(1) The 50-day EMA has held again, as it has done in April, May and July; (2) The share price is right at the bottom of the Bollinger band; (3) KAH has raised money to purchase more EXT shares, to keep their holdings to 40% after the (minor) dilution caused by the recent capital raising; (4) Polo is selling down other assets, and may be raising money to buy more EXT; (5) North American investors may be adding to their holdings after participating in the placements as part of the capital raising; (6) There has been no news for a while and EXT always delivers good news, so when they do so the share price should get an upward kick; (7) The short selling (up to 35%) in the last week appears to have petered out; (8) The share price values the current JORC'd U3O8 at US$6/lb - but there is still 9km out of 15km left to drill.
There are probably more reasons. Over to you...
EXT Price at posting:
$8.95 Sentiment: Buy Disclosure: Held
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