EXT 0.00% 0.8¢ excite technology services ltd

good rcr report out

  1. 12,454 Posts.
    lightbulb Created with Sketch. 265
    RCR have put out a good report on EXT

    Some extracts (pardon the pun):

    "EXT has been a standout sharemarket performer with its stock up by >200% since the announcement (Jan '09) of a 108mlb U3O8 resource at Rossing South Zone 1. With total resources of ~250mlb expected by 3Q09, and RIO now holding 15.5% the shares still look undervalued....

    Overview: EXT’s exploration for uranium in Namibia is exceeding expectations as the world class potential of the major Rössing South discovery (located immediately South of the RIO’s Rössing uranium mine) becomes more evident. Exploration is advancing rapidly towards 200mlb U3O8 and beyond...

    Now in ASX 300 index. Still looks undervalued based on
    resource valuation, RIO stake-building. Medium term target
    A$5.00-A$5.50/share....

    Investment Comment: With market cap approaching A$1bn, EXT has recently been added to the ASX 300 index. RIO has recently upped its stake in EXT to 15.5% with an exercise of options. It also owns 15.8% of EXT’s parent KAH (KAH owns 38% of EXT). The question is, what price will RIO pay for the opportunity to potentially more than double its ~US$20bn Rossing uranium reserves? Current EXT price values the potential resource at US$2.30/lb (200mlb) or US$1.50/lb (300mlb), which would be a steal for RIO. Given the FSY takeout at US$7.50/lb, EXT (with RIO accumulating) looks very undervalued. Our 6 month target (anticipating Zone 2 JORC statement) is A$5.00-A$5.50/share (~US$3/lb valuation). 12 months could see A$7.00. Still an excellent risk/reward investment despite recent huge gains."
 
watchlist Created with Sketch. Add EXT (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $11.63M
Open High Low Value Volume
0.9¢ 0.9¢ 0.8¢ $10.38K 1.268M

Buyers (Bids)

No. Vol. Price($)
6 2633426 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 4663246 7
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
EXT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.