Xtract Resources Share Discussion Threads

[asitis] 26/11/2021 09:26

I quite agree about not being able to influence the market. Views on why the shareholders in XTR are getting a kicking are just that - views. The relentless issuing of new shares and the resulting dilution has been a historic problem here and looks not to be easier any time soon. Nothing laughable about those who probably know bushranger best selling up at all if true. The tranches of sells are coming from somewhere and the amounts are not from small PIs are they.
With delay on delay for african revenue and no announcement of the drilling having officially improved bushranger (well zak its big doesn't count unfortunately) then as soon as the share overhang looks like improving there remains a high chance Bird will reset the dilution cycle again. It may have already happened for all I know with that lift to 6p and the current fall back. Forward selling yet again by those in the know ? Is that where all the sells came from ?
Not good at all here for long suffering PIs.

[joycey1882] 26/11/2021 08:43

COVID wobble today.

[yasxii] 26/11/2021 08:15

They have issued circa 150m shares at 1.25p in the last 18 months, one suspects the temptation of the owners to sell this stock is overwhelming in current uncertain markets.

There was also a 111m shares issued at 4.5p in January, it should not be too difficult to understand why the share price is lagging.

[papillon] 25/11/2021 23:49

Could it have bottomed? Probably needs another good RNS.


free stock charts from uk.advfn.com

[guyshelby] 25/11/2021 19:53

Do you guys honestly believe the nonsense you post. And if you think you can influence the market in any way with you obvious agenda it’s laughable.

[asitis] 25/11/2021 18:37

With no revenue from the African mine flops it is no wonder the shares are being sold. I wonder if the constant drip of sells includes those shares given to The Prospect Ore people ? Wouldn't be a vote of confidence as are they not still in charge of the uninspired drilling over at Bushranger ? Oh dear if so.

[goforgold1] 25/11/2021 17:24

If you look at trades the 1.25p overhang shares are being drip fed .

[goforgold1] 25/11/2021 17:23

NOT LOOKING GOOD SOME ONE DUMPED AT 4.80 . The selling is picking up

[the diddymen] 25/11/2021 12:21

gfg probably not a bad prediction at 4.95p.

[goforgold1] 25/11/2021 12:11

Your luck there someone bought 250,000. As looks like the 1.25p shares are being drip fed now try keep price as high as possible. To get more profit sell with a buy being matched by mms now . Will not hold up will 100% go under 5p

[papillon] 24/11/2021 23:50

This following posted by Dibs61 on the lse XTR bb.

"Coincidentally it was the announcement of a JV with Newcrest that was the catalyst for the monumental share price rerating @ GGP."

>>>>>>>>>>>>>>>>>>>>>>>

Unfortunately what Dibs61 posted is untrue. The JV with Newcrest took place in 2019 and it had almost no effect on the GGP share price which trundled along for months around the 1p level. It was only later, in early 2020 following the release of drilling results, that the GGP share price started to take off on it's meteoric rise during 2020.

[the diddymen] 24/11/2021 21:07

gfg if you see a Zak and Colin podcast coming up - make sure that you buy back in beforehand if it has not tipped sub - 4p.

[papillon] 24/11/2021 18:40

Here is what I posted earlier today, Asitis. I can't predict share prices, but the past can be a guide to future performance. However XTR is obviously news driven.

papillon 24 Nov '21 - 10:00 - 3876 of 3886 Edit
0 0 0
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.

[papillon] 24/11/2021 18:33

I go by the charts Asitis. Look at my comments so far this week on the other thread.

[asitis] 24/11/2021 17:22

Not for me to judge how you perceive me papillon. Suffice it to say the market is clearly not impressed by the expensive current drilling. Why put the holes in the already achieved JORC resource (right in the centre in fact) ? A 0.3MT resource is what XTR has at Bushranger and will be worth less than what the drilling it again will cost by the looks of it. Not the sort of value for money that the market is looking for. Oh dear.

[goforgold1] 24/11/2021 16:31

I am waiting to buy back at 4p

[goforgold1] 24/11/2021 16:22

Just checking trades Dumping in 50,000kLots today .

[goforgold1] 24/11/2021 16:21

As i said FEAR now taking over from Greed . 4p in next few weeks . Millions of 1.25p shares coming the last tracy is due as well to come to market trying find date .

[jlondon] 24/11/2021 13:58

Both links from Caravel Minerals on Twitter checked for 2nd time and correct:

2.84Mt at 0.10% cut off.
hxxps://CaravelMinerals/status/1463000114402717699 23.11.21
Mineral Resource Update

2nd tweet from Caravel 's twitter:
"Caravel takes CROWN as Australia's largest undeveloped copper project following MRE update."-Mining.com, 23.11.21
23.11.21

3rd check: From Caravel website
hxxps://caravelminerals.com.au
"MRE Mineral Resource: 2.84Mt" confirmed correct as well from Caravel themselves.

4th check: [Caravel Minerals Twitter]
Top 2 tweets as above.

All the sources from Caravel stated 2.84Mt of contained copper and NOT 2.48Mt as per Papillon [post 3879 ADVFN XTR, 24.11.21 ]in correcting my verbatim from Caravel themselves.

papillon @blocked.

[papillon] 24/11/2021 13:42

The link you posted in 3878 states 2.48Mt and the link you posted in 3877 doesn't exist.
The first link you posted in 3880 doesn't exist, but the second one does and it does state 2.84Mt as you correctly state. So 1 out of 4 links that actually work isn't bad going for you!

PS I can only go by what you post.

[jlondon] 24/11/2021 13:34

From Caravel Copper themselves on Twitter: FROM THE HORSE'S MOUTH THEMSELVES. So, typed VERBATIM from Caravel Copper's Twitter a/c.
"2.84 Mt" at 0.10% cut-off, not 2.48Mt.

23.11.21
--
ALSO CHECKED: hxxps://caravelminerals.com.au [Website]
RNS/ANN 23.11.21 stated: 2.84 Mt also in the regulatory announcement.

All tweets from 23.11.21 are all available at

"Caravel takes CROWN as Australia's LARGEST UNDEVELOPED COPPER project following MRE upgrade."-Mining.com, 23 Nov 2021

This article and title was also TWEETED BY CARAVEL MINERALS.
23.11.21

[papillon] 24/11/2021 13:18

It states 2.48Mt of copper at 0.1% cut off grade, not 2.84Mt.

[jlondon] 24/11/2021 12:51

Caravel Copper article, 11 hrs ago from Australia.
24.11.21, 11 hrs ago.
Mineral Resource - same as above. Caravel's Bindi copper project is in Western Australia.

[jlondon] 24/11/2021 12:43

Caravel Copper Project Mineral Resource:
"1.18Bt @0.24% Cu & 48ppm Mo for 2 . 8 4 Mt of contained copper with Cut-Off at 0.10%."

Some data: 44m @0.41%. 68m @0.31%. 42m @0.25% & 44m @0.43%.

Tweeted by Caravel Copper yesterday, 23 Nov 2021.

Caravel's market cap: A$140.33 Million = £75 Million [FX £1=A$1.8 yesterday]
52 wk high 0.63 and low 0.081.
Currently 0.36.
So, the mkt cap was much higher earlier ie 0.63c vs 36c yesterday.


Comment:
From Solgold's chart of copper projects, it shows Onto as No 1 and Solgold's Cascabel at No 2 and in the chart, Caravel was also listed.
Online it also states that Carvel will or could be Australia's 4TH largest copper mine to come? I note the cut-off is 0.10%.

On the other forum and on this forum, Caravel has been mentioned before so, all I am doing is to post the latest Caravel tweet of MINERAL RESOURCE.
So, obviously, 2.8Mt is more than 2Mt that XTR needs as the threshold.
Hence, what Mr Bird said is correct ie more ore needed ie 1bt+ , grade 0.24% cu + 48ppm moly. XTR's latest RNS today, 24 Nov 2021 shows gold.

If anything is further checked and NOT correct from Carvel, then just correct it as wont be replying to ...