Australian (ASX) Stock Market Forum

EXT - Excite Technology Services

Good afternon Mr Rockingham and others.

I have been reading this thread for sometime, and now have to post, due to some misleading, down ramping efforts.

Mr Rockingham.
What a wonderful quick overview of EXT's adventure in Africa.

What you have just done is give some very lazy people a insight into EXT's future.

What this has done, is save these same lazy people the effort to researching and finding some honest, truthful facts about EXT.

What this has also done has saved the same people buying a research report from one of the 'names' in the market industry.

However, all is not lost, as these same lazy people will next Christmas send you a case of beer for your troubles, from the profits generated from your research into EXT.


May I take the liberaty to add, as the region in Africa where, this #92 mining/exploring is happening has become a pet hobby, for sometime, which includes the people, government, the creatures that live there, the weather and the general geo of the area.
And how the #92 found its way into this location of Namibia.

The statement, about managerment.
Simply very wrong !
And shows a total lack of understanding about exploring and goverment rules for such, in this or any country.

Mr Peter Mac and his Team, have been frankly clever, fantastic and so far ahead of most companies in the region.

Because, while everybody yelled, look what we have and made a big fuss and bother to be noticed on the markets, Mr Mac, slowly, learnt about the rules from the government, helped with employment and education with the local people AND ........... COLLECTED more leases !

Now, EXT, just might be holding more square k, leased area for #92, than any other company in the region.
And these areas, just maybe the areas where #92 has been washed to many millions of years ago. And that in its self is another interesting subject.

Learn a bit about this, then, you will understand EXT's huge potential !
Then, you just may think, EXT could be sitting on the biggest potential 92 mine in the World, in but two leases, only.
A mine that could live for 30, 50 or more years.

Myself, I am thrilled and very proud to have found a clever, quite, no fuss operator.
Which remindes of another no fuss, lets get on with the job operator, called John B, from PDN.

The depth of #92, as per a early post.
Pure rubbish, please go back and read the report, before you make this down ramping, misleading statements.......please.
#92 is minable as a open cut operation, then, underground.
This means also, as per the diagrams, you will find, if you research and read the reports and or news releases, from the SURFACE, yes the very first truck full is saleable, after processing.
Along with the copper, and a host of other saleable materials.

Then there is the subject of 'Masking' a common problem when exploring for #92.
Between areas, ..................

Then there is the use of mobile truck scanners and the .............
Then there is the use of a trolly system, like Rossing's and ............

Hey, how about you, the reader, go and research, go and read, then understand what the readers and researchers of EXT have been saying, for a long time.
Why have, so many silly people have held, through thick and thin this silly worthless (to some)stock ?

I have also notice that some posters don't hold any EXT stock, but down ramp it..hey, its that strange.

PLEASE, above all, please post facts and not made-up 'stuff', as this could be looked upon as down ramping, and thats not nice.
Kind regards,
Barry

A wee thought : some people think they are smarter than those who don't think they are smart, however the smart people give their hard earned money to the people who don't think they are smart.
 
Halba said:
ext's best shot is to forget ida dome and quickly drill goanikontes east then

IMHO

They fully intend to and have stated as much...rossing south zone will be developed first for some of the cryptical reasoning given by Uncle Barry.....easy to mine calcrete deposit, easy RAB drilling in progress and excellent (and viable) potential of this being initially processed at the rio rossing mine (cash flow). Rossing is processing well below capacity and could do this easily...will they remains to be seen. Again when will EXT mine...I wish I knew.

Uncle Barry is also eluding to working with the locals....this is fact. EXT have been training locals as drillers in readiness at a rate of 3 people per rig..enough for 10 rigs (diamond and RAB).....why are they doing this???

Expect very positive announcements re: EXT about rossing south, Husab (another easy paleochannel target) Ida (south in particular bordering the DYL lease) and yes Hildenhof.

May I apologise as well for my seemingly rude approach to responding to you...it is just I have had enough of others who have blatantly told lies of EXT on other forums and we can just speculate as to why they took on an almost planned regimented attack over a period of 5 months which has all of a sudden almost stopped completely.
 
Dear Helba.
Please do not insult me and all the other readers and researchers as well as the people who run and manage the company called EXT, with your unfounded ideas.

As they are pure, cold blooded down ramping, which is a naughty on this site.
Barry
 
I'll ring up the company rep on monday, if they fast track drilling i might chuck up a few grand.

rockingham - yes you have countered my points brilliantly. I guess there is more to EXT than just the ida dome license and I apologise for that lack of knowledge.

I notice the other anomalies have better readings. I guess its a while since I looked at EXT, they must've tripled their licenses since last time I was in this stock(traded out for a negligible profit)!

With regards to slowness of drilling- seems pretty common in the industry. BMN is pretty slow as s***t. Maybe namibia is a slow place to drill. I guess just a matter of licenses taking care of themselves long term.

U boom will last about 15 years, so these companies bmn,ext,dyl have all the time in the world.
 
Halba said:
I'll ring up the company rep on monday, if they fast track drilling i might chuck up a few grand.

rockingham - yes you have countered my points brilliantly. I guess there is more to EXT than just the ida dome license and I apologise for that lack of knowledge.

I notice the other anomalies have better readings. I guess its a while since I looked at EXT, they must've tripled their licenses since last time I was in this stock(traded out for a negligible profit)!

With regards to slowness of drilling- seems pretty common in the industry. BMN is pretty slow as s***t. Maybe namibia is a slow place to drill. I guess just a matter of licenses taking care of themselves long term.

U boom will last about 15 years, so these companies bmn,ext,dyl have all the time in the world.

Halba no harm done...all in good discussion

Some fun I have had recently....
Based on my own calcs from the targetted resource (1 only being Husab)and they have 6) as indicated in the EXT AGM presentation...and the current/future U price.....just for fun lets have a look...

Mkt Value and Market Capitalisation - U308 Value per share (post consolidation 167,000,000 shares)
Pounds (lbs) U3O8 - $/lb - value p/share
35,000,000 - $85 - $2,975,000,000 - $17.81 p/share
35,000,000 - $95 - $3,325,000,000 - $19.91 p/share
35,000,000 - $110 - $3,850,000,000 - $23.05 p/share


Then lets be extremely conservative and take out mining and development costs (and this is all pie in the sky as I have no idea what costs would be)

Mkt Value and Market Capitalisation - U308 Value per share (post consolidation 167,000,000 shares)
Pounds (lbs) U3O8 - $/lb - costs dilution - value p/share
35,000,000 - $85 - $2,975,000,000 - dilute by 75% - $4.45 p/share
35,000,000 - $95 - $3,325,000,000 - dilute by 75% - $4.98 p/share
35,000,000 - $110 - $3,850,000,000 - dilute by 75% - $5.76 p/share

And all of this from one target zone only...as someone rightly pointed out to me...this could conservatively be multiplied by 4 times if EXT prove up the other 5 zones.
 
I notice this share has finally broken out for a long consolidation. I also notice it has a license near valencia, which is interesting. I wonder where all these 100% owned licenses came from all of a sudden, when I looked at it a few months back it had one JV 51% owned license.

I guess not to be critical of mngmt, it takes time to get license and go thru the namibian environmental processes. Then they can be drilled.
 
rockingham178 said:
Yes it will occur on or before 27/2/07....this is imminent and will reduce total number of shares to 167m.....

So how will this affect us I know the price will change according to the ratio but is this good?
Will the price go up on the consolidation and then drop back again? :banghead:

Uncle Barry said:
I have been reading this thread for sometime, and now have to post, due to some misleading, down ramping efforts.

I just wish you had posted before as with all the negative ramping I dumped my EXT's and was very negative with all the downramping that has been going on. Thank you for speaking up even if it's a bit late for me. :rolleyes:
 
Halba said:
@ 167m shares its mkt cap will be around that $167m then

lets see what happens next week.....

a pic for you halba...Valencia is about 5 km's to the north of rossing south and DYL (not shown) adjoins EPL3349
 

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Halba said:
@ 167m shares its mkt cap will be around that $167m then
So after a 10:1 consolidation the SP will be $1.10 the question remains will it fall back or not?

I bought 500,000 NIA at #0.03 back in 1997 when it was Wells Gold and then they did a 20:1 reduction leaving me with 25,000 at $0.60 then they went into free fall to $0.02.
NLX have just done the same thing consolidating and then relisting at around $2.20 now bouncing around $1.68.

Hence the reason for the question.
 
I am not down-ramping and I hope nobody thinks I am. I have previously held EXT from 2.7 cents and made a good profit on them. I'll re-enter after the share consolidation and the raising of more cash because it will be needed and I believe it will happen. I will then hold BMN/EXT and ERN and hopefully they will all become producers. They all hold some pretty important grounds in Namibia.
 
chris1983 said:
I am not down-ramping and I hope nobody thinks I am. I have previously held EXT from 2.7 cents and made a good profit on them. I'll re-enter after the share consolidation and the raising of more cash because it will be needed and I believe it will happen. I will then hold BMN/EXT and ERN and hopefully they will all become producers. They all hold some pretty important grounds in Namibia.

Buy all of them in Namibia. BMN, EXT, DYL, ERN, WME, PDN...... You never know what staff they are going to find. Nothing is sure thing, and everything is possible.

If you particularly like one of them, buy more. It is very foolish to down-ramping the rest of the group in order to promote the other. It might only take a day to embrass yourself.

Also There is no need to burn midnight oil, no need dog fight. It is fruitless to go any further than the limit of the speculative nature.
 
mmmmining said:
Buy all of them in Namibia. BMN, EXT, DYL, ERN, WME, PDN...... You never know what staff they are going to find. Nothing is sure thing, and everything is possible.

If you particularly like one of them, buy more. It is very foolish to down-ramping the rest of the group in order to promote the other. It might only take a day to embrass yourself.

Also There is no need to burn midnight oil, no need dog fight. It is fruitless to go any further than the limit of the speculative nature.

excellent post mmmmining!
 
yep thats why we call him mmmming - he's in all things mining. good idea to be exposed to everything, u get the best of everything .i won't buy paladin, its too far ahead of my budget.

Maybe EXT will do a JV with BMN down the track...synergies?
 
Good evening.
"Buy all of them", I already have almost all and 'need' more and the 'lot'.

Drilling in the Namibia, and being slow.
There are a couple of problems as to why some people think it is a slow process.

First the super important one.
The drilling isn't the delaying problem.
The delay is due to obtaining good honest lab results and to do this, the better Companies, including EXT, air freight their core samples back to Western Australia.
Then these same labs are over worked. Too many samples from too many Companies to produce results from.
Hence a time delay.

Some companies short cut the process and obtain results/use labs in Africa. This is rather tricky, as some samples are lost and or have odd results.

Drilling, on site.
Skilled staff cannot be suddenly plucked out of the sky.
They have to be found and or trained in drilling operations.
And this is where EXT's Team are a cut above other companies and indicate they are there for the future because EXT is training up drilling staff, already !

A drilling rig, again, cannot be suddenly found because the demand in the region has exploded.

The time it has taken EXT to produce 'results'.
Once more, to lock in new leases, to me, was everything.
Maybe, just maybe, Mr Peter Mac and his Team were aware that the Government were going to stop any new leases, therefore to have obtained 5 leases in the hottest 92 land in the World, to me, is super clever, super forward thinking.

EXT, could have worked on their early leases (like a number of other companies)and have done so, with fantastic results.
However to include research into more suitable leases would have taken an a huge work load by the Team, and this is where all their efforts seem to have gone to-date.

Trust the above helps with a wee bit of understanding about Namibia and EXT.

Kind regards,
Barry
 
mmmmining said:
Buy all of them in Namibia. BMN, EXT, DYL, ERN, WME, PDN...... You never know what staff they are going to find. Nothing is sure thing, and everything is possible.

If you particularly like one of them, buy more. It is very foolish to down-ramping the rest of the group in order to promote the other. It might only take a day to embrass yourself.

Also There is no need to burn midnight oil, no need dog fight. It is fruitless to go any further than the limit of the speculative nature.

I never downramped? I'm actually waiting for the time to re-enter. Buying all of them is just stupid IMO. You can go buy every australian explorer in the NT too.
 
chris1983 said:
I never downramped? I'm actually waiting for the time to re-enter. Buying all of them is just stupid IMO. You can go buy every australian explorer in the NT too.
Chris, you are surely smart this post. Obviously you are not a ramper by all means.

That is right, if believe the uranium story, buy a basket of them. If you buy the NT mining story, buy a bunch of NT explorers. What is wrong?

I don't want to start a fight, I just want to point it out this is no point to argue with fine details while the stocks are speculatative.
 
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