Xtract Resources Share Discussion Threads

[all in eol] 23/6/2022 21:23

mtw borrowed time, your posts are starting to fall in to the thread disrupting category…

[zero matrix] 23/6/2022 19:58

Copper is no more plentiful than it was last year. And a the future requires a lot of it. We may have had peak oil, and energy in the future is going to manifest as electricity. However this is generated. Copper is essential to the transportation, locally and long distance, and often in the generation, of that energy. A mine takes years to commission. and that commission date will be lie in an economic and political landscape that we can't begin to predict as of today. My point is that today's short term movements in the market price of copper have no bearing on the purchase of a future mining resource. Anyone suggesting otherwise is demonstrating a rather striking naivity.

[papillon] 23/6/2022 18:09

Almost unbelievably copper futures are currently down over 5% on the day.

[zero matrix] 23/6/2022 17:05

The mid price started the day at 4.65 and dropped to 4.625. All trades were below the lower of those two mid prices.

[steve4077] 23/6/2022 16:45

Some of them are buys - anything below the mid-point is posted as a sell. Based on the activity, the 4.5x trades are sells and the 4.6x trades are buys.

[zero matrix] 23/6/2022 16:33

I've put the Babycham back in the cupboard under the stairs. What an odd day. Just 18 trades, all classed as sells, totalling 580,000 or so in volume, and the bid price remained all day at 4.5p. Surely there will be a late posted trade or two to balance things up>

[steve4077] 23/6/2022 16:10

I wonder what % of posts on this board are from people who actually own the stock :) LSE and Telegram are active and better moderated if anyone tires of the noise to signal ratio.

[papillon] 23/6/2022 15:50

I've copied the following post from the GPM bb. It makes a lot of sense to me. King_Baller 23 Jun '22 - 15:25 - 1405 of 1406 0 0 0 Commodities are breaking down. USD wrecking ball in action. The funny thing is we’re likely in a global recession right now, but the Fed will have to wait for backwards looking inflation data to moderate before stopping rate hikes. Meaning we’re heading for a deep global recession. Gold will front run soon it IMO.

[papillon] 23/6/2022 15:37

https://www.kitco.com/news/2022-06-22/Billionaire-Seth-Klarman-sees-value-in-gold-nobody-should-own-cryptocurrencies-interview-with-Harvard-Business-School.html

[zero matrix] 23/6/2022 14:20

I've put a small bottle of Babycham on ice so that I can properly toast the first blue trade of the day. If such a thing transpires.

[backtothesoil] 23/6/2022 13:41

I find my backside chart very reliable.

[papillon] 23/6/2022 12:34

I held some PXC shares last year, hubs, but sold them. I don't want to frighten you, but a very bearish H&S (Head & Shoulders) has formed on the PXC chart this year. A possible target price is circa 25p. The PXC share price has been weak lately, but at a current 41p it looks like it's got further to fall. Of course chart patterns are not infallible, but the H&S is one of the most reliable. We live in troubled times, hubs.

[hubs] 23/6/2022 10:55

Thankyou pap. With no significant news this will follow that. Also have some PXC which has been following the copper chart to a tee recently, mainly because its in a fairly quiet news period. As we know, that can shift in a few seconds with the right RNS!

[mtw] 23/6/2022 10:52

Do they think enough red thumbs will halt the share price slide ? lol

[papillon] 23/6/2022 10:47

free stock charts from uk.advfn.com Copper chart, hubs. A bearish "Death Cross" has recently appeared on the copper chart. It's the first time the 50 day EMA has dropped below the 200 day EMA since we'll over a year ago. I did read yesterday that hedge funds are shorting copper, but whether that's true I have no idea.

[mtw] 23/6/2022 10:17

I think the red thumb down police are embarrassed. They now cant cope with the truth that their faith in the xtr guff has been misplaced. Bluff is good if its of the Bottom Line Up Front kind.

[onedayrodders] 23/6/2022 09:58

I'm guessing CB knew even if he brought the circus to town to celebrate Manica production, this awful market would have just farted in bed and turned over and gone back to sleep.Would have felt embarrassed doing a cartwheels RNS and seeing the share price reaction

[mtw] 23/6/2022 08:48

The red thumb down provider obviously would like the lack of clarity in the RNS to continue lol

[mtw] 23/6/2022 08:14

Mr Bird needs to ensure more clarity in revenue reporting. Where are the figures for Xtract ? The interchange between Explorator and Xtract is misleading as Explorator has to pay third parties before the figures for XTR can be determined. XTR shareholders need to have Xtract figures so as to provide guidance going forward. The way that RNS was presented is smoke and mirrors as it implies higher revenue to Xtract (XTR) than what was actually received. The mistrust here is a constant drag on the share price

[hubs] 23/6/2022 07:35

Maybe worth posting the copper chart as a comparison Pap, very similar action recently. I've reduced here while these things stabilise, which they will, but when, we don't know. I prefer the simple to exponential, but it still can't tell the future. Damn! gla.

[papillon] 22/6/2022 22:44

free stock charts from uk.advfn.com

[asitis] 22/6/2022 19:24

Well well what a surprise. The figures released previously are economic with the truth. No wonder the market just doesn't trust Bird. Nothing released can be believed. Oh dear.

[arcadian] 22/6/2022 18:12

Maybe the Ascot gold will turn out to be a game changer.

[hanmudoman] 22/6/2022 15:27

With a current holding of 14,586,966 ish shares... CB is not going to lose interest imho

[goforgold1] 22/6/2022 14:26

Copper under $4 now not looking good not commercial now looking more and more like that now.