybe the 2 will come at the same time not a bad thing......

Hang in there.............Rossing South could be the news to change EXTs future...
 
Crumpy,

Huge buying today all at the same price of 1.10

It seems they have agreed to buy and sell at this point.

Looks like they are getting set before RS news IMO.
 
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