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EXT - Excite Technology Services

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Kennas,

Chart wise if it breaks 15.5 where do you see this heading short term??

Great pick for me in the tipping comp. ;)
 
as far as i knew there was not even an inferred resource for EXT. 40 000 tonnes is a decent amount of uranium, what makes you sure that its there? just because rio and paladin have mines nearby?
 
dj_420 said:
as far as i knew there was not even an inferred resource for EXT. 40 000 tonnes is a decent amount of uranium, what makes you sure that its there? just because rio and paladin have mines nearby?
Click to expand...

He's just ramping.
And a decent ramp at that, but not quite ramp of the month ;)

EXT took 6 months to drill 11 holes. They should have a JORC by approximately 2028.

Just my opinion.
 
jemma said:
Kennas,

Chart wise if it breaks 15.5 where do you see this heading short term??

Great pick for me in the tipping comp. ;)
Click to expand...
Jemma, if it breaks $0.155, then could go anywhere. $2.00? AGS went from $0.15 to $1.90 in 12 months..... :)

Short term though it still has some work to do. From breaking out of that consolidation period, the target would have been about $0.13, which it has practically reached. Found resistance at $0.125 as would have been expected, and theres' pockets of resistance at each $0.05 incriment to $0.155, also as would be expected. What was outstanding today, was it smashing though $0.10-11. Very unexpected, and very bullish for the stock. Really, on a TA perspective, that was a major zone of resistance. Now, it might get a lot of attention tomorrow, but will need some follow up good news to keep going. There's a few stocks that have run very hard for a day or so recently and then dropped back, or consolidated, and then drifted again. Needs good news to keep going, which is very likely out of Husab.

Good luck, and take a little profit when you can! :) You could probably sell half and be riding it for free!!!
 

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Hi Johno,

The AGM Presentation reads (for Husab):

Strategic Objective:
Targeting +40mt @ 0.4kg/t
= + 35m lbs U3O8
= + $2.0b metal value

Not quite 40mt of U3O8 but still has pretty impressive possibilities IMO.

Would anyone care to comment on what "Strategic Objective" and "Targeting" is supposed to infer?
 
kennas said:
Jemma, if it breaks $0.155, then could go anywhere. $2.00? AGS went from $0.15 to $1.90 in 12 months..... :)

Short term though it still has some work to do. From breaking out of that consolidation period, the target would have been about $0.13, which it has practically reached. Found resistance at $0.125 as would have been expected, and theres' pockets of resistance at each $0.05 incriment to $0.155, also as would be expected. What was outstanding today, was it smashing though $0.10-11. Very unexpected, and very bullish for the stock. Really, on a TA perspective, that was a major zone of resistance. Now, it might get a lot of attention tomorrow, but will need some follow up good news to keep going. There's a few stocks that have run very hard for a day or so recently and then dropped back, or consolidated, and then drifted again. Needs good news to keep going, which is very likely out of Husab.

Good luck, and take a little profit when you can! :) You could probably sell half and be riding it for free!!!
Click to expand...

kennas, many thanks for this analysis, Peter Mac has been quoted as stating an option to speed things up is to ship the ore to RIO's Rossing mine. This was in the latest resource stocks magazine. If that happens it could be worth anything.
 
Posted LSE for Share News for Kalahari Min (KAH) JV partner

http://www.lse.co.uk/ShareNews.asp?...ted_Namibian_nuclear_fuel_prospecting_licence

Wednesday, 6th December 2006 10:32

Kalahari Minerals confirms JV granted Namibian nuclear fuel prospecting licence

LONDON (AFX) - Kalahari Minerals PLC confirmed that joint venture partner Extract Resources Ltd has been formally granted a prospecting licence to explore for nuclear fuel in Namibia.

The licence, which was offered by the Namibian Ministry of Mines and Energy on Nov 6, will be incorporated within the existing Husab joint venture.

Kalahari added that past and present exploration suggests 'significant uranium mineralisation' at Husab.
newsdesk@afxnews.com
 
EXT trying hard to break resistance at $0.11. Holding above $0.10 has been very good.

Been looking very good recently. Having a look through the historic grades and what they have produced, I'm turning into a believer Jemma.....
 

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kennas said:
EXT trying hard to break resistance at $0.11. Holding above $0.10 has been very good.

Been looking very good recently. Having a look through the historic grades and what they have produced, I'm turning into a believer Jemma.....
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BMN, EXT, DYL, PDN, RIO (Rossing) have continuous land coverage. So far EXT has the highest grade, and EXT have got the hottest area other than Rossing.
 
I'm not sure about that.....the best address has BMN, with tenements around Langer Heinrich and Rossing. Location Location, Location is the universal mantra. Then again grade is king......All those companies in Namibia are well placed.
 
LifeisShort said:
I'm not sure about that.....the best address has BMN, with tenements around Langer Heinrich and Rossing. Location Location, Location is the universal mantra. Then again grade is king......All those companies in Namibia are well placed.
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Yes, it's got good ground, but EXTs isn't far away either. And I think by 'hottest' he means radiometric mapping. I think EXTs drill results are a bit better aren't they?
 
kennas said:
Yes, it's got good ground, but EXTs isn't far away either. And I think by 'hottest' he means radiometric mapping. I think EXTs drill results are a bit better aren't they?
Click to expand...

The only thing you have to go by with Bannerman atm is Historic drilling.

I would have to say Bannermans is the company in the best position. Historic drilling below. You have to look at shares on issue. Bannerman also own an 80% interest in their tenements whereas the Extracts current % on the tenement they are currently drilling is 50%. Both are set to do well.

23m @ 541 ppm U308 23m @ 397 ppm U308
50m @ 457 ppm U308 45m @ 393 ppm U308
46m @ 443 ppm U308 60m @ 269 ppm U308
44m @ 436 ppm U308 62m @1 260 ppm U308

If you also look at the last activities report released by BMN they released the following information with a picture of the drill core showing the uranium oxides. Hitting uranium at 134m depth..Thankyou very much.

"Uranium oxides on fracture plane within GOADH0010, 134m depth"

Those drilling results are only based off the Goanitkontes prospect..and you have to take into account Bannermans epl which contains the elpse channel.

Extracts Mineralisation is very promising with results such as 9m at 1.077 kilograms per tonne uranium with 5m at 1.853kg/t and 10m at 0.345kg/t but it isnt at depth. Not like Bannermans. Nothing can be confirmed though untill Bannerman release the results from their recent drilling campaign though.

All the best. Chris
 
chris1983 said:
The only thing you have to go by with Bannerman atm is Historic drilling.

I would have to say Bannermans is the company in the best position. Historic drilling below. You have to look at shares on issue. Bannerman also own an 80% interest in their tenements whereas the Extracts current % on the tenement they are currently drilling is 50%. Both are set to do well.

23m @ 541 ppm U308 23m @ 397 ppm U308
50m @ 457 ppm U308 45m @ 393 ppm U308
46m @ 443 ppm U308 60m @ 269 ppm U308
44m @ 436 ppm U308 62m @1 260 ppm U308

Those drilling results are only based off the Goanitkontes prospect..and you have to take into account Bannermans epl which contains the elpse channel.

Extracts Mineralisation is very promising with results such as 9m at 1.077 kilograms per tonne uranium with 5m at 1.853kg/t and 10m at 0.345kg/t but it isnt at depth. Not like Bannermans. Nothing can be confirmed though untill Bannerman release the results from their recent drilling campaign though.

All the best. Chris
Click to expand...

Those EXT numbers add up to:

5m @ 1077 ppm
5m @ 1853 ppm
10m @ 345 ppm

Others from the Ida Dome include:

8m @ 2316 ppm
14m @ 1063 ppm
41m @ 361 ppm
9m @ 1077 ppm

Previous drilling by Anglo American produced:

43m @ 370 ppm
32m @ 403 ppm
24m @ 886 ppm
17m @ 984 ppm
and more

So, it's hard to say which is better really. Buy both perhaps?
 
Ive held EXT in the past and grabbed my profits. Could of made more if I held..but you dont look at the past. Only reason I turned away was the amount of shares in issue and dilution problems as they continue to further their exploration. They could still very easily run to 30+ cents though.
 
kennas said:
Those EXT numbers add up to:

5m @ 1077 ppm
5m @ 1853 ppm
10m @ 345 ppm

Others from the Ida Dome include:

8m @ 2316 ppm
14m @ 1063 ppm
41m @ 361 ppm
9m @ 1077 ppm

Previous drilling by Anglo American produced:

43m @ 370 ppm
32m @ 403 ppm
24m @ 886 ppm
17m @ 984 ppm
and more

So, it's hard to say which is better really. Buy both perhaps?
Click to expand...

DYL is to the South of EXT, to complete a trio.
 

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