EXT - Excite Technology Services
- Thread starter dwecke2000
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Released on the 28th of Feb which most of you holders all know:
KALAHARI MEETING APPROVES CONSOLIDATION OF NAMIBIAN URANIUM INTERESTS INTO EXTRACT
Conditions now remaining to be satisfied to complete the transaction are:-
(a) Obtaining all requisite regulatory approvals;
(b) Extract shareholder approval; and
(c) Extract completing (subject to shareholder approval where required) a capital raising of a minimum of $10 million. which will be utilised to accelerate exploration and drilling on the Uranium Projects.
So they are going to have to raise another 10 million at current prices before the consolidation goes ahead which is another burden to Extract holders and will only benefit the new holders from KAL. Am I reading this right? I think Extract have great potential. They definately need the consolidation to be settled before we see the next leg up IMO. Get the raisings out of the way and get the dilution of shares dead and buried for awhile.
KALAHARI MEETING APPROVES CONSOLIDATION OF NAMIBIAN URANIUM INTERESTS INTO EXTRACT
Conditions now remaining to be satisfied to complete the transaction are:-
(a) Obtaining all requisite regulatory approvals;
(b) Extract shareholder approval; and
(c) Extract completing (subject to shareholder approval where required) a capital raising of a minimum of $10 million. which will be utilised to accelerate exploration and drilling on the Uranium Projects.
So they are going to have to raise another 10 million at current prices before the consolidation goes ahead which is another burden to Extract holders and will only benefit the new holders from KAL. Am I reading this right? I think Extract have great potential. They definately need the consolidation to be settled before we see the next leg up IMO. Get the raisings out of the way and get the dilution of shares dead and buried for awhile.
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Dear Nizar.
Thank you for your indepth review of EXTRACT.
Amazing, maybe the bext way to describe your review is, well researched or maybe not well researched.
Now, by any chance would it be fair or reasonable to guess you don't own any of this stock ?
During the last month the 20 group of stock holders increased their holdings by about 20 odd million.
At an cost of about au$2mill.
Wow, what a strange thing to do !
Spend that kind of money, to buy something that a poster here calls a dog.
Or, maybe, just maybe people in the top 20 holding group, research their investments better than some, maybe.
Come to think of it, to be able to be a top 20 holder of any Company, would suggest that the person/s were above the average little invester in the knowledge base on any Company they decided to invest in.
Kind regards,
Barry
Thank you for your indepth review of EXTRACT.
Amazing, maybe the bext way to describe your review is, well researched or maybe not well researched.
Now, by any chance would it be fair or reasonable to guess you don't own any of this stock ?
During the last month the 20 group of stock holders increased their holdings by about 20 odd million.
At an cost of about au$2mill.
Wow, what a strange thing to do !
Spend that kind of money, to buy something that a poster here calls a dog.
Or, maybe, just maybe people in the top 20 holding group, research their investments better than some, maybe.
Come to think of it, to be able to be a top 20 holder of any Company, would suggest that the person/s were above the average little invester in the knowledge base on any Company they decided to invest in.
Kind regards,
Barry
nizar- stock might be a 'dog' in your terms, but the exploration ground looks very good i.e. large tonnage close to surface alaskite uranium systems
bang a few drills in and it'll be a completely different co
so anyone holding should just wait for the consolidation/new drill program i guess
bang a few drills in and it'll be a completely different co
so anyone holding should just wait for the consolidation/new drill program i guess
Nizar has stated previously that he trades a companies share price action. I agree in that regard that EXT has been "a dog" since this time last year. Long term holders will no doubt be rewarded if there drilling results are favaourale but at "what cost" there have been so many opportunities since to make you $$$. It really depends on your trading style good luck to all.
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Hey Guys Extract Resources will be the one to look at tomorrow.noobs said:
Sean K
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Why?wealthyshare said:
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Sorry, its all about a new announcement just released on ASX, Capital raising $15Mil, @ .80 cent per share.Halba said:
Sean K
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Do you see that as a good thing WS? Will further dilute the company.....I suppose the placement is to 'sophisticated investors' too. LOL.wealthyshare said:
But of course they do need money to explore don't they? I didn't realise they were getting so light on.
So, you obviously think this is a good thing, right?
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I totally agree with you as for (Long term investors, not day traders)kennas said:
Have to admit, these guys just seem to keep diluting and diluting. I have to wonder if the sophisticated investors aren't some mates they have. Although these are outside Aussie I just fail to see a dual listing helping. If they are looking at a 10:1 consolidation then that just means that the share price can now fall from 80c rather than .08
I can only see this as a bad thing for the share price as in most capital raisings. They seem to be gobbling up the money and not producing the results to go with it.
Cheers martin
I can only see this as a bad thing for the share price as in most capital raisings. They seem to be gobbling up the money and not producing the results to go with it.
Cheers martin
Sean K
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Actually, I don't have an opinion one way or the other at the moment. The market is a fickle beast. It seems each time EXT come out with some news they get smashed. I have a feeling this may be the case again. By my rough calculations, the placement is at 8 cents. About 18% below todays closing price. But, perhaps getting these Canadian blokes on board will be seen as a good thing.wealthyshare said:
I'm predicting that anything can and will happen to the sp tomorrow....
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Gentlemen....also
Dual listing...EXT is to be on the TSX (Canadians and Americans will love EXT resource size). This will attract significant interest in EXT, very cheap stock by their standards.
The share scrip will be very tightly held so expect the sp to rise exponentialy once interest starts to occur IMO.
Dual listing...EXT is to be on the TSX (Canadians and Americans will love EXT resource size). This will attract significant interest in EXT, very cheap stock by their standards.
The share scrip will be very tightly held so expect the sp to rise exponentialy once interest starts to occur IMO.
