Xtract Resources Share Discussion Threads

[onething] 26/10/2021 18:59

A note about the lower volume and an intra-day slip back in the share price (although price watching is so inappropriate for this stock). There was a significant order today (2,250,000 shares, iro £130k) booked after hours but indicated as soon after 9am this morning. No doubt given the size of this one order it was worked throughout the day. This is a market maker stock and they have the leeway to nudge and jostle the buy/sell prices to achieve their objectives.

Still, the UT closed us at a nice round 6p, and we have witnessed a strong commitment from someone today.

[onething] 26/10/2021 18:51

It was a quiet day today, but let's put the banalities aside now. Mea culpa.

There were perhaps only 20 of us attending the AGM yesterday (where were you all - it's free, and rather good fun overall), although an AGM can be a dry affair, watching all resolutions pass more than comfortably on proxy vote casting.

But the real value to a shareholder, or potential shareholder, is to share the room with the Board, look them in the eye, and listen to them talk without any protection of distance or other separation.

We can second guess all we like on bulletin boards, but this is vacuous tittle-tattle compared to meeting and talking with the small group of professionals that are steering this exploration company, probably often against the odds, to a really rather remarkable developing outcome. The mixture of luck and judgement - this is after all a pivotal moment in the realm of copper supply - is coming together. Who could not excuse those responsible, particularly our straight-talking CEO himself, for letting their enthusiasm for these exciting projects rise to the surface.

Carry on Colin. I, for one, am very much enjoying the ride, quite apart from the potential gains to be had.

[onething] 26/10/2021 17:08

Probably. Was encouraged to feed some tigers once through a fence. The supervisor lost half a finger. He tried to disguise it, but it's a messy business.

[nicknick] 26/10/2021 17:01

Onething if you go to the zoo would u feed the animals same applies here. DO NOT FEED THE TROLLS.

[onething] 26/10/2021 13:34

I wonder Lurker, and this is a serious question as you mentioned sentiment ... would you not think collective sentiment is a backward looking indication, whereas the decision to invest on the back of thorough research, at price levels that clearly show not many have reached the same positive conclusions, shows forward thinking, possibly contrarian, but definitely destined for a better return should the analysis prove correct. The proviso here is of course that not everyone gets it right all of the time. Even when riding the coat-tails of positive sentiment.

I do note that you have held from the beginning, as you say. Would you not agree that between the beginning and now, sentiment has ridden a roller coaster, to say the least. At which points did you spot those pivot points of sentiment. It seems you rode the highs all the way back down again? Is that trading successfully?

I ask out of genuine interest and to benefit from your experience.

I have always found that well-informed posters on bulletin boards can be invaluable. The trick is to use one's own judgement to work out who those posters are and who are the casual naysayers or Walther Mittys. My rule of thumb is to pay attention to, but not overly indulge the naysayers. In general I feel that serious investors with serious concerns find other and better markets to research. They don't waste time on a stock in which they currently have little faith.

[onething] 26/10/2021 12:30

Good for you too backtothesoil. Sticking up for Lurker.

[onething] 26/10/2021 12:19

Good for you Lurker. You've mentioned before that you are quite the expert.

[backtothesoil] 26/10/2021 12:18

Onething. You're pushing your luck criticising lurker5.You clearly are unaware that he/she advises some of the biggest companies in the country on their investment strategies. I think you need to apologize.

[lurker5] 26/10/2021 12:03

I'be been in from the beginning thank you Mr Thingie. Spotting when sentiment has gone too far one way or another is why I trade successfully. You should try it. Otherwise keep wincing !

[onething] 26/10/2021 11:27

It seems Lurker is doomed to wonder if he/she should take a punt at 60p. I wince on your behalf.

[lurker5] 26/10/2021 11:03

It would be positive if true. But we don't know yet.

[chrysalis99] 26/10/2021 10:16

2mt from just two phases of drilling and near-term sounds positive to me.

[divmad] 26/10/2021 08:31

Point 4 was certainly in a different league (lower) to the assertions at last week's rampfest evening gathering.

[the diddymen] 26/10/2021 07:06

Lurker I have never seen a 'bold' statement start with the word 'hopefully'. A speculative statement might be a more accurate description.

Hole 23, if on the correct pad, should give context and should be here shortly! (A conditional statement to add to the mix!)

[lurker5] 26/10/2021 01:21

Mir - How solid was item 4 ? Pretty bold statement if you ask me !

[all in eol] 25/10/2021 21:40

goforgold125 Oct '21 - 17:50 - 3330 of 3333

Looks like we need to consolidate at this level?

[all in eol] 25/10/2021 21:39

Mirabeau25 Oct '21 - 20:07 - 3332 of 3332

Thanks for posting

[goforgold1] 25/10/2021 17:50

We have a sell back

[onedayrodders] 25/10/2021 16:42

The old round number selling ... never changed ... personally I think 20 or 30p is a nicer round number and happy to wait

[oliversydney] 25/10/2021 16:09

All this talk of tax is of no great concern if the share price reaches what now seems possible or a possible take over price
I am sure I am not alone in having enough tax losses over the years to offset any capital gains tax and would be only too happy to confront that senario

[lurker5] 25/10/2021 08:57

THey'll have made a profit on the shares (we hope !) in which case there'll be gains tax. Maybe someone can look back to the last time CB sold a company/project, and see how he met any tax issues

[chris cat] 25/10/2021 08:01

If tax is material, won't they just sell the companies shares....AA or whoever can then dispose of the assets that they don't want? I think that would minimise any tax on the company