EXT 0.00% 1.0¢ excite technology services ltd

looking forward to quarterly, due end of april

  1. 1,006 Posts.
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    With all eyes currently focussed on the commencement of drilling to determine uranium reserves, little attention has been paid to the price of gold and the impact this will have on the first full quarters results since the gold pour commenced in late November.

    These results are due at the end of the month, and will provide an underlying valuation for EXT's gold assets.
    I've just had another look at the December results and cant see where any/or much in the way of actual gold sales were realised in the quarter......can anyone confirm this?

    If this is correct then it is important to note that if the December quarter results included little or no gold revenues, the revenues from gold sales in the March qtr should surprise the market....especially as EXT were unhedged at the end od Dec qutr, and the gold price in AUD has shot through the roof.

    Note that per the December report 'gold inventories in the form of mined ore stockpiles at surface amounted to approx. $5.3m, of which EXT is entilted to 50%'

    I wonder how much more ore has been refined, and how much has been sold in the March qtr.
    If I am reading the last report correctly, the March qtr report should be amazing, and underpin the EXT share price once and for all.

    Would appreciate any input from anyone well versed in deciphering accounts

    May see some bumps along the way with EXT but cant see much downside in the long term...although a dip would be great so i could get some more.

    Go EXT!
 
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