EXT 0.00% 0.9¢ excite technology services ltd

ext results vs gir, page-16

  1. 7,464 Posts.
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    re: better pr Is cool George, I think that EXT got damaged by people not understanding the Gold mine closure. I for one think that management did the right thing.

    It is very difficult to run a mine at a profit unless it has outstanding grades in Australia at the moment with the rising cost mainly of skilled workers and machinery. There is even a shortage of tyres for crying out loud. I know this from running an underground mining contracting business in Kalgoorlie.

    One more point I would like to make to you. In all the reading I have done, and you know I am doing this a lot, Peter Mac did an interview, I think it was with miningnews.com. He mentioned on there why he was keeping this low key, as respect for the Namibians. I am sure, that once this gets out, nothing will stop it. At the moment, we are at the hands of suffering by the day traders. Did you watch it today, just when its running and positive, a daytrader dumps a couple of million at market and dropped the price back to 10.5, EXT recovered from this belting, but dont you think it makes the buyers beware.

    Now no doubt this would usually send the price south so our resident dumper can get back on. But, today that person didnt make it, the price stood its ground. Surely that is a great observation. If she runs again tomorrow, just up to 12 cents, we will know that dumper missed out.

    So, good luck and hold tight IMO

    Harlee
 
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