Xtract Resources Share Discussion Threads

[papillon] 24/11/2021 10:00

If the share price closes below 5p then a potentially bearish double top would have formed on the chart. Target sp? It could go as low as 4p, but there is possible support at circa 4.5p.
However you can't predict a bearish double top. You have to wait for it to form and currently it hasn't formed.
If you look at the chart the XTR share price has been below the 200 day EMA on 3 occasions since the start of July. It's possible it will do so again. The 200 day EMA is currently circa 4.3p.
Of course the XTR share price could spike up on the release of good news, but the share price has, instead, gone down following today's good news RNS.

PS today's 7am RNS has explained the late share price rise to 5.2p yesterday. News of an impending release of an RNS invariably leaks! Unfortunate, but true.

[the diddymen] 24/11/2021 09:49

gfg - well sell then.

[goforgold1] 24/11/2021 09:29

All these 1.25p shares now going to be sold as fear comes into play.. Falling price causes FEAR ..they still are making full markup double their money.

[papillon] 24/11/2021 09:23

"JORC means Joint Ore Reserves Committee; the JOR committee developed a set of guidelines for the reporting of Mineral Resources and Ore Reserves referred to as the “Code”."

[chris cat] 24/11/2021 09:01

Apologies for the ignorance but is a JORC similar (or the metals equivalent) to a reserves report in O&G companies?

[onedayrodders] 24/11/2021 08:55

Guys .. the GFG filter is bliss

[the diddymen] 24/11/2021 08:54

Jeanesy - the quantification of the MT of the ore body will be first and that should ready before the end of next week. It will be for the company to release and investors to apply an average grade/recoverability.

This will be the first indication of whether the inferred resource will hit the "2MT". Opinion only but I think that it will have to be released via a podcast or similar, not an RNS.

Investors will have to wait until Q1 2022 for a JORC, but I suspect at that point the mine NPV will be more interesting.

Not sure whether mineralisation in the SE anomaly will impress this market!

[goforgold1] 24/11/2021 08:54

This is years away from production YEARS not MONTHS I wait to buy at 4p its going slowly but surely..

[folderboy] 24/11/2021 08:48

More good news and yet . . . down we tick?

[jamiedodge] 24/11/2021 08:46

gfg1 "copy and paste". Pots and kettles lol.

[2603] 24/11/2021 08:42

You know nothing about investing and speculating. Shares don’t go up in a straight line. If they have news they have to report it good or bad. Things are going to plan.

[goforgold1] 24/11/2021 08:40

lol the truth hurts . Sell here get into THG ..

[2603] 24/11/2021 08:33

F-ck off gfg your a idiot.

[goforgold1] 24/11/2021 08:21

Well he is moving the money between all mines not just Bushranger. So as i said will need more money soon . He loves giving out confetti as well . So dilution coming again

[goforgold1] 24/11/2021 08:20

Well well people not bothered with these RNS now they mean nothing till Resources and tonnage come out . This will drift to 4p or 4.5p now . Just same copy and paste news . Meaning less at moment could be years away from production plus the other mines are still not producing. So money being burned up 10 million not a lot in mining .

[jeanesy] 24/11/2021 08:17

Good news , yes , but the market seems to be getting 'bored' of these snippets of news now. We need an update on how much copper has been found in total. In other words a JORC. Does anyone have an idea when we might get this news?

[joycey1882] 24/11/2021 07:37

Another good update doubt the market will be interested though.

[the diddymen] 24/11/2021 07:16

gfg, all of phase 2 has been the same. Really solid drills and assays starting to prove up the "2MT" in situ copper, or a 6 fold increase on the inferred resource.

The beauty of this resource is that it is predictable, and I suspect that is what all miners want! Give me boredom and predictability.

[goforgold1] 24/11/2021 07:07

I think he is copy and pasting . His comments all sound same.

[all in eol] 24/11/2021 07:02

Colin Bird, Executive Chairman said: "This hole drilled in the centre of the deposit over the crown has produced a very pleasing result. We have intersected significant lengths of mineralisation with good copper values. Again, a gold horizon has been intersected deeper in the hole that carries good gold values, and our modelling is starting to define the extents of this stand-alone zone."

[asitis] 23/11/2021 22:04

texas> just imagine the horrific dilution over that sort of timeframe.

[papillon] 23/11/2021 16:59

Steve4077 21 Nov '21 - 16:41 - 135 of 138
0 1 0
Just as well we aren't planning to build a mine then :)

Texaschaser? Filtered.

[texaschaser] 23/11/2021 16:35

no substance and mine would be 20 years away

[the count of monte_cristo] 23/11/2021 13:48

Be great if it does go back to 4p, hopefully Christmas will come early. I don't know about the rest of you but I prefer buying things as cheap as possible, rather than as expensive as possible. Still, you need cash to take advantage of lower prices when they do happen in a stock you are involved in for the long term.

This is the KRPZ bb I set up in Oct.