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simrose

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Everything posted by simrose

  1. simrose

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    Lordy. You are correct in your wording regarding Rio`s statement, ''at or near'' their existing mine, that statement has stayed in my head, for obvious reasons. It looks like the ANZ NOMINEES LIMITED <cash income a/c > are still desposing of their holding, but very slowly at that they have disposed of 2,226,091 shares since the last top 20 in april, besides anz their have been a couple of others dispose of a few. Drag100. I am pretty well impressed with your research, keep it up. Simmo.
  2. simrose

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    Interesting Article Re Uranium Explorers Uranium hunters on the move May 11, 2009 - 12:00AM To view the entire article, click on: http://business.smh.com.au/business/uraniu...90510-az79.html Sign up for news updates from The Sydney Morning Herald newsroom emailed each morning and afternoon: http://www.smh.com.au/newsletters/subscription.html Visit http://www.smh.com.au/ for updated local and world news, sports results, entertainment news and reviews and the latest technology information. Regards Simmo
  3. simrose

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    Good morning UB & fellow EXTer`s. Thankyou very much for that UB I pointed exactly the same out over on hotcopper and was ridiculed by Tibbs and a few others, they said I did not know what I was talking about, and I know why Tibbs canned me, he was protecting his farming interests in Bannerman, he did not want them deserting because you cant make money if your noble followers exit. EXT are testing the further 9 ks at the moment, if the U continues along this area which I believe it does, and we can hold off any T/O for another 12 to 18 months, we should be able to prove up about 500 million Ibs of U, with that said the company should be able to test these other areas by that time, of course if this were to happen EXT would have to C/R, the amount of shares issued by a future C/R would be small, with the current S/P, to do this of course we would need another 6 Rigs. We as S/Hs are in for a very exciting time ahead, I was out for dinner last night and run into a few people that I told about EXT 12 months or so ago and are very happy, they are all holding for the L/T which made me feel good. Simmo.
  4. simrose

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    Steve. I agree with you completely, if Kalahari want their 3% share increase let them buy on market, we have to buy, so they should as well. Then as you state there should be a rights issue, so us mere mortals can get a piece of the pie. Also on your suggestion I will email EXT and let them no how I feel regarding CR. We do not need to CR in the near future as the company announced about 6 weeks ago, they have enough funds to complete the drilling on Zones 1 & 2 and the testing of the further 9 Ks of strike, EXT will have roughly $22 Million in the bank after the above and the feasibility study. Simmo.
  5. simrose

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    Hi all Fellow EXTer`s. Mark. Yes I agree with you ,there will be no merger of EXT & KAH, the reason is obvious that is why it was halted whsn first muted. And I agree that the appointment of Rothschild`s is a sign that there have been feelers put out for EXT already, and with that said imho all offers will be flatly ignored until the updated JORC on RS OR HELD BACK. Harlee. I tend to agree with you, the Chinese will have a big say in who or whom gets control of EXT or HUSAB=RS, I honestly hope it is just that, then we, all EXTer`s can go and explore & drill the UIS tenements and prove up another resource. Oh and by the way I am fine, thanks for your concern, I posted last week and said I was going away to work, I am only home for 36 hours and I am off again, I will post when I get back next week. It could be a good day on the ASX tomorrow the FTSE IS UP 100 POINTS & AND THE DOW IS UP 91 POINTS. Simmo.
  6. simrose

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    Mark. Ext can only issue 15% of their current shares on issue under the Placement Capacity Under ASX Listing Rule 7.1. Which is only allowed once in a 12 month period, the amount of shares would be 33,000,000. If any more shares were to be issued, it is conditional on S/H approval at a AGM or EGM. I cant see any reason why EXT need to CR, ATM, we will still have over $20 Million in the bank after all the drilling is completed on Z1 & 2 and the testing along the other 9 ks of strike. EXT should wait until this updated JORC Res is completed in August to do a placement, as the s/p should be higher after the updated JORC = less share dilution. If EXT do a CR soon, or later imho it is about time the general s/hs had a chance to aquire shares at a discount to the market price= SPP & or a issue as well of some options, say ex price of $3.50 that would reward the s/hs for being faithful to the Co. I hope Kalahari buy on market as well, that will keep the s/p up. Interesting times ahead for all S/Hs. Simmo.
  7. simrose

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    Good evening UB & all EXTer`s. Yes I know where you are coming from Re the richness of the resourse, I posted yesterday stating that the resource is improving as the company keeps drilling Z 2, I also stated this previously after the feb release. And I also believe you are correct in saying or suggesting where this resource continues onto, imho it runs down past Ida Dome and into deep yellows tenement, as per their last drill release, a lot of people have forgotten our super hit down at Ida Hole GDD012, I think that is the hole number, and that hole had a hit of 44,000 ppm over a 4 or 5 meters but the hole was something out of this world so to speak, I could not find it in my records, if I remember correctly that hole was over 4,000 ppm and over 100 meters. I personally dont think a lot of s/hs realise what this resource could get to (excluding the l/t holders ) with the current results for zone 2, imho the company has way understated their top limit re the resource, and also if you look at the results in detail re Significant drilling intersections. You will notice they have only been releasing part of the holes as mineralised zones,as I say there is more in the detail, also zone 1 is getting better results consistantly. I have changed my mind in what I expect to be released in August after looking more closely at the results, I will make a statement now that the resource for both zones will exceed 300 Million Ibs, the only set back will be as if the Labs cant keep up with the samples, and I believe this is possible after viewing the last release looking at the drill holes completed, zone 1 is nearly finished so there must be a back log of samples then you have Zone 2. Any thoughts by other people would be appreciated. Someone asked about the renewal of the tenements. The EPLs are valid for 3 years with 2 renewals of 2 years each, before the renewals are issued the company`s have to meet certain criteria. You will not hear from me much in the next few weeks, going to earn some good $, so I can get some more you know what. Simmo.
  8. simrose

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    Fireblade. Your question regarding the Usakos epl, it lies directly above zone I and directly to the right of the RIO Rossing mine The Hoasib epl 3664 is to the right of Ida Dome and to the the Sth East of Paladins L. H. from what Ican work out. They may not get to explore the Usakos tenement, it depends on the Namibian Goverment. The exceptional drilling results just keep rolling in, with that said the zone 1 Res upgrade should be quite significant, also the resource grade in zone 2 seems to be getting richer, when the new res grade is released for these Zones it will be closer to 300 Million Ibs in total, naturally I am including Ida Dome in the equation, and with the extention drilling about to start to the right and below Zone 2, we are going to have as the company stated one of the biggest u res or if not possibly biggest U res in the world, if the the U runs all the way down to Ida Dome we will achieve the ranking of No 1 or No2 res Worldwide. Simmo.
  9. simrose

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    To all EXTers A very good article on Uranium which is very relevant for all of us. You can either go to uraniumseek.com which has some good topics or go to this link. http:www.salidacapital.com/admin/media/uploadedFiles/SalidaCapital_UraniumShortageLooming_April_22_2009.pdf Great to see them ""Mighty Bombers Win"" Simmo.
  10. simrose

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    Good afternoon Uncle Barry. I concur with your scenario of keeping the other tenements, and preceding on to make another significant discovery on our other tenements, which I did post on the other forum a few times. All current s/hs at the time of the eventual t/o, to have the opportunity to subscribe for shares. Now that would be a bonus. Good times ahead. Simmo.
  11. simrose

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    Clint. A very good report. The quarterly cash flow report showed a interesting scenario, as in that 40,000 $1 options exercisable on the 30/4/2011 & 65,250 options exercisable on the 28/3/2009 were cancelled in a sense it means more money in the bank as less share dilution. $27 Million in the bank as of the end of March, ""with the rest of the resource drilling to be completed by the end of june"" I am sure the end of june it all will be finished, and we should still have in excess of $20 Million in the bank. The activities report also states that drill chips & core samples not released from the Lab too the market have continued to show strong zones of mineralisation with the hand held spectrometer. If you look at figure 6 where the top & bottom arrows point, they state this is a high priority area, I pointed this out on the first release of the dotted line section which goes all the way to IDA DOME, and was ridiculed by a few people, and they said I did not know what I was talking about, I feel good, just like I knew I would diddlediddlediddle, A great report for all s/hs. Simmo.
  12. simrose

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    uncle Barry. Re the $500,000 I rang the EXT offie and spoke to Rance Dorrington about that money and I`m sure there was get out clause, I will ring tomorrow and ask for the proper explanation and post it on here. Re Simmo.
  13. simrose

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    Hi Harlee. Yes the next drill results should not be far away, and if they stay consistant with previous results the s/p should climb a little, if that seller at the moment stops we could have a reasonable lift. I also have moved house lol. Fireblade sent me a email not long after and said he loved the wording. I believe in telling it, how I see it but the truth hurts some people. Simmo.
  14. simrose

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    Hello to you Uncle Barry. I have heard some nice words from Harlee about you, also LE has mentioned you in some posts And I hope your keeping well. As you have stated,the tree has been shaken and a lot of d/ts won`t be holding anymore, that suits me fine, I`m a L/T holder, and intend to be until we are compulsary aquired, or in the slightest chance we get to get that divvy cheque in the mail. For some investors if we are T/O with cash it will be a big tax bill for some, myself it does not worry me as I have the majority of my holdings in my SMSF and the tax rate for holding over 12 months is only 10% or 15% if held under 12 months. Stephen Dattels re Polo Res accumulation rolls on, this fellow knows how to squeeze a $ & make it to $3 or $4. Uncle Barry I will sign off for now, and I am better known as SIMMO.
  15. simrose

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    IuckyII I thought it was about time I joined,its better we keep in touch here at the moment and enjoy the rise in the EXT s/p, there should be more drill results out, maybe late this week, or next week, as Harlee has mentioned their are a few people posting on the other sites for a particular reason to depress the s/p. Anyway here`s hoping for a great day for the s/p. Simmo.
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