EXT - Excite Technology Services
- Thread starter dwecke2000
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Yeah that one big seller kinda came out of the blue, price was being supported until then. Even then it closed 0.01 cents above what he sold at. Overall holding strongly around the 10 cent mark, but must admit I thought EXT would be doing have started going up by now and be around the 15 cent mark.
But as I have always said, it all comes down to the drilling results... where are they damn it?
But as I have always said, it all comes down to the drilling results... where are they damn it?
CanOz
Home runs feel good, but base hits pay bills!
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Happened to be watching EXT when the announcement came in, wow, wasn't it fun watching the buyers pile on!
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it is confusing me...
why sellers willing to sell low while there are buyers willing to buy more and more???
is this just a trick from "big guys" out there???
why sellers willing to sell low while there are buyers willing to buy more and more???
is this just a trick from "big guys" out there???
Not exactly the rises that everyone was hoping for............only 160mtrs of drilling results..........and that took about 2 months..........how long do we have to wait for the other 2000 odd mtrs.
Any one have any thoughts of the drilling grades...
BUT at least there is U there......and the wait continues
Any one have any thoughts of the drilling grades...
BUT at least there is U there......and the wait continues
To mind, the drilling results are not what I was hoping for. Now I am no expert, I am simply comparing these results to MTN, the other Uranium stock I hold.
While there are small pockets of very high grades, I would like to have seen many more between 500-1000 ppm. As it stands all this report says is... "hey there is Uranium here, and we are continuing to expand our drilling". Nothing to get the market really excited. Perhaps EXT should have got Wayne to write the report :2evil:
Now while the results arent terrible, and the stock isnt going to take a nose dive because of them, I was hoping (expecting) for better, and I think the lack of interest by the market is reflecting this. Perhaps though I was expecting too much from the initial drill results.
Now it is only 4 holes in a relatively small area. But if it has taken this long for only 4 holes, how much longer will we have to wait.
Anyway see how the market digests this over the next few days.
But perhaps these results reflect how good the MTN results were
While there are small pockets of very high grades, I would like to have seen many more between 500-1000 ppm. As it stands all this report says is... "hey there is Uranium here, and we are continuing to expand our drilling". Nothing to get the market really excited. Perhaps EXT should have got Wayne to write the report :2evil:
Now while the results arent terrible, and the stock isnt going to take a nose dive because of them, I was hoping (expecting) for better, and I think the lack of interest by the market is reflecting this. Perhaps though I was expecting too much from the initial drill results.
Now it is only 4 holes in a relatively small area. But if it has taken this long for only 4 holes, how much longer will we have to wait.
Anyway see how the market digests this over the next few days.
But perhaps these results reflect how good the MTN results were
MTN is based in Australia. They can't develop a resource there atm anyway. That is why a lot of people are interested in Extract. No restrictions. If you are going off MTN results lots of people would say why did RPT never go through the roof. They have had a deposit for quite some time.
What I am comparing is the drilling result grades. As I said I am no expert and this is the best I can come up with.
I am not comparing companies, just the drilling results, in order to try to figure out if the grades EXT have found are actually any good. I am more than happy for an expert in Uranium drilling to give some advice on EXT findings
I am not comparing companies, just the drilling results, in order to try to figure out if the grades EXT have found are actually any good. I am more than happy for an expert in Uranium drilling to give some advice on EXT findings
I dont think we could have been expecting too much more than what they released. I'm happy with it. It has made my mind up to just sit back now and see how the rest of their drilling program goes. I think its a good release. It depends how far and wide the uranium is spread. Rossing has a lot of uranium but at low grades. So grades does count..but if they have a lot of uranium there at low grades then a mine would still be developed.
Don't get me wrong, I am not selling. In fact just bought some more (short term trade only). But guess I was hoping the drill results would push this through the 15 cent mark. Unfortunately I dont think it will, but I would love to be proved wrong. And I take your point about Rossing, I was actually trying to find the the early drill results from Rossing and Langer but couldnt find them.
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the results are better than PDN's results in begining of their drilling in Rossing.
Market is not paying??? why would anyone pay more if many are happy to give away their shares for less.
1 point most of you are missing: 32m shares was sold & BOUGHT today!! for whatever that could mean to anyone with good brains, it has to be a good thing.
Fundementals of EXT are higher than before, market will pay more if it can't get shares for less.......until those selling cheap out there have no more shares or somehow get a brain upgrade, no one can ask why its going lower!!
Would anyone here pay more if you can get shares for less??
cheers,
Market is not paying??? why would anyone pay more if many are happy to give away their shares for less.
1 point most of you are missing: 32m shares was sold & BOUGHT today!! for whatever that could mean to anyone with good brains, it has to be a good thing.
Fundementals of EXT are higher than before, market will pay more if it can't get shares for less.......until those selling cheap out there have no more shares or somehow get a brain upgrade, no one can ask why its going lower!!
Would anyone here pay more if you can get shares for less??
cheers,
IGO4IT said:the results are better than PDN's results in begining of their drilling in Rossing.
Market is not paying??? why would anyone pay more if many are happy to give away their shares for less.
1 point most of you are missing: 32m shares was sold & BOUGHT today!! for whatever that could mean to anyone with good brains, it has to be a good thing.
Fundementals of EXT are higher than before, market will pay more if it can't get shares for less.......until those selling cheap out there have no more shares or somehow get a brain upgrade, no one can ask why its going lower!!
Would anyone here pay more if you can get shares for less??
cheers,
IGO,
PDN is not at Rossing, RIO is but I will forgive you for this.
You missed the gact that they stated only 3 holes completed and the 4th drilling result will be released shortly. See below:
• *Only the top of Hole HDD004 is currently available, with additional results to follow.
You also missed Kalahari's announcement on the AIM as below:
Kalahari Minerals Plc, the AIM listed mining exploration and evaluation group
with a portfolio of copper and uranium prospects in Namibia, has received
positive assay results from the first four diamond-drill holes completed at its
49% owned Husab uranium project in Namibia. The results reinforce earlier drill
and spectrometer survey data that the area has significant uranium potential.
Yes IGO they state the area has significant potential, that's different to the Australian announcement. This means there is many more huge announcements to come. You were right, this will slowly but steadily rise which is exactly what we want over the next 6 months.
I am also confident of a bounce in the next week above 10 cents again.
Someone is soaking, although a placement is due as they are nearly out of cash unless their quarterly shows gold production has increased which could pay for it.
bigdog
Retired many years ago
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Two related EXT announcements located which are positive.
=======================================================
1. Located the following article today from "MiningNews.net".
This provides better explanation of yesterdays ASX EXT announcement of July 19 2006.
http://www.miningnews.net/StoryView.asp?StoryID=62290 states:
Extract strikes it rich
Ben Sharples
Thursday, July 20, 2006
FIRST pass drilling at Extract Resources' Husab joint venture in Namibia has returned a number of uranium hits, including an unexpected "very rich zone" of 0.5m at 9.59 kilograms per tonne of uranium oxide.
Extract Resources director Peter McIntyre told MiningNews.net drilling had encountered a very rich but narrow zone of uranium at the Ida Dome, which has a radiometric signature of up to 4km long.
"The Husab area is about 550 square kilometres so it's a fairly significant footprint and all we've been focusing upon so far is those areas where we've had strong radiometrics signals, the first of those targets is what we call the Ida Dome," he said.
"As we analyse those holes, there's a couple of interesting results, particularly very high up in the system we've encountered a very rich zone of uranium, it's quite narrow but it's enriched and that was somewhat of a surprise.
"That in itself warrants us to go back and start putting in some closer spaced drilling around that enriched zone just to see if it does continue, to see what sort of grades and widths we can get out of that particular pocket."
Results from the ongoing 8000m campaign at Ida Dome include hits of 4.5m at 1.24kg/t of uranium oxide, including 0.5m at 9.59kg/t, 2m at 1.01kg/t, 10m at 0.335kg/t, and 10.25m at 0.26kg/t.
"Our first drilling is focusing on a 700m strike extent of the 4km radiometric anomaly so it's very widely spaced. It's not going to be a mine that is 4km long but within that we hope we're able to identify some economic zones," McIntyre said.
He said regionally there were a host of other targets that would be drilled in due course, including a geological structure in the northwest of the tenement close to Rio Tinto's Rossing Mine, and a geological structure to the south of the project area which appears to be part of the Goanikontes deposit, held partly by Bannerman Resources.
"There's another area on our ground which we're quite interested in is looking for palaeochannel potential or secondary hosted calcrete deposit, which is more like the Langer Heinrich deposit that Paladin Resources is developing," he said.
Extract has completed its 51% farm-in to the project by spending $400,000 on exploration, with West Africa Gold, a wholly owned subsidiary of Alternative Investment Market-listed Kalahari Minerals, holding the balance.
McIntyre said the joint venture would look at spending in the order of $2-3 million on exploration of the next 12 months.
"That should certainly make some inroads to each of the targets we've been generating," he said.
======================================================
2. London Stock exchange announcement stated:
http://www.lse.co.uk/ShareNews.asp?...rts_positive_results_at_Namibian_uranium_site
Share News for Kalahari Min (KAH)
Wednesday, 19th July 2006 09:56
Kalahari Minerals reports 'positive results' at Namibian uranium site
LONDON (AFX) - AIM-listed Kalahari Minerals PLC says it has received positive results for purity at its uraniam drilling site in Namibia.
The data came from four test holes at the Husab uranium project, a 49-51 joint venture with Extract Resources Namibia (Pty) Ltd.
The results reinforce earlier survey data that the area has significant uranium potential, Kalahari noted.
'The board's confidence in the Husab uranium project is increasing as the ongoing drill programme continues to produce positive results. These results indicate that the geology is similar to the other major uranium deposits in the region and we expect to see further positive indicators as the two-rig 8,000 meter drill programme continues,' chief executive Peter McIntyre said.
=======================================================
1. Located the following article today from "MiningNews.net".
This provides better explanation of yesterdays ASX EXT announcement of July 19 2006.
http://www.miningnews.net/StoryView.asp?StoryID=62290 states:
Extract strikes it rich
Ben Sharples
Thursday, July 20, 2006
FIRST pass drilling at Extract Resources' Husab joint venture in Namibia has returned a number of uranium hits, including an unexpected "very rich zone" of 0.5m at 9.59 kilograms per tonne of uranium oxide.
Extract Resources director Peter McIntyre told MiningNews.net drilling had encountered a very rich but narrow zone of uranium at the Ida Dome, which has a radiometric signature of up to 4km long.
"The Husab area is about 550 square kilometres so it's a fairly significant footprint and all we've been focusing upon so far is those areas where we've had strong radiometrics signals, the first of those targets is what we call the Ida Dome," he said.
"As we analyse those holes, there's a couple of interesting results, particularly very high up in the system we've encountered a very rich zone of uranium, it's quite narrow but it's enriched and that was somewhat of a surprise.
"That in itself warrants us to go back and start putting in some closer spaced drilling around that enriched zone just to see if it does continue, to see what sort of grades and widths we can get out of that particular pocket."
Results from the ongoing 8000m campaign at Ida Dome include hits of 4.5m at 1.24kg/t of uranium oxide, including 0.5m at 9.59kg/t, 2m at 1.01kg/t, 10m at 0.335kg/t, and 10.25m at 0.26kg/t.
"Our first drilling is focusing on a 700m strike extent of the 4km radiometric anomaly so it's very widely spaced. It's not going to be a mine that is 4km long but within that we hope we're able to identify some economic zones," McIntyre said.
He said regionally there were a host of other targets that would be drilled in due course, including a geological structure in the northwest of the tenement close to Rio Tinto's Rossing Mine, and a geological structure to the south of the project area which appears to be part of the Goanikontes deposit, held partly by Bannerman Resources.
"There's another area on our ground which we're quite interested in is looking for palaeochannel potential or secondary hosted calcrete deposit, which is more like the Langer Heinrich deposit that Paladin Resources is developing," he said.
Extract has completed its 51% farm-in to the project by spending $400,000 on exploration, with West Africa Gold, a wholly owned subsidiary of Alternative Investment Market-listed Kalahari Minerals, holding the balance.
McIntyre said the joint venture would look at spending in the order of $2-3 million on exploration of the next 12 months.
"That should certainly make some inroads to each of the targets we've been generating," he said.
======================================================
2. London Stock exchange announcement stated:
http://www.lse.co.uk/ShareNews.asp?...rts_positive_results_at_Namibian_uranium_site
Share News for Kalahari Min (KAH)
Wednesday, 19th July 2006 09:56
Kalahari Minerals reports 'positive results' at Namibian uranium site
LONDON (AFX) - AIM-listed Kalahari Minerals PLC says it has received positive results for purity at its uraniam drilling site in Namibia.
The data came from four test holes at the Husab uranium project, a 49-51 joint venture with Extract Resources Namibia (Pty) Ltd.
The results reinforce earlier survey data that the area has significant uranium potential, Kalahari noted.
'The board's confidence in the Husab uranium project is increasing as the ongoing drill programme continues to produce positive results. These results indicate that the geology is similar to the other major uranium deposits in the region and we expect to see further positive indicators as the two-rig 8,000 meter drill programme continues,' chief executive Peter McIntyre said.
