Xtract Resources Share Discussion Threads

[pensionplanner] 18/11/2021 08:31

Well took a little punt with 250,000 this morning in 3 bits although no stock shortage. Just adds to my long term resource portfolio.

I note that only the 50k shows as a buy, the other 2 x 100k show as sells, but of no importance long term.

[papillon] 18/11/2021 05:50

At a 1 AUD = 0.54 £ exchange rate that would indicate a valuation for Boda of £135m TCofMC.
Assuming a £9m valuation for XTR's African interests that would ascribe only a value of £40m to Bushranger by the market.

[the count of monte_cristo] 18/11/2021 04:58

Yesterdays presentation by Alkane Resources, half of the 500m AUD market cap is ascribed to the Boda discovery, from what the recent broker reports suggest on Alkane.

[papillon] 18/11/2021 01:07

My largest holding by far is XTR. Followed by PXC and GPM. I also have very small amounts of money in BKT, GLR, CCZ and KRPZ.
What I find surprising is that the Mkt Cap of XTR is only £49m whilst that of PXC is £80m. I do believe tbat XTR is seriously undervalued compared to PXC.

[papillon] 17/11/2021 23:38

Copper 3 month candlestick chart showing 10, 20,50 & 200 day EMA's plus 14 day RSI


free stock charts from uk.advfn.com

[papillon] 17/11/2021 20:05

For the 4th time within 3 months the Copper price has gone back towards the 200 day EMA. For the 3 previous times the 200 day EMA has acted as intraday support and the Copper price has bounced back up off of that support. Currently the Copper price is hovering just above that 200 day EMA support.
I posted some weeks ago that the Copper price, since the high of May, has been going sideways between 4 and 4.7. Let's see how it pans out.
I'll post a Copper price chart tonight.

[jlondon] 17/11/2021 14:59

Tues, 17 Nov 2021
Xtract Resources share price 5.6p to sell and 5.9p to buy.[Advertised]
Live price to buy is 5.78p.
Live price to sell is 5.67p.
MM's will take over normal market size to sell at 5.67p with no discount.

@12:59pm noonish.

[papillon] 17/11/2021 14:35

17-Nov-21 13:38:53 5.67 17,877 Sell* 1,014 O
17-Nov-21 13:28:29 5.615 214,390 Sell* 12.04k O
17-Nov-21 13:28:19 5.60 215,000 Sell* 12.04k O
17-Nov-21 13:20:34 5.78 20,000 Buy* 1,156 O

The last 4 trades, TD. The middle 2 are likely to be a rollover done at and near the bid price.

[papillon] 17/11/2021 14:28

Unless you're buying, or selling, a shed load, TD, you can buy and sell within that official spread

[the diddymen] 17/11/2021 14:20

Paps, it is a wide spread at the moment which will slow down trading.

It will happen.

[papillon] 17/11/2021 13:33

I don't want to put the mockers on it, but the share price is holding up remarkably well. Could we be about to see that 6p resistance broken in the next day, or two? Fingers crossed as always.

[steve4077] 17/11/2021 09:07

GFG sold on the recent dip to 5p stating he would buy when it dropped to 4p. Instead it went back towards 6p and now he is desperate for a cheap re-entry.

[papillon] 17/11/2021 08:52

avsome1968 👍 Many thanks for your reply. I did have gfg1 on filter, but I took him off. No doubt a mistake on my part.

[papillon] 17/11/2021 08:49

Well you don't have to wait long for an RNS from XTR, denjon, as they've already issued 6 in the last month!!

[avsome1968] 17/11/2021 08:48

G/G total drams queen he expects to make money in a matter of weeks, months, he needs to chill put them in the bottom draw an let bird keep doing what he's doing, it looks like its a huge belt of copper at ranger, and will be sold to AA down the line may take another year maybe 2 but who cares if we make 500% plus on todays price.

[denjon] 17/11/2021 08:37

q at straws? The waiting is getting to me and I'm not getting younger!

[papillon] 17/11/2021 08:36

avsome1968. "sell up GG before it collapses". What are you on about??

[papillon] 17/11/2021 08:32

You can buy and sell well inside that spread, gfg1. Try doing some dummy buys and sells.

[papillon] 17/11/2021 08:29

Is that just wishful thinking, denjon?

[denjon] 17/11/2021 08:23

Wonder if there's a big buy order and the MMs are forcing the share price down to meet it.

[avsome1968] 17/11/2021 08:21

Copper prices went down yesterday down today also sell up GG before it collapses.

[goforgold1] 17/11/2021 08:19

What with the stupid spread . Big gap down yesterday something been leaked