Xtract Resources Share Discussion Threads

[jeanesy] 12/11/2021 15:57

Perhaps some are buying ahead of FOMO if news gets dropped early next week ?

[the count of monte_cristo] 12/11/2021 15:56

I bet Zak has been buying like crazy these last few months, ha ha:))

[jlondon] 12/11/2021 15:51

XTR share price advertised 5.8p to sell and 5.9p to buy +5.13%.
[Post XTR RNS Racecourse, Hole 11 assay results]

Live quote: To buy 5.888p and to sell 5.8182p - the SPREAD has narrowed quite a bit
since an hr or so ago.

Fri, 12 Nov 2021 @3:50pm
--
P.S. From my last post above #118/120 re: ASSAY RESULTS FROM HOLE 11, RACECOURSE and the CROSS-SECTION CHART, does Racecourse
have potentially the 2MT needed for the AA buy-back OR NOT?

We, shareholders will find that out when the full results are released of all 20+ HOLES at Stage 1 drilling at Racecourse.

SE ANOMALY-RACECOURSE
Hole 25 visuals has already been released. So, this is a NEW SECTION of Racecourse ie ANOTHER ANOMALY.

$36,000 Question: Is the Racecourse stage 1 drilling area ENOUGH for the 2Mt needed OR not quite enough and will have to INCLUDE the potential or otherwise of the SE Anomaly and of FOOTROT or even White Springs to come?

Ahead of the curve, one for each one to think it out or if they have geo software to input and do some geo modelling but that may or may not turn out correct as one exploration geo did software modeling but it did NOT turn out right at Greatland Gold as the data now shows ie under-estimated. This geo is a poster on an Australian site.

[papillon] 12/11/2021 15:42

From the lse bb. Good looking chart. I depend on knowledgeable posters, like TCofMC & TD and the charts because my mining knowledge is very poor.

"Gheko

Posts: 356

Price: 5.80

Strong Buy

Chart strength Today 13:47
Zak Mir covering XTR today and in chartist terms we have a good consolidation where we are just south of 6p level. If 6p broken the trend line is up as high as 9p in the next month.

So 50% upside just there and would still be vastly undervalued. Onwards and upwards."

[jlondon] 12/11/2021 15:04

Xtract Resources Hole 11 results just out, Fri, 12 Nov 2021.

PER THE MODELLING CHART/RESULTS:


See colour code ie green for mineralisation, yellow for stronger mineralisation and pink for intrusion.

-----THIS IS ONE SECTION OF RACECOURSE-------


S.E ANOMALY
Hole 25 drilled and results a day of so ago.
So, ANOTHER SECTION to come at RACECOURSE.

FOOTROT
Also, in the licence area.

WHITE SPRINGS
Mentioned in a previous RNS relating to Bushrangers-Racecourse?


A MIS-PRICING?
Currently, 5.7-5.9p and in the £40m + area mkt cap.
So, right pricing, wrong pricing or somewhat right pricing?
Answers on a postcard for the FUTURE.

Fri, 12 Nov 2021
J.London ADVFN. -Xtract Resources.

[the count of monte_cristo] 12/11/2021 14:48

My favouite quote ever on the ADVFN bb's are when a price drops and lame PI's start posting messages like "what's going on" or "Somebody must know something!". It's absolutely brilliant entertainment when I see such panicky posts, usually it indicates an excellent buying opportunity:)) Things change but they stay the same, human nature is the same as it was 2,000 years ago when it comes to speculation.

[the count of monte_cristo] 12/11/2021 14:43

I actually love these periods, the periods where the stock isn't really moving and where most PI's and the market are still hesitant and unsure about things. But when you have absolute faith in what you believe will happen and continue buying and when all signs indicate the resource is going to get exponentially bigger and the more they explore the more they find. It's why I love the resource sector.

Chesty, most resource stocks saw similar price actions during the summer lull. But I don't see it like that, I see things differently to most, rather than it being "an awful slow drop", it was actually an awfully great opportunity to keep adding and building ones holding. You can say the same for most of the precious metals stocks right now. Investing is in many cases about opposites, when people are depressed you should be happy, when they sell because the stock has hit bottoms you should buy. I use these ADVFN bb's as a psychological gauge which helps me with my buying and selling decisions. Human nature never changes, when this stock eventually starts to motor people will be kicking themselves for not adding more, etc.

[chesty1] 12/11/2021 14:16

Just glad we're slowly pulling away! Happy to see after the awful slow drop over the past 6 months

Bring back the glory days

[goforgold1] 12/11/2021 12:51

Well today looks like there is a buyer now. Been buying 100,000 all day which has helped to keep price up today. Hopefully he buys up all the 1.25p warrants they need to go before this moves past 6p .. But there are millions of them

[lurker5] 12/11/2021 12:48

BRD-21-011
Of course, what counts for the economics of mining whateve drill assays show, is the average mineralisation over the interval which might be mined - and not cherry picked small intervals. In this case it is 260m @ 0.18% cu eq. Not particularly sparkling which is why share reaction is muted. On the other hand if it is over the top of the crown then lower drilss should be better. Its all about probing the edges of a deposit, as well as whatever riches there might be in its core.

[jlondon] 12/11/2021 12:31

Now, we know why the market limited shares to buy to 60,000 before the close yesterday. Fri, 12 Nov 2021.

RNS out today with assay results at Hole 11 with gold now included. The copper expert from Corbetts was spot on.

Thanks papillon. I took the data straight from the chart of S & P GLOBAL - kindly check. Also, papillon, the S & P article deals ONLY with gold and copper and therefore, they normally, as norm will NOT include anything else like moly, cobalt etc. I have just looked at the Kisanju copper project and it appears the name CATL also appears re: $137m so one has to look into it further. I took that off S & P's table verbatim.

[joycey1882] 12/11/2021 11:19

So it looks like the porphyry crown might be coated in gold. Nice.

[denjon] 12/11/2021 11:16

Looks like the day traders/sellers are keeping their powder dry hoping this will go to at least +0.4p or more this afternoon.

[avsome1968] 12/11/2021 10:56

If this cant break 6p with the results we are seeing copper mainly, those warrants must be getting dripped in each week, I've been taking note of volume each day from the 27th when they were available to sell in open market, to be honest not too bothered with price movement would like to accumulate one last lot at the best price so would be happy if they dropped a tad.

[denjon] 12/11/2021 10:54

If this doesn't push the share price firmly above 6p today nothing will.

[the count of monte_cristo] 12/11/2021 10:52

Can you imagine how much it would cost to buy Cadia-Ridgeway now, if they had just discovered it? It would be in the billions of dollars.

[the count of monte_cristo] 12/11/2021 10:47

The more times I see gold in these RNS's the more I am thinking about Cadia-Ridgeway:)

[avsome1968] 12/11/2021 10:46

Bushranger Project Assay Results

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to advise that independent laboratory assays have been received from drill hole BRDD-021-011 completed on the Phase 2 diamond drilling programme at the Bushranger copper-gold exploration project.

Highlights

-- Drill hole BRDD-21-011 has returned very promising intersections of copper and gold mineralisation near the northern limits of the modelled Racecourse Inferred Mineral Resource

-- Full results are available in Table 1, with highlights below;
-- 18m at 0.38% CuEq (0.14% Cu, 0.41g/t Au, 0.5g/t Ag) from 142m
-- 18m at 0.25% CuEq (0.05% Cu, 0.35g/t Au, 0.4g/t Ag) from 220m
-- 78m at 0.32% CuEq (0.3% Cu, 0.02g/t Au, 1.00g/t Ag) from 294m
-- 16m at 0.47% CuEq (0.44% Cu, 0.03g/t Au, 1.80g/t Ag) from 342m
-- Of particular interest are the significant intervals of comparatively gold-rich mineralisation encountered in the upper part of the hole which may be indicative of a mineral zonation system at Racecourse

Colin Bird, Executive Chairman said: "We are pleased to report on the assay results for hole BRDD-21-011 - the copper values are consistent with the results for the deposit in general. The intersection of two above-average gold zones high in the system has not been evidenced at Racecourse before, although it is not unusual for the region. It would appear that gold mineralisation occurring above the crown of the porphyry intrusion may add to the overall value of the project."

Phase Two Bushranger Assay Results

Table 1 - Assay Results from Drill Hole BRDD-21-011*


From Interval CuEq
Hole ID (m) To (m) (m) Cu (%) Au (g/t) Ag (g/t) (%)
BRDD-021-011 146 164 18 0.14 0.41 0.60 0.39
----- ------- --------- ------- --------- --------- -----
220 238 18 0.05 0.35 0.40 0.25
----- ------- --------- ------- --------- --------- -----
294 424 130 0.25 0.03 0.90 0.28
----- ------- --------- ------- --------- --------- -----
Including 294 372 78 0.30 0.02 1.00 0.32
----- ------- --------- ------- --------- --------- -----
Including 308 324 16 0.38 0.03 1.30 0.40
----- ------- --------- ------- --------- --------- -----
and 342 358 16 0.44 0.03 1.80 0.47
----- ------- --------- ------- --------- --------- -----
and 390 424 34 0.25 0.07 0.90 0.29
----- ------- --------- ------- --------- --------- -----

[the count of monte_cristo] 12/11/2021 10:37

Colin Bird, Executive Chairman said: "We are pleased to report on the assay results for hole BRDD-21-011 - the copper values are consistent with the results for the deposit in general. The intersection of two above-average gold zones high in the system has not been evidenced at Racecourse before, although it is not unusual for the region. It would appear that gold mineralisation occurring above the crown of the porphyry intrusion may add to the overall value of the project."

[denjon] 12/11/2021 10:37

RNS. Another very positive result! Just what we needed going into the weekend.

[the count of monte_cristo] 12/11/2021 10:36

RNS, more gold found.

Chris cat - happens all the time, and why can't fund buy in the open market like the rest of us, please explain? If they want in then they need to buy stock, no magical way to do that other than to buy in the open market, acquire stock from another holder or to be part of a fund raising of which we are not in any need.

[goforgold1] 12/11/2021 10:26

Colin Bird, Executive Chairman said: "We are pleased to report on the assay results for hole BRDD-21-011 - the copper values are consistent with the results for the deposit in general. The intersection of two above-average gold zones high in the system has not been evidenced at Racecourse before, although it is not unusual for the region. It would appear that gold mineralisation occurring above the crown of the porphyry intrusion may add to the overall value of the project."