Xtract Resources Share Discussion Threads

[papillon] 01/11/2021 12:24

Next support level (20 day EMA) is 5.35p.
Today's fall should not come as a surprise. XTR share price is news driven and Friday's RNS failed to ignite investors enthusiasm. After almost 2 months of a steep uptrend a reversal was always on the cards if news disappointed. Let's see what the next RNS brings.

[qazwsxedc69] 01/11/2021 12:17

His constant posts were like listening to the internal dialogue of a 16 year old.

[divmad] 01/11/2021 12:13

He's traded out, that's clear. He's now punting BIDS on another bb.

[the diddymen] 01/11/2021 11:19

gfg re- sliding back. I do not think so.

[steve4077] 01/11/2021 11:05

The drilling updates are news :)

Read theiceberg blog to see what the latest update means for the company.

As for delays, we only bought the licence a year ago and the drilling is happening very fast. Lets compare to GGP. GGP acquired the Havieron licence on 25th July 2017. XTR acquired Bushranger on 27th October 2020. The respective announcement of the first drilling campaign was 50 days later for XTR (6000m) and 267 days later for GGP (2400m). First assay results were 143 days for XTR and 335 days for GGP. The second drilling campaign was announced after 258 days for XTR (20,000m) and after 419 days for GGP (6,000m). At the equivalent point in GGP history (compared to current XTR) they were still months away from even starting their second drilling campaign and even that was only planned for 6000m.

I've never seen any poster than goes from optimistic to pessimistic and back so quickly and so often. If you believe in the company, just sit back and wait for it to happen. Watching the daily share price movements is what causes the doubt.

[goforgold1] 01/11/2021 10:23

Well top was 5.8p to sell . No real news out just drill updates . What's happened to the other projects . Some was supposed to come to production as well . Seems a lot of delays going happening with XTR . Colin will need more money soon as well . He has enough till May at most . Need some real news now to move us over 6p . Otherwise we are going back to 4p to 4.5p

[qazwsxedc69] 31/10/2021 12:23

Great find and very good blog too

[papillon] 31/10/2021 12:14

Just Google icebergshares.blogspot to see his latest blog on XTR.

[papillon] 31/10/2021 12:05

Unfortunately advfn won't let me post the link to his blog, but I'll try to get around that later.

[papillon] 31/10/2021 12:03

[...]

Iceberg also posts on the lse XTR bb and his blog on Bushranger is well researched, well respected and very knowledgeable.

[asitis] 30/10/2021 09:19

I expect the men with deep pockets may show an interest after the current shareholders have been diluted out.

[papillon] 29/10/2021 19:28

free stock charts from uk.advfn.com


Unlike Asitis I don't make out I can predict share prices so I won't even try. The future direction of the XTR share price will ultimately depend on the RNS's XTR releases, not on the drivel Asitis spouts.
The XTR share price is resting on the 10 day EMA as support. What happens next week to the share price I have no idea. It will, no doubt, depend on the news issued by XTR.

[papillon] 29/10/2021 18:58

Asitis - 24 Aug 2021 - 15:05:22 - 57 of 91
This was around 2p before all the recent dilution for Bushranger. The pump to 8p and subsequent fall back towards 3p is a result of trying to shift those unwanted shares imho. I wouldnt be surprised to see this continue back to that 2p level. Mr Bird does seem rather trapped by his Mozambique, Zambia and Bushranger cash burning exercises. shareholders would have expected at least some revenue from them but all they have is a cash burning millstone.

>>>>>>>>>>>>>>>>>>>>>>>>>>

The above is an example of Asitis's attempt to forecast the future; as can be seen he's no Mystic Meg! 🤣
PS. Find another hobby, buddy!

[papillon] 29/10/2021 18:52

Asitis has only been a member of advfn since 18th August. He has made 28 posts in total. All of them on XTR. He has a one track mind; a dirt track! 🤣
He only surfaces when the share price is falling, never when it's rising. He's posted 3 times today, but before them his last post was on the 29th September. Where has he been for the past month?

[papillon] 29/10/2021 18:35

Bloody hell the share price drops and Asitis appears from out of the gutter where he's been hiding. 🤣
Nothing goes up in a straight line even if the story is good; if you wanted confirmation of that just look at the chart of GGP during 2020.
Unfortunately Asitis has an agenda and has nothing worthwhile to say. Asitis? FILTERED.

[asitis] 29/10/2021 18:21

from the spike created to get the cash call away ?

[backtothesoil] 29/10/2021 18:16

So the share price hasn't increased by 50% in the last few weeks.

[asitis] 29/10/2021 18:10

and the share price is below 6p with ALL the wonderful projects ? Have you stopped to think why that is ? Shareholders have been promised revenue from africa for years now but it never actually arrives does it ? As for Bushranger, the licenses are worthless to XTR shareholders as XTR cannot afford to prove up with a JORC and cannot afford to mine. If its as good as Bird keeps saying why hasn't anyone approached to buy ? If anyone has shown an interest the market would have been told surely but zilch. With no interest being shown Bird will be out with the begging bowl and issuing more warrants diluting shareholders soon enough me thinks. Without a quick sale which doesn't seem to be happening (hence the planned phase 1 - 3 drilling instead) then there will be nothing for shareholders from Bushranger apart from more dilution which Bird has not ruled out.

[lurker5] 29/10/2021 17:53

Some investors would rather take what's on the table now - than to wait for it to 'mature'. Who's to blame them ?

[backtothesoil] 29/10/2021 17:18

I see the shares are going nowhere because of the warrants.And there was me thinking the share price was up 50% in the last few weeks.Silly me.

[asitis] 29/10/2021 16:28

Warrants and yet more warrants. Is it any wonder the share price cannot get anywhere ?

[goforgold1] 29/10/2021 16:16

Yes just read 100,000,000 shares that's a lot

[zero matrix] 29/10/2021 15:47

If the share price hit 10p soon, people would sell having doubled their money. You couldn't blame them. It's then up to them to wonder what could have been once the XTR story matures.

[papillon] 29/10/2021 15:46

Don't forget that from 2 days ago a lot of shares (50% of the total one year on from the completion of the Bushranger purchase) can now be sold by the vendors. Since those XTR shares were originally priced at just 1.25p they might well be tempted to sell for a very nice profit.

[papillon] 29/10/2021 15:33

gfg1, filtered. His repetitive posts about flippers and flipping are tedious.