Xtract Resources Share Discussion Threads

[papillon] 21/10/2021 20:53

I can't say whether it's different to PXC in July, or not, TD, since I have no idea how many day traders, or T20 traders, were active in PXC at the time. In fact I don't believe day traders are active in either PXC, or XTR. Day traders go for larger Mkt Cap shares where spreads are normally very narrow and it is easy to buy and sell large blocks of shares within that narrow price spread. That's not the case with either PXC, or XTR.
Resistance and support levels are generally recognised as the most reliable chart indicators.
Circa 50p was a longstanding PXC resistance level that resisted a number of attempts to break it over time, before the July good news finally led the PXC share price to break up above that resistance level due to buying pressure.
The circa 5.7p XTR resistance level is nowhere near as firmly entrenched as that PXC 50p resistance level.

[the diddymen] 21/10/2021 20:44

Not quite the kitchen sink but I managed to pick up another 300k today. As ever a new day tomorrow and I will take another look.

I am still able to wash up!

[meanreverter] 21/10/2021 20:37

There is a problem with boosting a 0.26% copper grade to a supposed "copper-equivalent" grade of 0.3% (just reaching the magic 0.3% cut-off number) by including 0.06 g/t gold and 1.1 g/t silver. Gold in tailings at 0.06 g/t, or the even more paltry 1.1 g/t silver, is well below the level needed for economic extractability. Neither precious metal adds anything to the real effective grade of the copper ore, which should simply be reported as 0.26%.

[all in eol] 21/10/2021 19:52

The Diddymen21 Oct '21 - 19:48 - 3243 of 3244

Or buy some more instead of selling?

[the diddymen] 21/10/2021 19:51

A'N E, you lost me there on poker terms.

As you point out like a poker player, sometimes you know when it is time to throw in the kitchen sink.

[all in eol] 21/10/2021 19:50

Anyone worked out where we are right now if we had a Jorc based on current drills?

[the diddymen] 21/10/2021 19:48

Paps, I think that this is different. There are few day traders/T14 traders in XTR at the moment - how many roll over trades do you see?

XTR has a solid base of PIs less any IIs. While everyone has a price at which they will take the first cut, you watch the supply dry up as investors hang on a little bit longer because they realise the price is going in one direction.

[cinoib] 21/10/2021 18:40

count, all I did was point out that there re still high grades available in some parts as you said you don't see high grades any more so no need to be rude.

[all in eol] 21/10/2021 17:43

21 Oct '21 - 17:33 - 3239 of 3240

Haha no. All in is a poker term, and EOL was a poker skin on Party Poker. At the time I had all my portfolio in EOL hence the alias. I’m still not frightened of chucking the whole lot in a share I believe in.
ATM it’s not the case.

[papillon] 21/10/2021 17:34

I wouldn't be unhappy at today's smallish percentage rise bearing in mind there is chart resistance around the current share price I remember PXC came out with excellent drill results on the 14 July, but it took until the 26th July for the PXC share price to break above a far more substantial chart resistance at circa 50p. Once it did, it quickly rose to circa 80p before profit taking brought the share price back down again!

[the diddymen] 21/10/2021 17:33

Just spotted that a CB 'ole is an anagram of Eol. Any relation?

[papillon] 21/10/2021 17:18

A good observation in post 3228, TD. 1BT of ore = 4MT of Cu.

[dozyduck] 21/10/2021 17:14

Fund managers don't invest, Count, unless they can get a useful sized stake. In any case, you don't know whether they have better prospects that pi's don't know about. Foolish to criticise those who have more experience than you.

[brasso3] 21/10/2021 17:13

Jeanesy

The formula to success on AIM is very simple if you have a good project/ prospect. Lots of communication via RNS, Twitter, Youtube, presentations etc. The AIM punters crave TLC and confirmation of their investment.

[jeanesy] 21/10/2021 17:03

Another day another positive RNS. If only other companies on AIM kept us this well informed. Slow and steady as she goes...I keep hoping for a small pullback so i can buy some more.. silly me the time to buy is now ! When the masses wake up this is going to fly !

[buzzarn] 21/10/2021 16:56

All adds to the bottom line. The whole situation is getting very interesting, though still under the radar of many private investors...

[all in eol] 21/10/2021 16:53

Any thoughts on the presence of gold in the ‘oles?

[the diddymen] 21/10/2021 16:33

The timing of the purchase by CB was either inspired or lucky. No sooner was the ink dry on the agreement than Copper started its rise.

Anyway - a bit to go yet both in copper prices and the quantification of the resource.

[the count of monte_cristo] 21/10/2021 16:18

I don't think anyone at AA should be fired:)) These majors are so big that they don't care, they will want to obviously see XTR prove up the resource, do all the hard work to bring it through to a viable project then they will (I speculate) acquire it for a very substantial figure, which won't even register on their balance sheet because they are so big. The larger investment will not be acquiring Bushranger but the spending of a billion dollars, which only a major can do, to develop the project.

If anyone should be fired then it should be the multitude of fund managers who are supposedly involved in the resource sector but have yet to invest a penny in XTR. These people are the ones who should be fired. Not to sound arrogant, but everyone on this bb is smarter than all of these fund managers, we took the risk and paid our money and we will make greater returns (% wise) than any of these highly paid people.

[goforgold1] 21/10/2021 16:12

Breakout BREAKOUT

[jjb71uk] 21/10/2021 15:49

'More and more, I am thinking, how could AA have missed this?'

Someone at AA may get fired shortly :P

[the diddymen] 21/10/2021 15:24

Don't discount two factors. Firstly CB has switched from 2MT of Copper to 1BT of ore. Assuming he used 0.41% as his assumption in 2MT and it is consistent to both figures, 1BT of ore is 4MT.

Secondly copper is in demand.

[buzzarn] 21/10/2021 15:23

https://www.voxmarkets.co.uk/articles/traders-cafe-with-zak-mir-colin-bird-executive-chairman-presents-xtract-resources-and-the-future-copper-shortage-crisis-f09a41f/