EXT excite technology services ltd

response to beerbaron

  1. 165 Posts.
    Hey BB thanks for putting you r thougts on the board and replying. I may have been unipmressed by the latest news release but it took you to step up to the plate and respond with analysis and insight rather than blind faith and cheerleading behind this stock.

    You're right about salem in that it could have gone either way...a big win or a dud.

    The good news to be gleaned out of their was their point about possible source material under RS based on similar hosting rock present in Salem. They really didn't elaborate enough on this. I have to admit I don't understand it and would love for a geologist to look at the Salem rock and what's present in the RS to explain it.

    You are also right on about me being frustrated. The day before the news release they announced we are officially seeking the best offer for a partnership or buyout that money can buy. From here on out we need big headline news releases that will take us higher. The lower this drifts the lower offers we are likely to get. We need to be giving our potntial suitors a lot of cud to chew on. There is no time left to waste here.
    With that in mind we need to put as many drills on the property as possible, get the resources as far along as possible as fast as possible, prove up the highest grade areas, attack potential large targets etc.
    If they were going to wait for the DFS before tying up with a partner they would not have come out with that ann.

    There is no more time to doddle here. We are now in the build up phase to the highest share price we will see either ever (buyout) or for a long time (JV deal).

    So, every new release needs to light a fire under the butts of the potential offerer. In fill holes arent going to cut it anymore.

    I'm still in until christmas to give extract the chance to show what they are capable of. But I don't think I'm being unfair or too demanding to expect some mind blowing results by then.

    source a handful of new drills
    connect z1 and z2
    connect z2 and z3
    show some significant step out holes around z1 and z2
    plug drills into all the major targets especially from the new high grade area
    and most importantly:
    updated resource of some kind (at least z2 alone) every pound we don't put into a resource category before the offers come in is a pound they don't have to count on their offer on a dollar per pound basis. Its obvious from the current share price that the market is giving absolutely no value to the potential of this or any U project apart from their existing resources.

 
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