Xtract Resources Share Discussion Threads

[papillon] 16/11/2021 21:00

free stock charts from uk.advfn.com


Well even if Zero Matrix is correct and I don't know what I'm talking about regarding those large, late reported, trades surely he can't complain if I post a chart showing Heikin-Ashi candlesticks, 10, 20, 50 & 200 day EMA's plus 14 day RSI?
The recent uptrend looks to be still intact, albeit advfn have the wrong closing price.

[papillon] 16/11/2021 20:13

Yes, TD. These large trades were obviously worked in smaller tranches so it's hard to be completely certain about them. Though I'm 99% certain they were buys.

[the diddymen] 16/11/2021 20:05

It is always nice to see games going on as the dentist tries to extract the tooth without anaesthetic and without the patient noticing.

[papillon] 16/11/2021 20:05

Well if you don't want to read my posts because you don't want to waste your time, Zero Matrix, why not filter me? Think of the precious time you would save!
Zero Matrix? Filtered! Try filtering me Zero Matrix; as you can see it's so easy to do. 😁

PS it took less than 5 minutes of my time to write my posts. You must be a very slow reader if it took you more than minute to read them! 🤣

[zero matrix] 16/11/2021 19:26

Papillion, you are commenting on things you clearly don't understand. You have wasted your own time, and the time of anyone who read your last couple of posts.

[papillon] 16/11/2021 18:21

4 late reported trades.

15-Nov-21 14:45:17 5.95 800,000 Buy* 47.60k O
15-Nov-21 11:27:45 5.99 1,669,273 Buy* 99.99k O
15-Nov-21 09:50:33 5.85 550,000 Buy* 32.18k O
16-Nov-21 15:10:11 5.80 250,000 Buy*

The 250,000 today that lse have as a buy would have been a sell going by the spread at 3:10pm and no doubt accounted for the share price fall. The one's from yesterday I'd need to check the spreads yesterday at the times reported.
The £100,000 one was either a buy by a high net worth individual, or maybe an institution, or a sell by someone who maybe bought them under 2p per share?

EDIT. Going by the price chart for yesterday the 550k trade could have been a buy, or sell, but the 1.7m and 800k would have been buys. Unfortunately we'll never know for certain! 🤬

[papillon] 16/11/2021 17:28

The closing spread was 5.6 - 5.9, so the actual closing price was 5.75p. There was a small UT @ 5.9p @ 4.35pm which probably accounts for advfn's 5.9p closing price.

[papillon] 16/11/2021 16:59

You're probably right, ODR's. Though sentiment could be adversely affected.
Not that it matters much because the share price bounced back up before the close. RNS tomorrow?

[onedayrodders] 16/11/2021 16:29

Would not have thought we would command such a tight correlation at the stage we are at.

[papillon] 16/11/2021 15:53

Drop in XTR share price coinciding with fall in copper price. Just coincidence?

[the count of monte_cristo] 16/11/2021 13:40

stake building

[onething] 16/11/2021 13:27

Today's trades are currently looking like 4:1 sells to buys by volume, going by the place in the spread at the time the trades are booked. Seems odd? The price has held all day.

I am fully expecting a chunky buy declared at some point, probably after close, that is being worked throughout the day, filled by the market makers' accumulation of shares that are being sold today.

[the diddymen] 16/11/2021 11:49

It may be the warrants. The majority of us on this BB are primarily in for the whole story, but in reality there are a whole load of investors with different objectives and that will always result in turnover of shares.

Do not forget that this share was sub-4 a few months back and some investors will be into a decent profit - Christmas coming up etc etc.

In reality the share price over the last couple of months has shaped up very nicely and it will not be long before it takes the next step.

[jeanesy] 16/11/2021 11:21

as we all know news here can come at any time !

[avsome1968] 16/11/2021 09:53

Do you think its the warrants that are keeping it under 6p been a lot of 100k sells over the last 2-3 weeks, cant see retail sellers here now those that bought in the low 4p range be long gone now.

[the diddymen] 16/11/2021 09:36

hubs one more 'heave' required to get it over 6 but the heave will probably come from a SE anomaly drill or an ore tonnage estimate. Assays will have to be storming to have an impact! Gold always helps!

Institutional or quasi institutional interest also helps.

Whatever, it is not too long now.

[the count of monte_cristo] 16/11/2021 09:19

PoG moving north, interesting to see what the next drill results will reveal in terms of gold grades.

[hubs] 16/11/2021 07:11

And today could just be one of those days when we slip through 6 as if it wasn't there...no news Tuesday...gla..:)

[the count of monte_cristo] 16/11/2021 01:44

Nice rise yesterday, although I would have preferred the price to stay low for a while longer so that I can add to my holding at these depressed prices:)



www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

[jlondon] 15/11/2021 16:11

XTR share price has just gone up +1.11%.
To sell is 5.915p [advertised 5.9p but earlier 5.8p]
To buy is 6p [advertised 6p]

Mon, 15 Nov 2021 @4:11pm.

[jlondon] 15/11/2021 10:11

If one buys shares and does not have an idea of valuation metrics for self, then
one will be sitting on shares not knowing what to do.

This is especially true of AIM. For American stocks, one does not see folks do back-of-envelope valuations but the institutions valuations or price targets are keenly followed by the market.

At any one time, stocks are either mis-priced on the downside or the upside or fair value etc. That is what the art-science is about, if one were to call it that?
Zanger is a chartist so he follows charts.

Mon, 15 Nov 2021.

[jlondon] 15/11/2021 09:53

Racecourse
Stage 1 drilling: Hole 12-24, Assays expected.

Stage 2 drilling: Hole 25 of a new area, SE Anomaly.

--
XTR will be inputting all the rest of the Hole 12-24 as the assays come in.
Co's usually do XRF. Newcrest has state-of-art drilling at Havieron wherein results come in live as they drill. Can only be XRF. Newcrest also has an assay lab at Telfer although some are sent out. AA re-checked Footrot assays by using XRF in the past.

So, assuming this could be the case also at XTR, the co could have an INTERNAL idea of the resource at this point in time for Stage 1 drilling.

Even Dr Steve Garwin does XRF so that when one of the results was returned from the lab wrongly done he pointed it out to them.

@lurker - You understood my point precisely. Most shareholders prefer to go to the Nomad as a first port of call unless one is a large fund who can obtain external estimates. The Nomad may not do the valuation but would refer the matter for further enlightenment? Same with GKP but they went straight to the FSA rather than the Nomad.

Most have to do Business Finance and one of the biggest subject area is: Valuation Methodologies.

Some of the bloggers [wont name them with sites] have now stopped VALUATION for co's. Think they got in the soup given that should not be done by the unlicenced. One of the co's he mentioned valuation for was Greatland.
Now, this chap has changed his Twitter name and leaves this topic alone. So, has another name that one used to see in the past.


So, $ 36,000 question: Has Stage 1 Drilling up to Hole 24 for the Racecourse project enough to produce the required 2Mt?

DYOR.

[lurker5] 14/11/2021 21:58

Troo Jezzoo ! (and among other things, no one needs a licence to suggest a valuation for a mining project. And Nomads aren't necessarily better qualified to do so than any bloke in a pub. But if a listed company puts out a 'valuation' for its own project that isn't by a qualified consultant or 'valuer', thats obvioously a different matter. That doesn't stop miners putting out spurious 'comparisons' where (strangely enough) they always score well - on the metrics cherry picked to deliver that score, out of all the other metrics that woudn't !) )