Xtract Resources Share Discussion Threads

[the diddymen] 12/1/2022 14:47

gfg - not sure about SAVE - will take a look out of interest but these quandries are about probability, timing and percentage!

[zero matrix] 12/1/2022 14:45

There is a constant and wordy amount of posting, regarding the reporting of trading activity, by one contributor that is, for the most part, wrong and confused. For anyone that would like a little more background knowledge to enable them to judge whether to pay further attention this article may help somewhat. https://www.brighterir.com/blog/company-news/demystifying-market-data-frequently-asked-questions/

[goforgold1] 12/1/2022 14:43

Still loads of shares out there at 1.75p lock in must me finished again on the last lot by now been trying find RNS . I am fully loaded in SAVE at moment

[the count of monte_cristo] 12/1/2022 14:40

Added 150,000 odd at 5.55p

[papillon] 12/1/2022 13:17

Many thanks for your post, PensionPlanner. Much appreciated.

[papillon] 12/1/2022 13:07

The biggest trade so far today was for 320,418 shares @ 5.598p timed at 8.04am, reporting delayed for 2 hrs. Obviously a buy since the spread @ the open was 5.4-5.6p. Why the lse site has it as an "unknown" is baffling.
There are still sellers around, but there are all big buyers as well hence why the share price is holding up. Knowledgeable buyers, if you get my drift? I'm banking on that 6p resistance being broken and very soon.
Copper price is doing very well today and XTR probably have an awesome amount of copper in Australia.

[arcadian] 12/1/2022 11:58

Thanks. Should make for an easier sale given the lower cost and quicker return.

[jjb71uk] 12/1/2022 11:32

'because no high-grade shoots have been found' - I recall, early on in the program, they were suggesting the porphyry did go deeper, as early drills showed'. In P2 they restricted drill depths to around the depth of a max depth open pit to focus on that..

[meanreverter] 12/1/2022 11:09

Arcadian : Yes, they would be open pits, because no high-grade shoots have been found that would justify underground mining. The ~0.35% grades that have been found extend over great thickness and length. While the grade is unexciting, the extent of the orebody for each pit is enough to make economic the very deep digging needed to access it, which requires the whole mining operation to be on a commensurately huge scale. We are talking about initial investment of a billion dollars or two: far beyond the resources of a second-rank AIM-listed junior. So the strategy that makes sense is to sell the asset to a major who can handle a project on that scale.

[arcadian] 12/1/2022 10:38

Am i right in thinking that Racecourse and Ascot would be open pit developments in which case I can understand CB`s enthusiasm ( Jan 3rd interview) re the sale talks as speed and cost will be attractive features?

[pensionplanner] 12/1/2022 10:19

Papillon. People who never make mistakes never make anything. The main criterion is whether someone acknowledges they have made a mistake. You've acknowledged it. All credit to you.

On a different note copper above 4.53 now.

[the diddymen] 12/1/2022 07:37

CB needs to get some fresh shareholders in. While yesterday's trading was hardly a storm there was some evidence that the recent communications may be working.

[papillon] 12/1/2022 01:53

Regarding my post 4422 from yesterday. I have an apology to make. I have belatedly realised I have made a big mistake. I confused GLR with BZT. That's what happens when you jump to a conclusion. A wrong conclusion in this case. I apologise unreservedly to the poster on the lse. He wasn't telling the whole truth, but his post most definitely wasn't a blatant lie. Sorry. I shouldn't have jumped to the wrong conclusion. Big error on my part.

[papillon] 12/1/2022 01:22

Zero Matrix 11 Jan '22 - 23:19 - 4428 of 4429 (Filtered)

[papillon] 12/1/2022 01:20

Ignorant curmudgeon. Conceited and deficient in those "little grey cells". A very nasty individual, completely devoid of any curiosity.
Permanently filtered.

[papillon] 11/1/2022 23:11

Yes, TD, some of those large "unknown" trades subject to delayed reporting are undoubtedly buys. Stake building?
The TCofMC mentioned the case of Poisedon back in the '60's when investor irrationality led to a massive bubble in it' s share price It happened over 20 years ago on the LSE with BLT and other dot com shares. It's happening currently with the cryptocurrencies. Once thing you can guarantee is that exuberant investor irrationality is not happening with the XTR share price as it's definitely not on PI's radar.

[papillon] 11/1/2022 23:00

I can post whatever I please, Zero Matrix. It's my prerogative. You think it's "inconsequential nonsense" . Fair enough that's your prerogative. I won't stop posting just to please you. I think the only solution is for you to FILTER me. That way you won't see the "inconsequential nonsense" I post.
Why don't you just do that instead of making snide comments?

[the diddymen] 11/1/2022 20:27

Personally I quite like to see those trades in these circumstances. Generally it bodes well.

[papillon] 11/1/2022 19:47

Well, the large trades reported after the market closed and classed as "unknown" haven't ceased!! Nor has the fact that advfn and the lse are basing their closing price (5.40p) on a tiny UT trade. The official closing spread was 5.40-5.60p, so it's likely, unless there is news issued before the market opens, that the share price will open at 5.5p tomorrow.

Refer to HMI for comparison; yesterday advfn showed the HMI share price closing at 5p based on a tiny UT trade reported at 4:35pm despite the official spread at the close being 6-6.2p. Lo and behold the HMI share price opened at 6.1p this morning!!

Here are the large XTR trades reported after the market closed at 4:30pm this evening.

11-Jan-22 16:13:33 5.535 299,982 Unknown* 16.60k O
11-Jan-22 16:04:40 5.5475 309,545 Unknown* 17.17k O
11-Jan-22 15:13:19 5.435 250,000 Unknown* 13.59k O
11-Jan-22 15:12:46 5.4569 250,000 Unknown* 13.64k O
11-Jan-22 15:59:26 5.535 170,262 Unknown* 9,424k O
11-Jan-22 15:39:46 5.422 129,325 Unknown* 7,012k O
and the small 165 shares UT trade
11-Jan-22 16:35:16 5.40 38 Sell* 2.05 UT

It looks like some of the above large trades were in fact buys, but more were sells, but I'm only guessing based on the trade price and reported time.

[papillon] 11/1/2022 13:20

O/T. Saw this post on the lse XTR bb.

"Docit

Posts: 1,623

Price: 5.60

No Opinion

Preoccupied Today 12:57
Colin is busy it seems
May come back to us soon...
Investors who take an interest in Bezant Resources Plc (LON:BZT) should definitely note that the Executive Chairman & CEO, Colin Bird, recently paid UK£0.0013 per share to buy UK£80k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 67%."

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

You see lots of lies posted on bb's and the above is a blatant lie!!
For starters Colin Bird never bought those GLR shares with his own cash. He accepted the shares in lieu of fees. And they weren't issued at the price the poster mentions, but at half that price which, at the time, was at least 20% below the then share price I wish posters would stop telling lies on these bb's.
It's worth remembering that on a number of occasions last year Colin Bird purchased a sizeable number of XTR shares with his own cash!!

EDIT. 12/1/22. Sorry I got this completely wrong. I confused BZT with GLR. My mistake. I apologise.

[zero matrix] 11/1/2022 11:38

Precisely what indication on any chart do you see that leads you to call a price of 6.5p to 7p 'soon'?I see a very defined recent trading range and expect a re-rate of an unpredictable scale and at an unpredictable time.

[papillon] 11/1/2022 11:10

Could be Picardy. Let's hope so. Fingers crossed. Based on the chart and using my crystal ball (😂), I can see 6.5-7p and soon. Fingers crossed.

[picardy] 11/1/2022 10:54

Ticking up on no volume. For me, the pleasant change compared to the last 3 rises to these levels, is that there has been no significant selling so far. Is that an indication that the cheap shares have been soaked in and we are ready to move on?

[papillon] 11/1/2022 10:01

RNS on the way? Could be going by share price