Xtract Resources Share Discussion Threads

[papillon] 14/1/2022 11:59

I enjoy looking at charts, Arcadian. I find trying to predict the future from historical trends stimulating, rather like doing cryptic crosswords. It feeds the brain. I use my charts because I lack a crystal ball! 🤣
History has a habit of repeating itself.
Share prices are driven by news and investor sentiment. Sometimes that sentiment can be extremely irrational, hence "bubbles" occur; the dot com bubble of over 20 years ago comes to mind.
Charts have saved me money. PVR & LOGP come to mind. I sold them when my charts went long term bearish rather than continually averaging down as many long term holders did. The outcome being that I saved myself an awful lot of money whereas others have ended up being saddled with loads of almost worthless shares and a big hole in their savings.

[arcadian] 14/1/2022 09:58

The boss is keen to sell this and that does more for me than a graph.

[the diddymen] 14/1/2022 07:41

Paps - as long as it does not bring too many day traders (fog). The charts do seem to look as if they could break but I still think that it will need the helping hand of an RNS or a few new investors. On the latter I agree with you regarding the late trades. There does appear to be a buyer (and ergo a willing seller!) but not yet at a volume that will drive the share North. In langlauf terms - hopefully a vorlaufer.

[papillon] 14/1/2022 01:09

The XTR Ichimoku chart went strongly bullish today (Tenkan/Kijun cross and Senkou Span cross). Bodes well.

[papillon] 14/1/2022 01:02

If you look at the 6 month chart in the header one can see a short term bullish cup and handle pattern has been forming during the last 4 weeks with the "handle" forming since the start of 2022. I'm hopeful that this pattern will complete, probably following news, very soon and that my short term target of 6.5-7p will be reached. Fingers crossed.

[papillon] 14/1/2022 00:52

And still the delayed trades appear on the 13th. 6 at least. All fairly large, but not strikingly so. Reporting delayed by upto 2 hrs. I've never seen so many delayed reporting "unknowns" for such a small cap stock as has been happening all week with XTR. The MM's must surely be filling a large order(s)?

[steve4077] 14/1/2022 00:35

The previous poster stated "according to the LIVE Empress presentation", which took place after the release of the PDF that mentioned Q2.

[backtothesoil] 13/1/2022 21:09

Where does it state production in 2 months? Empress say production in q2. That could be early April. It could also be end of June.

[meanreverter] 13/1/2022 20:25

Zero Matrix : Your analysis is really clear, and should be read by every busy poster on this thread (and on all the other threads too!). If people understood your point, we would have less clutter on our screens.

[jjb71uk] 13/1/2022 19:26

So according to the live Empress presentation - Manica will be 'putting ore through the mill within 2 months'

[papillon] 13/1/2022 16:10

There are still sellers around, no doubt stopping any share price rise in the absence of an RNS.
For instance, early this morning 290k was sold. The reporting of that trade was delayed by 2 hours so the lse site has it marked "unknown", though it was definitely a sell going by the spread and other trades at time given. For the trade reporting to be delayed by 2 hours I find strange because it wasn't that big a trade, money wise. There have been 2 other trades since then where reporting has been delayed by 1 hour. A 152,998 share trade and another for 185,200 shares. Not large amounts money wise. Are the MM's filling a large buy order? If only we knew! 😁

[papillon] 13/1/2022 15:48

👍 Will do Arcadian! Though I'd be more than happy with TCofMC's minimum target share price of 40p. £1 a share would be beyond my wildest dreams.
XTR is now my largest holding, money wise, having added again today. I've scaled back on my gas shares as the gas price has dropped back and because the possibility of a windfall tax cannot be discounted.

[arcadian] 13/1/2022 15:16

Hang in there for your share of the $ 20 billion

[papillon] 13/1/2022 13:16

👍. Wow, Twinkle3. Don't get me too excited. Too much excitement at my age could be dangerous for my health!! 🤣 🤣
I hope CB is correct and wasn't exaggerating. Fingers crossed. Any money I make I'll give to my grandchildren.

[the count of monte_cristo] 13/1/2022 09:36

So do I, but people probably might not believe this right now when we are capped at less than 50m GBP:) But things can move quickly, especially when the narrative might become something like this..."the largest copper find in Australia in the last decade or the next Cadia-Ridgeway, which is one of the largest and most competitive mines on the planet"...

[arcadian] 13/1/2022 09:05

Many thanks for the distillation and book recommendation. I think that CB will extract more than your figure in the present climate given the appealing characteristics of Racecourse and Ascot.

[the count of monte_cristo] 13/1/2022 08:53

Yes, I suggest you purchase this and keep it on your shelf. If you are going to invest in exploration and mining stocks and take part in the coming bull market in this sector then this book will help you tremendously and be an active tool you can dip into from time to time. It's one of the more expensive books but if it helps make you a fortune over the next few years you will see it as one of your best investments:)

[arcadian] 13/1/2022 08:41

So my $ 20 billion was a bit on the high side.

[the count of monte_cristo] 13/1/2022 08:31

Half a billion dollars, which is around 40p

[arcadian] 13/1/2022 08:19

So what do you think it ( Race and Asc) is worth as we enter the AA era?

[the count of monte_cristo] 13/1/2022 08:01

As Buffett says, you only actually need to be right a few times to make inordinate returns on your capital. As we all know these bull markets come in cycles, during a really strong bull run in commodities the returns on some of the exploration stocks can be exceptional, life changing returns are quite possible. I also note that quite often when a stock goes on a run, it might make you most of your paper gains during quite a short time frame. So, you can be a holder of a stock for 2 years, let's say, but the majority of the paper wealth is made within say a 2 month time frame. Need look no further than what happened from Dec 2020 to Feb 2021 in XTR to explain what I mean. I think some of the resource stocks are going to make tremendous returns, especially some of these bombed out precious metals stocks. Some of them are now ridiculously cheap.