Xtract Resources Share Discussion Threads

[the diddymen] 24/5/2021 09:59

I suspect that some investors have worked out that there will be no substantive news until the drill results are released. That will flush the short term investors out, and generally the short term investors tend to oversell. The shareholder base is a bit flakier than I expected!

As an aside if the assay is also a measure of the time lag to engage and deploy drilling rigs then Colin Bird may have done XTR a service with the second placing. If XTR have managed to sign off a contract to drill before the rush, then timing might be everything.

TD

[broken_arrow1] 24/5/2021 09:54

Very oversold from a technical perspective, stocks like this can bounce hard on relatively low volume.

RSI at lowest level since March 2020.

[sportbilly1976] 24/5/2021 09:48

joycey,

It is $1,000/tonne more then it was 6 weeks ago

[johnswan193] 24/5/2021 09:45

Continues to drop like a stone, what the hell is going on here?

[joycey1882] 24/5/2021 09:39

Copper price falling is probably a bit of trigger for the recent weakness.

[joycey1882] 24/5/2021 09:36

Hope you're right Chesty!

[chesty1] 24/5/2021 09:34

joeblogg the 10p options are still there & will be executed....It's a buy n hold story simples....Nothing has changed & true value will out...

Shake out any final traders & bam hit us with it CB!

[joeblogg2] 24/5/2021 09:31

What happened to the 10p options :(( Down nearly 7k now :((

[chesty1] 24/5/2021 09:31

Not a chance this will get to 4p.....

CB will will hit us with news this week IMHO.....Let's see!

[joycey1882] 24/5/2021 09:30

Looks like another sticky day. Back to 4p looks likely now. Oh well, a good entry point for someone!

[jeanesy] 22/5/2021 08:53

lets hope that late reported trade of 527K leads to better things next week.

[denjon] 21/5/2021 10:16

I know I said I wouldn't buy any more but I just couldn't resist a modest top up at 4.97p.

[chesty1] 21/5/2021 10:00

Nice links Count thank you! Our time will come!

[the count of monte_cristo] 21/5/2021 02:57

AYTM is in production, but it's an interesting comparison to make between Bushranger and AYTM, could be that within 12 months XTR have a resource, which is 100% owned, which is twice as large as that of AYTM's. It's also interesting to note, for the investor trying to understand the potential production size of the Bushranger project that AYTM is a 50k plus copper producer.



2021 guidance - 0.43% Cu head grade
Market cap (356p) - 491m GBP
Cu production guidance for 2021 of 52,000-54,000 tonnes
Significant open pit copper reserves (197Mt at 0.42% Cu) with LOM through to 2032

Proyecto Riotinto in Andalucía, Spain - 100% owned

Reserves and Resources
Recently updated Statement estimates Proven and Probable Ore Reserves total 197 million tonnes at 0.42% copper (0.82 million tonnes of contained copper).
Measured and Indicated Mineral Resources total 258 million tonnes at 0.40% copper.

Proyecto Touro - 80% earn in option
Contained copper, within P&P reserves only, is estimated at 392,000 tonnes and 2.1 million ounces of silver 2 years of development and 12 years of operation
Average yearly production of 30,000 tonnes copper and 70,000 ounces of silver in concentrate Shallow open pit mining with low waste-to-ore ratio of 2.43

[the count of monte_cristo] 21/5/2021 02:36

Another example of a copper company which has had to wait 10 years for the upturn in copper prices to get interest in it's copper project. I would imagine some know it all posters complaining about their management being "lifestyle" directors and "doing nothing but raising funds to live well", but having zero understanding of the commodities cycle, depressed prices in copper over the last 5 years and also the now accelerating investment in EV's etc.



"With copper prices at record levels and few development projects in the global pipeline, the time could be right for Western, which has been seeking a suitor for Casino for the best part of a decade".

[the count of monte_cristo] 21/5/2021 02:31

It had raised just over C$4 million in a placement at 18c in July 2020.

Pan Global shares (TSXV: PGZ), which have ranged from 15.5-72c over the past year, closed up 9.68% yesterday to 68c, putting its market cap at $104.3 million (US$86 million).

[the count of monte_cristo] 21/5/2021 02:15

I don't think it was CB, he likes to buy in round numbers, 1m at a time. Also, if the assays are imminent or other news is due then the company will be in a closed period and he wouldn't be able to buy in the open market. I guess we will find out today.

[jackthecat1] 20/5/2021 20:34

I was thinking the same oneday. we shall see. Either way, i feel we have bottom out after a tough few weeks. Great entry point and at a discount to the placing. O/T, but its all happening at WSBN now too. Very much worth a few quid in there going forward. But hurry!!.

[onedayrodders] 20/5/2021 20:23

Might be CB again and RNS in the morning

[all in eol] 20/5/2021 17:38

Nearly a million bought after close at 5p
923,303
50,000

[onedayrodders] 20/5/2021 17:33

I should add curtesy of LSE poster

[jackthecat1] 20/5/2021 16:57

good spot and i fully concur. Great entry point now imo. Its on the bounce up now.

[onedayrodders] 20/5/2021 16:48

another local explorer with delays like us .. nothing sinister IMHO

Explorer in Lachlan fold Thomson Resources completed drill program at Mallee Hen Gold 3 March 2021 and assays expected next few weeks from ASX announcement 3 May 2021. So say 3 months if few weeks accurate...
“Due to unexpected laboratory delays caused by heightened activity in the region, the results from
the Mallee Hen gold project have taken longer than expected, but we anticipate receiving them in the next few weeks.”
Hole 2 completed 5 Feb but RNS indicated work on site before sending to lab.

hxxps://themarketherald.com.au/thomson-resources-asxtmz-completes-drilling-program-at-mallee-hen-2021-03-03/