EXT - Excite Technology Services

[dj_420]

since the ann of poor gold results the market has backed right of and the sellers are lining up. could this be to poor gold results (high cost of production) or would it be uranium news that has already leaked. i know in the past ext share volume increases my the millions often days before an ann

 

[chris1983]

The volume of shares traded hasnt been much in recent times. I think most people are waiting for the results of the uranium drilling. Others are getting cold feet and selling off. Time will tell.

 

[dj_420]

im a only just started performing technical analysis, but IMO since EXT had a upwards trend we saw a surge to a high of 15 cents, IMO the stock was overbought on speculation and saw a 90% retracement back to show support at 11.5 cents, the last two days of trading have shown a slight increase in volume and the share price has moved up to 12.5 cents. IMO this is where the sp will climb again and form another wave. any techies care to comment.
attached is EXT chart

 

[nizar]

im a only just started performing technical analysis, but IMO since EXT had a upwards trend we saw a surge to a high of 15 cents, IMO the stock was overbought on speculation and saw a 90% retracement back to show support at 11.5 cents, the last two days of trading have shown a slight increase in volume and the share price has moved up to 12.5 cents. IMO this is where the sp will climb again and form another wave. any techies care to comment.
attached is EXT chart

this stock is a joke

gold production was supposed to help fund uranium exploration, but when costs are au$691 to produce an ounce a gold, it got me thinking

the only other thing these guys have is 51% of come ELs in Namibia - and lets not forget, that could still mean 51% of nothing

ive said this many times and ill say it again: geographical proximity means nothing, several companies have searched for the last 30 years in areas close to Olympic Dam, and the only deposit of appreciable size was Prominent Hill

yes cathers, when i held EXT, i used to find many points from which the stock can climb again too. But when u are undercapitalised like me, u cant afford to have money sitting around somewhere doing nothing, it has to be in something going up, so i was out of EXT from a while ago

the big gains was from 4c to about 10c, if u bought after that u may be waiting a while

just my opinion...

 

[IGO4IT]

Nizar,

welcom back

did your run in AEX finish on Friday & looking for a cheap entry in EXT again??!!

what a ride on AEX but as we all know nothing can keep going up forever.

good choice by the way, we only have 4 weeks left for results of first hole to come out of labs & we'll be flying again.

a lot you missed on:

we got to 15.5c (as I remember), we're on the books of a coupls of institutions & yeah...that gold production costs gone higher as well , those guys spend too much on free beers to miners I guess

U needs real money, if we have any U in husab then we'll have to raise some serious cash for minning it, gold production income is & will not help in any way.

cheers,

 

[IGO4IT]

im a only just started performing technical analysis, but IMO since EXT had a upwards trend we saw a surge to a high of 15 cents, IMO the stock was overbought on speculation and saw a 90% retracement back to show support at 11.5 cents, the last two days of trading have shown a slight increase in volume and the share price has moved up to 12.5 cents. IMO this is where the sp will climb again and form another wave. any techies care to comment.
attached is EXT chart

This is my prediction:

a very smooth volume wave is in formation now to take us to new price wave - since we're trading in a rectangular path (EXT is famous for trading within a rectangular path).

our support is definetly 11c & our resistance is 15.5c.

from history, most of our volume waves took prices higher with them since its a good ground for short term trades.

let's also not forget AEX traders who sold EXT to catch AEX & now their run is over, these guys "MOSTLY" swap seats between EXT & AEX by turn.
proof: do a comparision chart for both AEX & EXT for 1-3 months & you'll be amazed.

I'm still buying more on lows & expecting to see high teens before news of results of first hole come out.

cheers,

 

[kevro]

Plus on top of that they are still waiting on 3 ,more exploration licenses in Namibia and all with U (as per rumours). Should'nt be to long for them now.

 

[powerkoala]

Anybody knows what happen with this SP?
slump after record high 15.5
now getting to 10 area
good buying or wait and see ?
any idea ?

 

[IGO4IT]

Anybody knows what happen with this SP?
slump after record high 15.5
now getting to 10 area
good buying or wait and see ?
any idea ?

powerkoala,

I don't know about your sitiuation but I loaded some yesterday & today on 10.5 & I have more funds on the "wait & see" bases as well. who knows may be we could get some on 10c as well.

resources today are a lot better than last 2 days but still not safe enough for me to buy with all what I have, there could be more discounts coming.

1 thing I'm sure of at this time, once you see 11.5c wiped out, know that we're in for a 20c run!

I'm very lost now with reason of low volume fall we're having for last 2 weeks but the low volume is keeping me comfortable as I know there's light at end of the tunnel.

pls don't take any of my comments as advise to buy or sell & do your own research.

cheers,

 

[powerkoala]

was thinking to enter yesterday..
but after looking today transaction,
on second thought, i think i will enter around 10 cent
thanks for your respond

 

[IGO4IT]

this is the current chart & given that we had a double doji formation, it should give us a little bit of comfort. theory is (as far as I know) that a double doji after 3 white candles is a trend revesral.

IF IN CASE tomorrow we get another doji EXACTLY same like yesterday's one then we would have a tri-star formation & defenitely (as per theory) it means a reversal upwards & it could mean also a strong one.

Any candlesticks experts: do you see anything i can't see?

(fingers crossed)

cheers,

 

[johnno261]

Me thinks EXT will get hit hard again this week. Current value based on Gold is at best probably 3 or 4 cents, so theres alot of U Speculation factored into SP. If we get some big red days thanks to DJIA,i suspect next support level of 9 cents maybe breached which will be of big concern.Major support levels broken last week as we know.

 

[IGO4IT]

Sorry guys, you think that because gold is down then EXT will fall??!!! that's totally incorrect.

Proof: 24/04/2006, EXT= 15.50c while gold is US$630.

Today's Gold price is US$650, so in theory we should be around 16.50c NOW if we really go up & down with Gold price in same proportion!!!

Market dynamics & traders scared from risky trading environment globably making short termers take their money out & watch as they don't want to be stuck for long waiting for a recovering market!

Also, Bears keep recommending a crash because that's how they make their money!

Gold price & EXT are related IF ever we go back to trading in the 7c range (which I don't think could ever happen) but then value is 100% valued on gold production & gold price.

cheers,

 

[chris1983]

I think EXT will be 20 cents in 2 months time. Lets wait for the drilling results. You are banking too much on the gold price and their gold resources when in fact the whole reason EXT went above 15 cents was due to their uranium prospects. The Gold mine they have is just a bonus which will fund their drilling at husab. The reason for the fall is people are scared of inflation in the US. Which has affected all mining shares across the board. Investors are getting out of the market. I'm definately not going to sell. I was in Extract when they began their rise and I still believe they could be another Paladin.

Best of luck to all with the decisions they make I just wish I had more cash to invest in the stocks that have fallen over the past week! Bannerman Resources and Extract are both going to fly

 

[nizar]

The Gold mine they have is just a bonus which will fund their drilling at husab.

Gold mine a bonus? 2 fund husab u say? it CAN HARDLY FUND ITSELF!!!

Production costs for last quarter was au$691/oz... wat a JOKE!!

I used to own EXT, i thought that gold production would fund husab and was INSURANCE.. a bonus u say!!?? More like a LIABILITY and dragging down the share price.... probably losses this quarter!!

Lets hope for current holders that 51% of wateva is at husab is a lot... which of course could still be 51% of nothing

Peter Mac seems to be a gun for U as every1 says but he better keep a close eye on costs!

OXR price is dragged down by gold price and it only contributes 10% of earnings for OXR... for EXT, GOLD is 100% of earnings

So those of u that think gold doesnt matter, IT DOES

 

[chris1983]

Production costs will improve at Burnakurra. Thats all I have to say. Time will tell. I bought extract at 2.5 cents so I got nothing to lose.

 

[chris1983]

I just wanted to say something in relation to this comment.

"I used to own EXT, i thought that gold production would fund husab and was INSURANCE.. a bonus u say!!?? More like a LIABILITY and dragging down the share price.... probably losses this quarter!!"

We all know that extracts little gold mine is not going to fund husab entirely. What I mean is it will fund their exploration and any future drilling in husab. Meaning they shouldn't need to release too many more shares unless the development of a mine is needed over there.

We also know if the drilling reports from husab are promising and have some good results this stock is going to really jump. We still know this is a speculative stock but hey I think its a good chance it could do well. Market cap is 73 million atm and we all know if uranium is found it will go a hell of a lot higher than that.

We can also say that there is definately uranium at there site and we are just waiting on drilling results to see how much is really there. I think it looks promising but hey it could go either way. My bet is that they are sitting on a lot of cash in the ground

Like I said good luck to those who hold. Nizar I think you should jump on the boat and take the ride with us. Hopefully it wont sink.

 

[dj_420]

News for EXT

There has been drilling update released this morning. Market reacted positively to this news as share price first reached lows of 0.086 then rose quickly back to yesterdays close. is this a sign of things to come?? i think the lows were produced by commodities slump in general but after news was released sp has turned around.

any opinions?

 

[IGO4IT]

FTSE got hammered last night but DOW closed higher & gold is stable (at least for last 24 hours!!)

The ann is great & I quote from it:

The target alaskite intersected in HDD001 was found to be very weathered, pitted and leached, indicating corrosive ground water activity locally. The same body, intersected down dip in HDD002, was generally fresh and variably sulphidic (including copper sulphides), and displaying alteration patterns, such as smoky quartz, typical of uranium mineralisation within these deposit types. The presence of uranium within the core has been confirmed by spectrometer.

We have a winner here!! but market currently is not very happy with inflation, US interest rates, etc......

if Action doesn't start today (& I'm assuming to copy DOW will be higher action will be towards last 2 hours of the day) then it will have to be tomorrow!!

I have loads of EXT shares & hanging on to sell on $1+ after results of first hole comes out with decent concentrations.

GOOOO EXT!!!

cheers,,

 

[dj_420]

What would good grades constitute in this region?? what exactly are the grades of mines surrounding them eg paladin and rio? i know they all have low grades but what cuttoff grade is actually profitable??

im excited by the news also, seems very positive.