Xtract Resources Share Discussion Threads

[papillon] 01/12/2021 12:41

Support and resistance levels are the most accurate chart signals, TD.
I suspect that today's rise (on small volume) is just a retest of a previous intraday support level (4.9p). What was a previous support is now acting as resistance. Of course I could be wrong as my prediction is only based on probabilities.

[the diddymen] 01/12/2021 11:37

No great volume today but interesting.

[papillon] 01/12/2021 11:22

I have dipped my toe back in, TD, in a small way. I bought a small amount yesterday and again today. However today's rise might just be a bounce up against the resistance @ circa 4.9p. If you look at the candlestick chart you will see intraday resistance @ 4.9p.
That is where the bearish double top formed.
Let's see what happens over the rest of the week.

[papillon] 01/12/2021 11:13

Cinoib. Filtered. An ignorant conspiracy theorist who needs a new spell checker! 🤣 I have brains. I have the qualifications to prove it. Do you?

[ih_679027] 01/12/2021 10:12

Feels like news on the way but have no intention of selling and surely this is bargain price territory but exciting times ahead

[the diddymen] 01/12/2021 09:56

CMC I agree with your view that there are the first signs of accumulation. The volumes this a.m cannot justify the rise. Plenty of time to reverse the move but that it has happened suggests that someone is trying to work a position.

I am expecting the RNS any time now that should be the precursor to a Zak podcast.

[the count of monte_cristo] 01/12/2021 02:38

Capstone and Mantos in C$4.2 billion merger

Capstone Mining is to merge with Mantos Copper to create a C$4.2 billion Americas-focused copper producer called Capstone Copper with a combined 2021 copper production of more than 175,000 tonnes, set to grow to about 260,000tpy by 2024.

Capstone Copper will count reserves of 4.9Mt and measured and indicated resources of 5.5Mt including a fully-permitted pipeline of growth projects.

[papillon] 30/11/2021 19:15

3 month Heikin-Ashi candlestick chart.
Chart is still bearish in the short term, whilst still bullish in the longer term. How long is the short term? How long is a piece of string? A possible target share price resulting from the bearish double top is circa 4p. Will the share price drop that low? I wish I knew! 😁


free stock charts from uk.advfn.com

[chris cat] 30/11/2021 15:17

I've just had a small top up. Nothing that will move the market I'm afraid, however my reverse midas touch is fairly legendary

[lurker5] 30/11/2021 14:20

Count Sir ! The trouble is that intelligent and savvy people will know about all those other opportunities for their cash out there (as well as the dangers of throwing it around just now)

[broken_arrow1] 30/11/2021 10:31

It is true to say there are a lot of falling knife scenarios on the charts currently, investors reluctant to chase etc, RSI levels are mostly oversold so at some point a bounce will come and there could be some decent trading upside.

In general, market makers are reluctant to allow buyers in at the current low levels in any reasonable size, a clue !

XTR seems to be a good trading proposition.

[the count of monte_cristo] 30/11/2021 09:30

Right now there is weakness across the entire resource sector, stocks are down, if history has taught us anything it is that this will not last and it's a great time to buy and add to your best holdings.

[the count of monte_cristo] 30/11/2021 09:24

I still think someone is gathering stock and building a position. Could be using the recent weakness to do that.

Look, Bushranger was already in the top 25 copper deposits BEFORE we even started drilling phase 1. It's probably going to turn into THE hottest copper deposit in Australia not in the hands of the majors and it's just a matter of time, drilling and more intelligence gathering about what exactly we are sitting on.

Are other savvy, very intelligent, knowledgeable and wealthy people just going to sit back and watch? I don't think so, it's just a matter of time before we see a stake holding RNS. All, IMHO.

[broken_arrow1] 30/11/2021 08:59

No stock on offer at 4.8p currently, IG are asking for 5p for 150,000 shares.

News coming ?

[the count of monte_cristo] 30/11/2021 03:23

papillon29 Nov '21 - 17:37 - 3931 of 3936

There was also this buy...

26-Nov-21 16:13 4.99 400,681 20k

[the count of monte_cristo] 30/11/2021 01:17

I still haven't heard back from Rick Rule regarding to my questions about Xtract Resources to him.

[the count of monte_cristo] 30/11/2021 01:12

Thanks for the links. Over the next few years there will be a lot more M & A in the resource sector, we haven't even started yet. These large mid-caps and majors are cashed up and hungry to add resources.

[papillon] 29/11/2021 20:29

The Casino project is located in the politically stable Yukon.

TSX:WRN Mkt Cap is C$271m (£159.6m) and in May 2021 Rio Tinto acquired 8% of the Casino project for C$25.6m (£15m)

Exchange rate is currently C$ = 0.589£

Edit The Casino project resource (M + I) is approximately 3.5 million tonnes of copper. It also contains Mo, Ag and Au.

[the diddymen] 29/11/2021 18:10

When they RNS hole 30, that is the Inferred Resource phase 2 drilling complete. We know that the hole was complete by 19/11 and probably before given the subsequent deployments.

CB expressed in one of the podcasts that XTR were updating the size of the ore body with each drill and that evaluation of the tonnage would not take long (the '1 bn' tonnes) once the drilling was complete.

That information should be ready. They may want to spin it a little for the outcomes from the SE anomaly, but they should also know the direction of travel there by now. In my view they should already be in a position to deliver the RNS, quickly followed by a podcast containing their estimate of the size of the ore body. It is the latter that will be more relevant. (GFG if the price is not sub 4p by the time of the RNS, you might need to re-evaluate)

[papillon] 29/11/2021 17:37

26-Nov-21 13:07:04 4.7095 500,000 Unknown* 23.55k O
29-Nov-21 16:12:35 4.83 207,039 Unknown* 10,000 O
29-Nov-21 15:52:43 4.70 242,702 Unknown* 11.41k O
29-Nov-21 16:35:01 4.70 50,000 Sell* 2,350 O
29-Nov-21 15:19:25 4.65 250,000 Unknown* 11.42k O

Trades reported after the market closed.

[papillon] 29/11/2021 17:32

Interesting, MrMcnee. 👍

[mrmcnee] 29/11/2021 17:29

Xtract have been tweeting today about sales and valuations of large copper projects.

[papillon] 29/11/2021 16:07

You're obviously rich enough to push the share price above 6p, TCofMC! 😁