Xtract Resources Share Discussion Threads

[jeanesy] 22/10/2021 10:41

there she goes 6p :)

[goforgold1] 22/10/2021 10:29

Told you BREAKOUT BREAKOUT GAP UP COMING. You can not keepA good share down even mms Can not if there is volume

[jeanesy] 22/10/2021 10:24

Looks like 6p is coming today .. 5.95p currently !

[qazwsxedc69] 22/10/2021 10:21

You'll have to come up with something better than that if you want to keep a lid on the share price Interesting how you always, always, always crawl out of the woodwork with when it's rising. And only then.

[lurker5] 22/10/2021 10:01

Reaching a possible 2MT doesn't 'trigger' a buy-back or offer. It 'triggers' the 'possibility' that AA might, at the time, have enough capacity or funds (out of all its other activities and opportunities) to 'consider' whether Bushranger 'might' fit into them. (Just as well to remember that)

[the diddymen] 22/10/2021 09:57

The share is very nicely set for the next round of news.

[brasso3] 22/10/2021 09:56

The chart is signaling a much higher price in the short time. Would not be surprised to see 10p - 12p by the end of the year from here. A lot of people will sell at that level but it could be way too early

One of my most painful experiences with mining stocks was selling AYM about 10 years ago when it doubled from around 5p to 10p. It went on to hit 90p. From 2009 - 2011 the copper price went from $1.50 to $4.50/ lb. I expect copper could easily be in the $6 - $8 range over the next 1 - 3 years.

[denjon] 22/10/2021 09:54

African assets alone soon if not already worth 6p.

[denjon] 22/10/2021 09:52

Still sooo undervalued!

[goldenshread] 22/10/2021 09:52

Colin Bird said recently they still had £8m in the bank, also remember there is some alluvial gold production income as well + they expect their African gold/copper projects to deliver meaningful revenues in Q1, he said in previous interviews that this could be as much as $700,000 a month free cash to Xtract.

There are no placing worries at all in the medium term therefore.

This is a fill your boots opportunity IMO.

[broken_arrow1] 22/10/2021 09:48

The market is still 'at best' for small quantities of shares, tells you all you need to know.

[picardy] 22/10/2021 09:44

With these drill results, it is hard to see any downside to this. Perhaps, they will need to raise the funds at some point, but other than that, I struggle to see how these can remain at the current levels for much longer...

[jeanesy] 22/10/2021 09:30

if AA are serious about buying the resource then surely they should be making an offer sooner rather than later . The more positive drill results the more it is going to cost them and CB is not hanging around. They need to get their skates on !

[goldenshread] 22/10/2021 09:15

Those who attended the meeting last week suggested Colin Bird said he was confident they had already discovered the 2m tonne Copper resource that would trigger the Anglo American buyback clause.

It can only be a matter of time before Anglo make their first move therefore, they must buy at market value, many believe this deal could be worth 25p to 45p per Xtract share.

Exciting times for holders, no wonder it is increasingly hard to buy the shares.

[qazwsxedc69] 22/10/2021 08:59

Can currently sell about 300k for 5.75 after that it's NT

[denjon] 22/10/2021 08:26

SP has to start rising soon! Game on.

[goldenshread] 22/10/2021 08:25

Can confirm there is nothing online, they are clearly sitting there waiting for sellers, as I see this XTR at current levels is like buying GGP around 2p-3p before the move to 30p+

It looks like they have found a world class copper resource, the market is yet to latch on.

[avsome1968] 22/10/2021 08:16

I took a few more on Tuesday Jeanesy that's my lot now, bottom draw for me.

[broken_arrow1] 22/10/2021 08:14

Hardly any stock online currently with most retail brokers 'at best' for small quantities.

Suggests a decent move up is coming folks.

[jeanesy] 22/10/2021 08:04

Added this am

[the diddymen] 22/10/2021 07:03

CMC it was a constant theme of CB throughout the presentation, and it was wider than bankers. Time to get back to a bit of reality!

[the count of monte_cristo] 22/10/2021 03:05

In that presentation, at 20 minutes, CB is also critising these idiotic, overpaid bankers and 'Goldman Sachs experts' for their idea of different levels of copper. These experts paid half a million a year and wear nice suits, don't know that much:)

After listening to CB's presentation it makes me even more confident to continue buying and adding.

[the count of monte_cristo] 22/10/2021 02:45

Cinoib - stop being so sensitive because you were wrong and trying idiotically to twist my words. As mentioned previously we have high grade drill results at our Zambia project (small high grade) go and have a look at them. Also, at 25 minutes into the CB presentation you can hear him discussing the global copper grades, listen to him because your understanding is wrong and you are confusing small high grade copper projects with massive low grade copper projects which supply most of the worlds copper. Stop living in the 1990's:)

DozyDuck - I don't think they actually do have that much more experience than most of the posters on here, foolish of you to say that they do when you have no idea who the PI's are on here. The fact remains that us 'inexperienced' PI's have been buying this since it was sub 1p, if that is inexperience then I think we are all happy to be called that. Also, if these experienced fund managers may have better investments, I would love to see something better than Bushranger:) I think it's absolutely fair to criticize the funds for missing XTR, it's why I prefer to manage my own investments than to pay someone to do it for me. They have missed this and will now need to pay a higher price if they want to get a stake. I think us inexperienced PI's will be happy to be called 'foolish' when the share price is above 10p and funds are paying much higher prices to build a stake.

This company is owned by 'inexperienced' PI's.

[papillon] 22/10/2021 00:49

O/T



The crisis in energy supplies is going from bad to worse.