ok ill explain insider.....as i said earlier there will be a share capital consolidation..this isnt if its when..so lets say they announce the consolidation when EXT are 8 cents..1 new share of every 10 for example..then 900million shares on issue become 90 million new shares..lets assume a simple shareholder has 100,000EXT shares pre consolidation.now he owns only 10,000post consolidation and yes the shares are now worth 80cents..as is normal in 95% of this situation the shares drift back to say 20cents over a short period and it is likely as with the slow and expensive drill program..there is ur 2cents price again..mayb im right mayb im wrong..only time will tell and it just as easy could go down to 2cents pre consolidation too..anyhow i hope im wrong but i smell a rat and am sorry no offence as i love to see ppl make profits..only EXT im not sure..goodluck guys and as u said..yep its a spec stock so high return high risk is the order of the dayinsider said:Petee what you have described here is exactly what a speculative stock is. Don't for a second act like your surprised they're not making money. AGS don't make money and their market captial pushed about 200 million a few weeks ago. Infact there are so many of these companies doing the same what makes you single this one out? Quite frankly the biggest problem with the forums is that it seems like some people just simply dump their frustrations out in a thread instead of providing conctructive thought.
There are still results to come out, wait till they do then cry in pain or joy or both. The 37million shares at 6.5 cents to sophisticated investors gives me more confidence in the company that they are looking into the future and will release an updated prospectus. It's a good thing.
I make my decisions based on logical and emotionless thinking and not on addictive natural chemicals my body makes. In other words no one should start saying the sky is falling whilst they can't explain how it never touches the ground. From 7 to 2 cents is a pretty big drop so please explain how that will come about? I got my information earlier from a simple phone call.
P.S. Don't take it personally
EXT - Excite Technology Services
- Thread starter dwecke2000
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Petee, if the SP does fall back down to 20cent from 80cents after the consolidation, you're telling me that as more and more drilling results get announced, EXT's market cap will drop from 60mil to 15mil??? Sorry, is there something I'm not taking into account here? Ok, even if we do take into account the drilling program's cost and time, I just don't see the SP falling that much...
Geez people here on the EXT thread seem to know alot about EXT's future. 1 for 10 consolidations then share price going backwards in a big way??
Everybodys opnions here are only opinions. Lets all be open minded and allow this company to prove up their resource.Sure more funds will be required for further drilling, but hey if the resource base continues to grow and drill results continue to flow thru with credibility as they have, well future funding will not be a problem and possibly dilution wont be much more. So many options, China may take up an agreement,options may be put forth,Kalahari may issue more shares, EXT may list on the THX or AIM etc tc............
Possibilities are endless.
Maybe there will be a consolidation for 2 for 10 or 1 for 10, who knows?
Fact is nobody knows so as i do, dont take notice of anybody's posts on any forum and do your own research and dont allow anybody to distort the big picture if you have faith in this company as I do. I dont care what any one says, but the potential here as i stated at the start of this year and late last year is huge and recent results have only confirmed to everybody that this potential is becoming clearer.
Cheers
Everybodys opnions here are only opinions. Lets all be open minded and allow this company to prove up their resource.Sure more funds will be required for further drilling, but hey if the resource base continues to grow and drill results continue to flow thru with credibility as they have, well future funding will not be a problem and possibly dilution wont be much more. So many options, China may take up an agreement,options may be put forth,Kalahari may issue more shares, EXT may list on the THX or AIM etc tc............
Possibilities are endless.
Maybe there will be a consolidation for 2 for 10 or 1 for 10, who knows?
Fact is nobody knows so as i do, dont take notice of anybody's posts on any forum and do your own research and dont allow anybody to distort the big picture if you have faith in this company as I do. I dont care what any one says, but the potential here as i stated at the start of this year and late last year is huge and recent results have only confirmed to everybody that this potential is becoming clearer.
Cheers
Who knows, the other future funding may come from a Joint Venture with RIO or Paladin? RIO have a $120 million US budget to extend the minelife of Rossing which may also incorporate Husab as part of their intentions? The Chineese or India or US may take up agreements with EXT? The US were quick to take up contracts with PDN, so anything may happen.
Lets all be open minded to the possibilities, but first lets allow drill results to determine EXT's future. They so far have been very encouraging despite only a small section of such a big strike zone.
Cheers
Lets all be open minded to the possibilities, but first lets allow drill results to determine EXT's future. They so far have been very encouraging despite only a small section of such a big strike zone.
Cheers
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i personally think its funny how much money ppl will put into speccie stocks, i was doing the same during the beginning of the year and whilst doing so past up on some bargains.
i look try to at fundamentals now, not the what could be and what should be
with EXT has been slowly dropping for a while now and that is following very good news. i wouldnt like to see what sp does following a bad ann.
i look try to at fundamentals now, not the what could be and what should be
with EXT has been slowly dropping for a while now and that is following very good news. i wouldnt like to see what sp does following a bad ann.
I dont post here anymore as I am sick of people attacking me.
I have heaps of news as I speak with Peter Mac all the time. In fact I am meeting with him at the next broker presentation.
I know more than enough so will post in December when things warm up.
BUT for now will only state this:
1. EPLs coming soon
2. Next drilling results due in next 2 weeks
3. Wait to see who the sophisicated investors are (this is the key)
4. Peter Mac going os to London and Toronto in discussions with instos.
5. Drilling campaign about to get serious now they have the funds
6. Look at FORSYS Valencia deposit, that company is now 2.25 (next door)
I am not replying to anyone so all the best to everyone who stick long term.
Whiners please sell and look elsewhere for profit.
I have heaps of news as I speak with Peter Mac all the time. In fact I am meeting with him at the next broker presentation.
I know more than enough so will post in December when things warm up.
BUT for now will only state this:
1. EPLs coming soon
2. Next drilling results due in next 2 weeks
3. Wait to see who the sophisicated investors are (this is the key)
4. Peter Mac going os to London and Toronto in discussions with instos.
5. Drilling campaign about to get serious now they have the funds
6. Look at FORSYS Valencia deposit, that company is now 2.25 (next door)
I am not replying to anyone so all the best to everyone who stick long term.
Whiners please sell and look elsewhere for profit.
would not worry at all Jemma about those whom have been giving you unwanted attention regarding EXT. It is those whom post minimal such as you and I, that really know whats going on behind the scenes with macca and EXT. Those whom post absolute dribble and downramp or upramp this stock continously are doing so at their own stupidity.
I too Jemma have been accumulating with absolute confidence.
Speak again December and we can laugh at all the posts on ASF until then, but i know who will have the last laugh in relation to the SP. US!!!
Cheers
Johnno
I too Jemma have been accumulating with absolute confidence.
Speak again December and we can laugh at all the posts on ASF until then, but i know who will have the last laugh in relation to the SP. US!!!
Cheers
Johnno
Sean K
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johnno261 said:
The irony of this posts just cracks me up. Good luck Johnno.
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i dont know what is going on with EXT sp has been slumping and other uranium stocks have been performing. spot price of urnanium is up.
seems to be stuck around the 7.2 - 7.5 cent mark.
seems to be stuck around the 7.2 - 7.5 cent mark.
Well I got some more today, cant believe that even after the announcement I still got some more at 7.5 cents. Quite a healthy few more as well.
From a TA POV, compare the buy side to the sell. Look at the buyers lining up. I just dont understand why people are selling.
Fundamentally EXT just keeps getting better and better, yet at 7.5 cents it has a lower market Cap than a few other more favoured Ur explorers that have not even released drilling results. And dont forget EXT currently produces gold.
EXT has got to be one of the more wierder stocks going around. While I have never claimed EXT will get to $1+ like some others here. AT 7.5 cents IMO it is riduculasly undervalued.
Bring on 30 cents plus, and with todays 'top-up' I can retire to that greek island I so badly want.
Cheers, and good luck to all.
From a TA POV, compare the buy side to the sell. Look at the buyers lining up. I just dont understand why people are selling.
Fundamentally EXT just keeps getting better and better, yet at 7.5 cents it has a lower market Cap than a few other more favoured Ur explorers that have not even released drilling results. And dont forget EXT currently produces gold.
EXT has got to be one of the more wierder stocks going around. While I have never claimed EXT will get to $1+ like some others here. AT 7.5 cents IMO it is riduculasly undervalued.
Bring on 30 cents plus, and with todays 'top-up' I can retire to that greek island I so badly want.
Cheers, and good luck to all.
