Xtract Resources Share Discussion Threads

[the count of monte_cristo] 23/11/2021 01:30

Have a listen to Rick Rule and his views on how to be patient with stocks when they are declining.

[papillon] 23/11/2021 00:06

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Well this is what has happened to the XTR share price over the last 6 months. That's history. What will happen during the next 6 months? You pays your money and you make your choice.

[onedayrodders] 22/11/2021 20:05

goforgold122 Nov '21 - 17:59 - 3838 of 3840 (Filtered)

[jlondon] 22/11/2021 19:31

Shaun Day on Twitter has tweeted about the copper price , A$/US$ and how it helps in economics of their project, a TIER 1 jurisdiction ie in Australia. XTR would also be have the same advantage being in Australia ie copper play.

On ADVFN Solgold, the latest post is on Peru and how a miner has crashed ie share price via Mining Journal article.Lots of majors are in Peru mining copper etc.

Mon, 22 Nov 2021.

[goforgold1] 22/11/2021 17:59

I would say gap down to at least 5p now my be further . With these 1.25p shares to sell millions of them as well . From 27th there are more to come to so your best waiting till they clear Christmas coming now as well people need money so just sell your in profit 1.25p shares

[papillon] 22/11/2021 17:28

jlondon, HOC closed down 27%. What the Peruvian government proposes and what actually happens might not be the same. As I posted this will no doubt lead to lengthy litigation. Great news for the lawyers likely to be involved.
I'm not that interested in HOC, jlondon. I have never held shares in HOC. I steer clear of companies with assets in South America. Politically unstable.

[the diddymen] 22/11/2021 14:56

I can understand the drift and as CMC would say - make the most of it.

Just a guess but very shortly XTR will have their 'conceptual estimate' of the ore body. Hole 30, the last currently planned drill in the inferred resource was complete according to the drill plan on the last RNS, and if CB is correct it will not take too long to interpret.

Given that it will be an estimate I do not think that the NOMAD would allow it to be RNS'd (one caveat I will not bother with) - in which case XTR are likely to RNS the holes and then shortly after there will be something akin to the July Conceptual Pit briefing.

The market seems to be incapable of extrapolating the information from the frequent RNSs, and CB knows that it will have to be delivered on a plate.

XTR will equally know the time frame is as important. I would have thought that this figure will be out within the next 10 working days.

[jlondon] 22/11/2021 14:51

papillon #3832
I have stuck to the facts as I saw it. Hence, why I said to have a look.
If not correct, then just correct.

Have a look at 6 hrs ago from
the Natural Resources Editor of FT.

Look at his screen shot IN YELLOW which stated -57%.

Look at humenm's other tweets as the FT covered the Peru situation.

Papillon, if you look at the Editor of Natural Resources, FT's screen shot, you will see lots of prices which to me appears to be from a different terminal from ordinary pi's. Also, there is such a thing as INTRA-DAY LOW ie it may not appear on some standard data. So, I quoted VERBATIM from his screen shot, hence why I said to check as I was in a hurry.

Papillon, the most accurate is the BLOOMBERG TERMINAL so if you have one, could you kindly check and see if the FT Natural Resource Editor got it wrong given I merely quoted from his screen shot. Thanks.

J.London Mon 22 Nov 2021.

[goforgold1] 22/11/2021 12:52

The problem here is you still have to many 1.25p shares out there . If your lucky enough to have them .. It's a very nice profit.. chart is saying back down . Colin did not do a podcast with Zak . For the first time in a while . As we all know same news over and over again. About drilling need more information now on tonnage and some estimates on resources . Plus the other mines are not producing there well behind schedule.

[papillon] 22/11/2021 11:36

I agree that today's Peruvian news shows the advantages of being a miner in Australia!

[papillon] 22/11/2021 11:30

Not true, jlondon. The left leaning Peruvian government will stop further exploration work at these 4 mines and COULD stop them mining altogether.
HOC share price is still well down today, but not currently down 50%+. It has recovered some of it's initial loss. Why don't you stick to the facts, jlondon?

I should think today's news will lead to lots of litigation. Great news for litigation lawyers! It's an ill wind...! 🤣

[jlondon] 22/11/2021 11:14

Peru has or is going to suspend 4 mines in Peru.
Huge write up in the FT about it as other majors are also in Peru.
Hoschild's share price has dropped some 50%+.

The Editor , Natural Resources tweeted the article and other tweets including the share price drop. A bit hard to see but I think I make out -50%+.

Have a look.

XTR are in Australia, a Tier 1 jurisdiction, hence its advantage.

Mon, 22 Nov 2021.

[steve4077] 21/11/2021 16:41

Just as well we aren't planning to build a mine then :)

[texaschaser] 21/11/2021 15:14

no substance and mine would be 20 years away

[papillon] 21/11/2021 13:24

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For the past 4 weeks the XTR share price has been going sideways between resistance at 6p and support at 5p. If resistance is broken then possible target share price is 7p. If support is broken then possible target is 4p. I expect the resistance to be broken, but when? bwtfdik?

[papillon] 20/11/2021 18:37

Well the XTR share price went back to and below the 200 day EMA in June, July, August & September. Will it do so again before the end of 2021? Answers on a postcard 😁

[papillon] 20/11/2021 18:16

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[the diddymen] 20/11/2021 10:15

It looks as if hole 28 was finished over a week ago, and hole 30 is complete.

On the latest hole pdf, hole 28 and 30 are looking at the inferred resource, just as 27 is extending it to the South. Therefater all the drills are focussed on the SE anomaly.

Unless 27 has asked more questions that would indicate that XTR will shortly be ready to give their estimate of the tonnage of ore. CB indicated that once drilling was complete it would not take long in one of Zak's interviews.

It looks as if it might be early Jan before all the assay's are complete on the inferred resource.

Harold Wison said that a week was a long time in politics. For mining investors that should be recalibrated to one hour! Jan 22 is irrelevant at the moment!

[divmad] 20/11/2021 08:32

I think everyone's crystal balls need to be re-polished.

[goforgold1] 19/11/2021 18:46

What happened to ZAK interview

[jlondon] 19/11/2021 15:30

Xtract Resources
Racecourse - Hole 32.
RNS, Fri, 19 Nov 2021

----
Stage 2 Drilling Hole 32 = 12 holes out of 20 holes, so 8 more holes to go to
complete Stage 2.

Another PORPHYRY may have been found via down-hole data per RNS?

[goforgold1] 19/11/2021 15:06

As i said back down it goes

[papillon] 19/11/2021 13:58

I did post recently, Cinoib, that the price of copper had been going sideways between circa 4 and 4.7p for the last 6 months following May's high. See posts 3774 and 3775.
It's obvious to me that the price of copper must affect investor sentiment towards explorers such as XTR and PXC. However the price of copper is going sideways at the moment. I'm pretty certain that if the price of copper broke out of that sideways trading range then the sp's of XTR & PXC would respond.