Xtract Resources Share Discussion Threads

[arcadian] 03/2/2022 17:06

I thought that the results were good and to me,really a buy signal on the grounds that they were consistent with the previous findings for Racecourse and I assume have added to what CB wants from it which is volume. He wants to get to or exceed that 2 billion tons to which he can then add a better richer bonus, Ascot.

My approach is to buy the consistent progress to CB`s goal which is a bigger Racecourse and a better Ascot. If the results are reasonable they will give him a strong opening position to sell a large desirable porphyry in the right place.

What`s not to like? I started writing when the price had fallen back but am pleased that sense has prevailed. It`s all small beer compared to the value of what CB hopes to sell. Listen again to the interview with ZAK to join the journey.

[zero matrix] 03/2/2022 16:57

On a lighter note, that is a close above 6p. Although Papillon will bore us all about the injustice of an 'out of trading range' closing price.

[chris cat] 03/2/2022 16:56

Stayed above 6p on a big volume day....hopefully significant?

[zero matrix] 03/2/2022 16:55

Sadly gfg cannot impress anyone in his immediate social circle (I know, I know, he may not possess one of these) with tales of how he 'winds up' unknown people on a bulletin board. It is purely for self gratification (please don't try to visualise THAT). He (it?) is familiar to most people as the little friendless scrunt (too many letters there?) that we all knew from school. And who some of us stooped to punch in the face before we knew better.

[goforgold1] 03/2/2022 16:41

I am winding you all up lol . I have not bought just was bored today . Ha ha

[qazwsxedc69] 03/2/2022 16:35

A better strategy is to filter him.

[steve4077] 03/2/2022 16:33

From what I recall, GFG was selling in the 4-5p range because it was "going below 4p" and now he is buying back above 6p. It's probably some clever inverse trading strategy.

[goforgold1] 03/2/2022 16:32

Chart said buy

[2603] 03/2/2022 16:29

This BB is getting full of idiots. GFG why the hell have you bought up here when proper investors were buying in 4/5p. If it’s for trading I can think of 1000s other stocks better to trade. Buying at 6p and hoping to sell at 7p is madness. Yes we are on the verge of getting the 6-7p range but consolidation needs to happen otherwise straight up then straight down rings a bell as before.

[skyship] 03/2/2022 16:15

Sorely tempted by the chart - but the new socialist government in Chile is a disaster for both the country and most especially the mining industry.

When politics raises its head - always best to stick to US/Canada/Australia...and even Europe, which though socialist, is still capitalist.

GLA

EDIT: Read about Chile in earlier posts ...so immediately though projects to be in Chile. Website suggests otherwise Australia (great); Mozambique & Zambia - both less so, especially the former.

What do others think on the political risks?

[goforgold1] 03/2/2022 16:14

It dies not have anything in chile ?? are u on right thread lol

[steve4077] 03/2/2022 16:10

The main XTR project is in Australia - it doesn't have anything in Chile :)

[skyship] 03/2/2022 16:07

Sorely tempted by the chart - but the new socialist government in Chile is a disaster for both the country and most especially the mining industry.

When politics raises its head - always best to stick to US/Canada/Australia...and even Europe, which though socialist, is still capitalist.

GLA

[goforgold1] 03/2/2022 16:01

Mms did a great job in last hour to scare other people out as well.

[goforgold1] 03/2/2022 15:58

Well i actually just bought a small position here . As chart says break out was just waiting for the usual traders selling after the RNS . Like clock work it happens looks strong now to a move up to 7p very soon . If it falls i will buy the other half of my investment here . But just waited till some of the traders are out

[the count of monte_cristo] 03/2/2022 15:27

Indeed they will and increase the value of safe haven projects like ours

[lurker5] 03/2/2022 15:23

gfg. Of course some are going to sell on news you chump. How come you need to attract attention by stating the obvious ? How old are you ?

[lurker5] 03/2/2022 15:21

Count. Nationaliation (threats or real) will drive BHP et al to replace their reources in more stable juristictions.

[jeanesy] 03/2/2022 14:50

grades of 0.27% are not great but that is what you get in porphories

[goforgold1] 03/2/2022 14:47

Dumping 100,000 lots o dear. get out quick while your in profit

[goforgold1] 03/2/2022 14:44

Looks like sell on news . You know what happens now down it goes as always

[hubs] 03/2/2022 14:38

Thanks for the RNS Colin! more positive data to cement this rise in...gla.

[the count of monte_cristo] 03/2/2022 13:08

It's not the first time that Chile have nationalized mining assets

[denjon] 03/2/2022 11:46

Could sell in small tranches as share price rises. Might not get the absolute maximum but should still produce a good return for investors buying now and up to 10p+. Even better for those of us who fortunately bought a few years ago!

[chris cat] 03/2/2022 11:34

If the potential is realised it will take nerves of steel to hold all the way up.