EXT - Excite Technology Services

[johnmwu3]

Now that EXT got the bottom price, institutional investor( big buyer) just buy at this price, they havn't bought enough , so the price can't keep rising, when the two ann. came out , the SP rise and later down again, so we may just keep our stake, Waiting.....
Cheers
John3

 

[Casual_Investor]

john, please improve English skills.

Thanks.

And also.. I dont get it. If you keep saying negative things about EXT, why dont you just sell the stock and move to the stocks you beleive in?

I (stupidly) bought this stock when it was being highly ramped, lost a bit of money, sold, moved on, put my money in other stocks and lost more! (due to market crash), but still holding them.

Oh well.. got a fair bit to learn in the market, but after all money isnt everything.

Cheers.

 

[IGO4IT]

I (stupidly) bought this stock when it was being highly ramped, lost a bit of money, sold, moved on, put my money in other stocks and lost more! (due to market crash), but still holding them.

Oh well.. got a fair bit to learn in the market, but after all money isnt everything.

Cheers.

Casual, don't feel that you're the only one losing, many of those with ages of experience lost as well & big values....if that makes you feel any better

In general, I could easily say, if ever since May until now I was patient enough in many stocks, I would've still made money, the problem is......I wasn't patient!!

Keep the spirit up & yes, money is not everything

 

[insider]

Hey John the biggest problem with being negative is that you'll sell too early in a rise, or worse yet sell when it's fallen... that's been my experience with AGS, the most recent experience for me

 

[Casual_Investor]

Hey John the biggest problem with being negative is that you'll sell too early in a rise, or worse yet sell when it's fallen... that's been my experience with AGS, the most recent experience for me

Well I know EXT is probably an exception, but you can never be sure a price will go up just because its fallen. Take BUY for an example. Doesnt look like thats going up any time soon

IGO, thanks for the that Im only a uni studnet with limited cash anyway so yeh.. not like the big boys out there who may have lost alot. I bet small so lose small. Still a lesson though. Hopefully when Im on a high income Ill know enough about the stock market not to blow it all on stupidity :d

 

[Archinos]

hmmm... so they've raised some more cash.

 

[insider]

In my opinion the results look pretty ordinary. Infact I don't think there was a signiicant improvement from the last update. Oh well let's see how the day pans out

 

[Sean K]

Issuing shares at $0.065 to 'key investors' must be worrying to holders buying in at higher levels. And why buy now with the price at a large premium to that issue price? Do they want the stock to go down to 6.5c? Bizaar.

 

[havingfun]

Share placement to 'Sophisticated investors' @6.5c.....mmm not sure what sort of investors that makes the rest of the market?

 

[Fab]

I don't like the term " Sophisticated " investor. Do that mean we are all dumb for buying at the current price

 

[Archinos]

Share placement to 'Sophisticated investors' @6.5c.....mmm not sure what sort of investors that makes the rest of the market?

Bunnies?
Anyway, I would have liked to have seen something else on the statement re use of the funds for more Husab drilling, scoping etc. Still, it's an extra $2.4 mill... Those rigs should still be pounding away over there - any guesses as to when we might expect the next rnd of results - end o the mth?

 

[petee]

Share placement to 'Sophisticated investors' @6.5c.....mmm not sure what sort of investors that makes the rest of the market?

worrying sign really..having to raise more cash at .065..arent there any confident "sophisticated" investors in the current shareprice..like i said long ago..be careful of this one as more and more share placements will ultimately lead to share consolidation..should see levels at .065 soon and i think not really good for all the current holders..pity really but this is the crap that goes on in the "penny dreadful" market..only 1 in 20 any good..anyway keep chin up and hope for the best.

 

[havingfun]

Bunnies?
Anyway, I would have liked to have seen something else on the statement re use of the funds for more Husab drilling, scoping etc. Still, it's an extra $2.4 mill... Those rigs should still be pounding away over there - any guesses as to when we might expect the next rnd of results - end o the mth?

I would have thought getting some of their options converted would have been a better way of rasing 2.4mil??
Bunnies ....Archinos you are too polite!!I'm sure they have another word for it.I dont own any and never have ,so its easy for me to be critical,but that was just the WRONG wording for that release.Anything else..industry,enthusiastic,mining...god i dont know ,but not sophisticated....sounds like a speech writer for the president..

 

[insider]

Hey... guys don't worry about it. The offer is to sophisticated investors... This means dudes that are stock brokers, own firms or have a portfolio of 2million dollars or more. They offer at a discounted price to attract investors. They're looking for long term investors not day traders like yourselves. Fact is this is more like a closed door kind of sale. As for the timing of the announcements, well they can't control the release times because the asx investigates that sort of crap. So hold on. But there are more husab updates on the way soon

 

[Archinos]

Thanks insider. I wasn't worried, I was just jumping on the 'have a whinge' bandwagon since I don't qualify as a sophisticated investor (ever hopeful though!).
As an example from Orbit Capital private banking website:

"2. Sophisticated Investors

A person who has net assets of $2.5 million or has gross income for each of the last two financial years of at least $250,000 a year.... A qualified accountant must certify that the person/entity satisfies this criteria and this certification must be no more than two years old."
sophisticated investors
They probably know what they're getting themselves into...

 

[nizar]

i agree.
placement at 6.5c is too much of a discount to the current market price
even if it goes through those "sophisticated investors" will dump on market and ensure the sp will not move for at least a month.
and i thought one of the key pros to this company was the management.
this is their 2nd screw up in recent times, after the other capital raising that was retracted.

 

[MoMoney]

if you were going to fork out over $2mill, would you want a little discount?

read the ann people..." The board, after considering various funding arrangements, are confident that the key nature of the placement applicants adds considerable strength to the company's register".

Peter Mc is the largest shareholder and did not put 37mill shares in the hands of cowboys!!

Funding taken care of, more results, new tenements, all before xmas! Ho Ho Ho

 

[x2rider]

yeah Nizar
Have to admit they must be sitting on a bit of a resource but in any company it's the management that does the Biz .
We have to two bad moves by management in the last couple of months , both of which has seen a fall in the share price . Would be intersting to see who's doing all the buying each time that this bad news is made public .
I am still holding and at the moment and just in the red . I was in the green and hope to be there again but the road ahead is a bit "Cloudy "

Cheers Martin

Ps . I rate myself as a sofisticated investor as well . I wore a tie when I went to school and put my hand over my mouth when I cough

 

[dj_420]

i agree with nizar.

i am very glad i sidelined my money about a month back when i was only slightly in the red. since then many other u exp have rocketed and taken off, AGS, BMN and EXT is still trending sideways and now will probably start trending downwards.

mgt has made some bad decisions in the past which has had sig impact on the sp.

there are now how many shares on issue?? this $2 something million in the coffers will keep EXT going for how long?? this is a huge drilling campaign and they have only just begun, they had completed 400 metres of an area 4 km long. if it took 6 months to do 400 metres it will take 60 months (5 years) to finish drilling. it just seems to be slower than other miners for some reason

pls correct me if im wrong in any area.

how many more placements will be needed to finish drilling. i just think the dilution will kill the sp and future value for this company

 

[johnmwu3]

Today's ann. just let us see why EXT stay at the bottom ( down from 15c) for so long , and make us know how Peter's management proficiency, and why EXT got so huge shares in placement, maybe EXT just sit in a huge U mountain but Peter doesn't know how to dig it out profitably.