re: reread todays report "the share price reflects the fact that...

re: reread todays report "the share price reflects the fact that these are low grade hits and also indicative of the lack of uranium experience amongst managements ranks"
Ha knowledge - that just about takes the cake for me today for the biggest laugh.
Low grade hits? Shift the decimal point one place to the left maybe, but multiple 10's of meters of those kind of grades, & multiple mineralised zones? Read it again & reread their other rpts. Then compare it to companies that are hitting 2-5 mts of lower grades - wow.
Lack of experience amongst management ranks? Pretty sure you were referring to EXT, but that can just about apply to most of the Uranium cos that have sprung up over the last yr. Management & geos with significant U3O8 experience are as rare as hens teeth. Remember DYL & their first go at drilling in the NT? There's a learning curve for you & since then they've performed admirably.
No, quite frankly I think it comes down to impatience & the speed of delivery (SP increase, assay turn ard time & no of assays) - seeing fast returns via momentum plays with a plethora of other U3O8 companies (adrenalin fueled), and of course the no of shares & the proposed restructure. I suspect the longer time frame for EXT seeing an overall steady rise does not suit the criteria of many traders, though there are plenty of short term opportunities eg. those that got in yesterday & traded out today are probably pretty happy.