Xtract Resources Share Discussion Threads

[jeanesy] 04/11/2021 15:12

I think the clever ones sold at 6p , will wait for the selling to finish and buy back. They will then be holding more shares than if you kept hold of them. It seems to be playing out that way atmo. Not sure what the buy back price will be though. Ps i wasn't one of the clever ones sadly !

[qazwsxedc69] 04/11/2021 15:09

GFG......Maybe the clearest example of Dunning Kruger effect you could ever wish to see.

[goforgold1] 04/11/2021 15:03

4p here we come could go further depends how many sell out there 1.25p shares Long way back now... ??? Know way investors are going buy at this moment ... in time..

LONG WAY TO FALL EVEN IF NEWS COMES OUT IT WILL BE SOLD ONTO YU HAVE WARRANTS AS WELL.. COME BACK NEXT YEAR THEY MIGHT BE SOLD BY THEN>>

I did say any news that changed the price i would get out . All these 1.25p shares will kill this share price for a while..

[papillon] 04/11/2021 14:52

As I posted yesterday if you believe in what will happen at the conclusion of the XTR story then a 4p share price is better than a 6p share price because you can buy more shares for your bucks!

[the count of monte_cristo] 04/11/2021 13:47

When the 50% autumn sales are on I am so depressed and unhappy because I want to pay the full 100% price in the shops:)

[papillon] 04/11/2021 13:01

The XTR share price is news driven. Unfortunately the last couple of RNS's have failed to attract more buyers than sellers and consequently the share price has fallen by over 15% since last week. Don't forget that the XTR sp, even now, is still up by a massive percentage compared to the start of the year.
I was hoping for an share price of at least 8p by the end of this year. I now accept it's going to require some dramatically good news to achieve my optimistic share price forecast.

[onething] 04/11/2021 12:32

Pay more if you like. Pay less if you interact with the IG brokers in person. It was just friendly advice. In my experience interacting with the web portal alone is inefficient, to say the least.

[broken_arrow1] 04/11/2021 12:21

To confirm the IG quote was for a direct buy on the market, it is possible to test market size and price via their website.

At the time you could buy 25,000 shares at 5.09p but for 150,000 they wanted 5.18p - at the same time nearly all retail brokers were 'at best'

The fact that they were asking a premium for size and other brokers were 'at best' suggests there is no overhang or major seller in the background.

I find this data very useful as a guide for trend reversal in stocks that have fallen hard.

[onething] 04/11/2021 11:56

NB if you were buying that as a s/b IG would add a small premium to that price, but this does not tend to inflate due to market conditions.

[onething] 04/11/2021 11:54

For example. if you are buying the shares, IG is currently offering a price of 5.101. I have just obtained a quote for 100,000 using L2 Dealer (which the IG brokers tend to use to get quotes from market makers) of 5.025 for that volume.

Quite a difference. Why pay more ?!

[zero matrix] 04/11/2021 11:33

Is it a spread bet or shares you are looking to buy with IG? It makes little difference (apart from the ultimate CGT tax implications - none for a spread bet) as with a low cap like this IG would buy any corresponding shares to hedge your spread bet. Therefore if you took out a spreadbet equivalent to e.g. 123,456 shares you would see that appear in the trades list for that exact number of real shares purchased. So the way to get the best price for either shares or a spreadbet is to call IG, ask for a quote for the size of your trade, they will get the best quote from the various market makers and you can say yes please. By definition it will be within the real spread. No IG premium.

[broken_arrow1] 04/11/2021 08:15

IG are asking a sizable premium for modest size, bashers appearing on bulletin boards also, suggests someone is after shares at a knockdown price.

Most retail brokers remain 'at best' currently for anything over 25,000 shares.

[papillon] 03/11/2021 18:36

Obviously andplus doesn't read them!

[jezzoo] 03/11/2021 18:05

Do you ever read the RNS's ?

[steve4077] 03/11/2021 17:12

Quote from RNS one month ago:
"Upon reviewing those cash flow projections for the forthcoming twelve months, the Directors would not expect for funds to be raised through equity raisings, or require additional financial resources in the twelve-month period from the date of authorising the consolidated information to enable the Company to fund its current operations and to meet any future commitments in the event that the Company decides to continue with further exploration work including drilling campaigns in Australia and Zambia."

[papillon] 03/11/2021 17:12

Read this recent RNS, andplus.

[andplus] 03/11/2021 17:06

Is there a placing on the cards soon? How often Colin gift us with one of those?

[tomgun70] 03/11/2021 16:44

You should definitely have a successful Twitter account.Some even calling you the next Warren Buffet.

[broken_arrow1] 03/11/2021 16:13

Bit late in the day for an update but looks like the price is about to move up, most brokers are 'at best' & IG want a largish premium for modest size.


A Fixed Price Quote is not available for this order.
By clicking 'Place order', it will be placed at best.

[qazwsxedc69] 03/11/2021 14:41

Do you ever think anything you DONT post?

[goforgold1] 03/11/2021 14:41

PLUS PEOPLE HAVE STOP LOSSES

[goforgold1] 03/11/2021 14:40

DOWN IT GOES AS I SAID WOULD 4p will be with us very quickly this is what happens when you give shares away to buy something comes back and haunts you for weeks . this could go to 3.5p depends how many shares out there to be sold . By selling i saved 2k up to now .. Shame about this but you buy companies and licences with shares . This will happen

I am more annoyed i missed this on the 27th long way to fall yet going take afew weeks to clear plus you got that they will sell into any rise as well GOOD NEWS so going be a long haule now to get over 6p

[goforgold1] 03/11/2021 14:26

yes I agree Chart is still bullish.. I believe XTR will be sold next year sometime when i dont know .. Once these shares are sold off we will move up again market cap is very cheap to resources.. Drill 25 is big one as well. To be announced by RNS

[papillon] 03/11/2021 13:45

Nobody really knows where the share price will drop to in the short term. It could have bottomed today for all I know.
I'm guessing that the 50 day EMA could be the next destination, bwtfdik? I'm only guessing.
For the longer term the chart is still bullish.