EXT - Excite Technology Services

[jemma]

The DOW should behave & gain at least 50 points of its yesterday's loss!

William %R indicator is still rising to -64 which means that we're still selling but defenitely lower than last few days & buyers are still accumulating more & more.

cheers,

I like the doji candlestick today also. Keep on a close eye on that Williams % won't you Igo.

My guess for announcement release is last week in June which is perfect timing if our market is steady.

I have a feeling there will be many announcements to come especially the 100% tenements about to be approved.


:microwave

 

[IGO4IT]

very funny closing today with 800k buy order with no sellers to sell to them!!

it looks like a broker with a "very late" buy order!

all good so far....overseas markets are getting destroyed while our little EXT is holding well thru the strom!!

cheers,

 

[jemma]

very funny closing today with 800k buy order with no sellers to sell to them!!

it looks like a broker with a "very late" buy order!

all good so far....overseas markets are getting destroyed while our little EXT is holding well thru the strom!!

cheers,

Igo, What happened with the 800K on the close and what price were they asking???

Lack of sellers means it is due to go higher.

 

[IGO4IT]

800k order came in on 9.5c on closing auction (after 4pm) with no sells, gone up to 9.6c, nothing again, up to 9.7...nothing again......9.8c & then disappeared!

that's why we got the 9.8c close, others thought it might be too late in the morning tomorrow to get the 9.8c so they grabbed it!

 

[jemma]

Igo,

Does that picture look like you, scary really!!

I think you would agree the buyers are starting to get desperate, all it takes is for one big buyer to come on market and they will scramble over each other and before we know it, EXT will be 13 cents quickly.

Must only be days away now until the 10 cent barrier is broken.

In fact once 10 cents is broken, will move higher quickly.

 

[IGO4IT]

I hope I'm not as scary as my piciture

We are here waiting for XJO to perform, I don't think anything else is stopping us other than market is in no mood for any new resources purchases until at least we see the direction of the market.

2 down days in a row for DOW & tonight could be the 3rd, it's very likely to have a good day before long weekend. window dressing of XJO will be a must before long weekend on friday so I'm guessing some action friday afternoon!

I'm not worried about EXT during the correction XJO/DOW are having, Uranium is looking stable & increasing to $44 from $43 so defenitely we (U stocks) could be the survivors of this correction of all the resources stocks when the correction ends.

I'm defenitely holding strong & buying more if I get the chance for a bargain, Many out there are doing the same thing as well my indicator is telling me EXT BUYS are more than SELLS today than any day last week.

cheers,

 

[kevro]

Hi all,
Its funny about the buy for 800k. It was there for a minute max and went away after. The day prior the same thing happened but it was a 1.4m sell. stayed for a minute and then disappeared. Both times it was in the after close auction

Kevro

 

[jemma]

Igo,

EXT was looking good, looks like we may be in trouble for a few weeks or tree shaking may benefit us later????

Hard to tell.

 

[IGO4IT]

Hi Jemma,

the idea here is simple, technical analysis is mostly useless in ALL resources stocks now. (Most are showing a dropping line & support already was broken in 90% of stocks a week ago!), so best thing to predict what's going to happen from here is to try to read the world's markets.

we've seen the whole world drop in the last 2 weeks & every single person who holds resources shares wonder why their "OWN" shares are dropping.

Many factors are affecting all resources stocks "ALL OVER THE WORLD" & that's the gold drop, base metals drops, US inflation rates....etc.

the idea here is basic, I still think that the same EXT share we're holding now at 8.8c is the one we bought at 13-15.5c few weeks back. what's the difference? NOTHING TO DO with fundementals of resources stocks, its more to do with market attitude towards resources....metals kept increasing "rapidly" for last 12 months, buyers bought thinking that metals will keep going higher & higher & it had to push back a little to be able to continue its run steadily.

EXT was/is 1 of the best potentials out there with such a cheap SP. if & when int'l markets finish their correction & continue their initial bull run, Gold will go up again to possibly new highs & all metals should continue their run.

Uranium is the ONLY metal that wasn't affected in this saga & actually it's gone up $1, so pretty much we're not only safe with EXT (as a prospect U producer) but we have a nice chance of making serious money when market resumes its run.

If some got scared or tried to be smart & try to sell high & buy lower....let me tell you a piece of advise....we're NOW at the end of the correction & W. Buffett once said a very nice word I like to remind all of us with " what a wise man does in the begining....a fool does at the end". I'm hanging on to all my resources stocks & not letting go from here. If anyone survived this last hit then you should know there's not much left in the down side & for those who didn't survive & gone out: watch out for a panic buy mania that if you're not fast enough, you'll be desitned to lose! (if you know what I mean!)

the hard bit is gone & whoever could survive the last 2-3 weeks can defenitely survive another few days then we may not be needing any news to get back to teens!

That's my personal opinion & never to be taken as financial advise & pls do your own research.

cheers,

 

[jemma]

IGO,

Yes, I agree, the majority of damage that had to be done is almost over.

BUT what a great opportunity is was to get rid of weak hands and move to stronger longer term hands.

It probably still needs another 1-2 weeks in consolidation before lift off IMO.

I still cannot understand why they did not announce the 2nd drilling has started. This can only mean one thing IMO, they will release both sample results at the same time!!!!!!!! Which will mean KABOOM for us.

WHAT ARE YOUR THOUGHTS?? :dunno:

 

[IGO4IT]

IGO,

Yes, I agree, the majority of damage that had to be done is almost over.

BUT what a great opportunity is was to get rid of weak hands and move to stronger longer term hands.

It probably still needs another 1-2 weeks in consolidation before lift off IMO.

I still cannot understand why they did not announce the 2nd drilling has started. This can only mean one thing IMO, they will release both sample results at the same time!!!!!!!! Which will mean KABOOM for us.

WHAT ARE YOUR THOUGHTS?? :dunno:

If you look around resources stocks, not many had any annoucement (bad or good) in the last few weeks during trading hours AT ALL!

all waiting for this storm to go past them market will appreciate any good news if investors are in a better mood.

let's assume we got good concentrations last week, do you think it would've been appreciated (SP wise) the same way it will be appreciated when resources are back to the spot light?

Most of resoruces stocks held back many announcement for market to NOT waste them & take them down with the declining market.

So I would assume all these ann will come out once market is ready to appreciate them...otherwise...they're pointless!

cheers,

 

[jemma]

Excellent point IGO,

They no doubt will wait for better times, that explains a lot even with other stocks I hold.

Still, it is good churn wise to get rid of more weakies.

Let us both look forward to next week for a better picture for resources.

 

[jemma]

IGO,

Here is a poster Zackman from HC on 25/5 EXT anouncment analysis:
Hang in there IGO, we are not finished yet.

Good morning all,
I’ve been busy around the mining scene, however I have recently reviewed the May 25 announcement. Unfortunately I have not had a chance to read all the HC member comments relative to this, so forgive me if my comments are ‘more of the same’ nonetheless here is my take for what its worth:

Firstly, the drilling news is very good provided the assay results come back with reasonable levels of measured U within the ore intersection

i) The 80-100 metres (alaskite) formation ‘at depth’ is a big intersection.

ii) Chalcopyrite is usually a good quality primary copper ore. (Kalahari shareholders will be pleased to hear this)

iii) The presence of Uranium within the drill core has been confirmed by spectrometer signals within all 3 holes (HDD001, 2, and 3)

iv) Peter McIntyre states ; they will have assay results completed by 2 different methods, XRF and Acid Leach, and in several laboratories in South Africa and in Australia. This is obviously to validate results.

v) An appropriate tool will be secured to validate laboratory assaying by “down-hole radiometric logging of completed drill holes’. This will provide further U measured data (imo for further analysis and future ore modelling purposes). This is a very positive statement/step, one would not normally do this at this early drilling juncture unless you are very confident.

Also remember, this is only the first 3 holes. It is worth noting that the current drill target area has a strike distance of “Over 4 kms” (refer announcement April 10, 2006) The other point to keep in mind, this is only the first drill target on EXT's 550 square km area of largely unexplored U land.

My conclusion: Great progress so far and its all good. EXT management would not be going to this extent and the expense they are, if they would not be confident there is something of substance there.

Early signals of pending good news will be reflected in bursts of large share volumes and steady accumulations on good volume. I think we are seeing some of this now.

Fingers crossed for good laboratory results and if they are good, enjoy the ride.

Cheers
Zackman

 

[IGO4IT]

Interesting points mentioned on that post & all the current facts are almost pointing to same direction = Good results.

I'll say around coming wednesday to friday we'll have a big move up, not only us but most resources stocks. DOW finished lower last night & CPI/PPI results should be out by tuesday/wednesday. we should get a rally in the DOW straight after these figures release & hopefully ASX will follow

I'm still trying to figure out the fact the McIntyer is the MD for both kalahari & EXT & how it could deliver good news in future.......so I'm expecting a lot of action after results, not only from SP but from management.

cheers,

 

[jemma]

Don't forget Kalahari own WAGE 100%, so IGO you may not have picked this up. That means Mcintyre is set in all ways.

IMO this means he did this on purpose just in case of a takeover so he could protect himself.

Interesting hey.

 

[IGO4IT]

Not only that, KAL has its copper play & EXT has gold its play & both going in to Uranium while any of the 2 could've done it with bigger partner &/or by themselves!!

Listing KAL in AIM was defenitely based 100% on the husab & those bought in didn't really care about KAL's copper profile as its pity & almost useless.

I'm thinking of a merger ...???...a possible takeover or offer they could've had & may be to get 2 small companies to be something bigger that what they are ???

I'm not sure but the way it was done, makes me think positively that there's a plan for both KAL & EXT for both being in the picture for long time not only in the Husab game.

theoratically, EXT could've found a better partner who's willing to get into that husab game with incentives as well for EXT, also KAL on the other side could've found another partner if idea is to get 1 project done & move on.

As for McIntyer being set, can still get set without being MD for both, holding shares for both or any of them could still secure him a decent future!! Being MD for both is more about controlling the future of both for a purpose & that's what I'm trying to figure out

May be I'm just looking too much into things

cheers,

 

[jemma]

Not only that, KAL has its copper play & EXT has gold its play & both going in to Uranium while any of the 2 could've done it with bigger partner &/or by themselves!!

Listing KAL in AIM was defenitely based 100% on the husab & those bought in didn't really care about KAL's copper profile as its pity & almost useless.

I'm thinking of a merger ...???...a possible takeover or offer they could've had & may be to get 2 small companies to be something bigger that what they are ???

I'm not sure but the way it was done, makes me think positively that there's a plan for both KAL & EXT for both being in the picture for long time not only in the Husab game.

theoratically, EXT could've found a better partner who's willing to get into that husab game with incentives as well for EXT, also KAL on the other side could've found another partner if idea is to get 1 project done & move on.

As for McIntyer being set, can still get set without being MD for both, holding shares for both or any of them could still secure him a decent future!! Being MD for both is more about controlling the future of both for a purpose & that's what I'm trying to figure out

May be I'm just looking too much into things

cheers,

No, IGO, you are 100% accurate and not over analysing here. A merger hmmmmmmmmm, now what would be the advantage of this to both companies though????

EXT have applied for another 2 tenements and these are 100% EXT owned which will add strength to them.

I still cannot work out how KAH fits in other than to list on the AIM and attract OS investor interest. Hmmmmm

I will do more research and get back to you.

PS Hope to see a bounce, think I am down 20K, but not bothered, paper loss I can afford to lose and I know the upside is 10 X this.

 

[IGO4IT]

imo, a merger is defenitely a positive step to value both companies higher. it will mean that profile & market cap of both will almost be double as a 1 company & that makes them a big player not 2 small companies.

its also safer for any instos to get in after a merger because they have many plays all over the world not copper only for KAL or gold only EXT but many plays.

in a case of a takeover, a merger will also benefit in pushing up the takeover price massively, which another advantage.

In terms of getting more cash for more explorations or futher projects, it will defenitly be easier after a merger as the profile of the new company will be multi-national/multi-project based on history.

Listing KAL in AIM with such a small size gives me the feeling that someone needed KAL to appear on the "markets" map first before anyone tries to evaluate it.

cheers

 

[nizar]

IGO4IT,

when are we expecting news about the additional exploration licenses (100% EXT) that EXT has applied for?

next week may be the last chance to pick at these prices

after PPI and CPI is out of the way this week, im expecting US markets to bounce and us to follow

 

[IGO4IT]

IGO4IT,

when are we expecting news about the additional exploration licenses (100% EXT) that EXT has applied for?

next week may be the last chance to pick at these prices

after PPI and CPI is out of the way this week, im expecting US markets to bounce and us to follow

I have no idea Nizar & to be frank I don't wish for it to come anytime soon...market is not ready to appreciate anything at the moment & I hate for this nice news to be wasted in such a pessimistic market.

My dates for these licenses was sometime in first half of June but I wish I'm wrong & McIntyer puts the news out with lab results at end of June so SP can get a positive move from it...otherwise it will be a waste!

cheers,