now we wait, page-7

re: interesting thought Lol you guys need to get a thicker skin, with the drop in the SP you are getting far too defensive.

I was referring to one of the conditions of the 100% consolidation:
Conditions precedent to this transaction include, Extract completing a capital raising of a MINIMUM of $10 million which will be utilised to accelerate exploration and drilling on the Uranium Projects.

I was making two points - firstly that if that Cap raising goes to a 'Sophisicated' holder then the top 20 will hold more than the 65% as suggested by Malcolm. Secondly I was hinting that the $10M wont last long unless long term funding (not just issuing shares) is found - which Harlee picked up on. :-).

Harlee, you seem to be putting alot of faith into the proceeds from the Gold mine. I am not too sure. Its now been 3 months since EXT belatedly told us the mine was going to close and yet we have been told nothing. I would have expected by now revenue estimates on the mine before closure, and maybe even an expected sale price of the mine. My worry is that after costs, debt etc EXT will make very little from the mine. But without some statement from EXT I guess we just wont know.

PS. While I am currently out, I still like discussing EXT. IMO it should be doing so much better than it is.. and it frustrates and confuses me why it is performing so badly. EXT sits on top of my watchlist, and I will be one of the first to jump back in if I think it is turning around.