Xtract Resources Share Discussion Threads

[backtothesoil] 02/12/2021 10:13

I gave up some time ago. I get far more illumination from my very old and badly misted up crystal ball than I ever did from those candles.

[steve4077] 02/12/2021 10:05

Better filter me too. The idea that XTR (or any other small-cap exploration share) is driven by charts rather than news is comedy gold.

[papillon] 02/12/2021 09:37

The future, or just plain wishful thinking? Could be either. Nostradamus where are you? 🤣 🤣

[papillon] 02/12/2021 09:11

Zero Matrix? 🤣 🤣. Filtered. Please filter me.
Chart looking better today. RSI rising again . Heikin-Ashi showing possible potential. Perhaps the sellers have departed?


free stock charts from uk.advfn.com

[andplus] 02/12/2021 08:51

The investing market wants to see Xtract projects generating profits. Simple.

[denjon] 02/12/2021 08:50

The last sentence in the Conclusion certainly applies to us!

[the diddymen] 02/12/2021 08:32

The investing market does not yet understand the size of the inferred resource. They should get a glimpse with the next podcast (today?) when CB should be able to indicate the size of the ore body - excepting the potential extension identified today.

If the market is unable to understand the inferred resource then the chances of them understanding the idea of the SE anomaly is zero.

[jeanesy] 02/12/2021 08:01

we have had indications before though haven't we ?

[backtothesoil] 02/12/2021 07:59

Assays give grades. Drill bits don't.

[the count of monte_cristo] 02/12/2021 01:22

Cadia is the 6th largest gold mine in the world.

More gold in our assays and more references to similarities between Bushranger and Cadia in our future RNS's will be nice:)

[zero matrix] 01/12/2021 22:58

What a delight to have a respite from Papillon's Walter Mitty-esque unloadings. Nothing since noonish. Has he run out of mobile credits?

That aside, and to perpetuate the nonsense, one thing he misses
pointing out on his incessant postings is that there is a strong reversal indication on the heiken ashi chart today.

Personally I don't believe charting a low cap illiquid miner makes any sense at all..

Any bounces off moving averages, or confirmations of double tops or bottoms are either by chance or by chance.

For anyone not really up to speed, don't get taken in. I expect Papillon likes filling his time now things are quieter, but please don't base your future wealth and prosperity on what he posts.

[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.