Xtract Resources Share Discussion Threads

[papillon] 10/2/2022 14:55

Don't exaggerate, goforgold1. It's not a big drop. Only down a tad over 2% on the day, so far.

[the count of monte_cristo] 10/2/2022 14:52

Here is a map of the MIMDAS survey lines, not sure on the exact costs but they aren't cheap to do. As you will note it covered the conceptual open pit for Racecourse. What they are now doing, as explained in previous RNS's and interviews is completing another IP on the southern area below Racecourse, now this should help us understand Racecourse, the area between it and Ascot as well as Ascot.

Have to remember it is still growing and the southern area is increasingly showing better grades and more higher gold levels.

[2603] 10/2/2022 14:50

GFG now that you have bought in for the 10th time, we don’t need a running commentary of what the share price is going to do. Nothings changed, the share price has had an amazing run a bit of consolidation around the 6.5-7.50 would be good. Market makers match buyers and sellers, stop mentioning them.

[chris cat] 10/2/2022 14:47

Thanks Count, that map is really helpful

[goforgold1] 10/2/2022 14:46

Now the FEAR comes in the GREED has gone lol what a drop.

BUY THE DIP WATCHING FOR ENTRY POINT

[the count of monte_cristo] 10/2/2022 14:36

Maybe because they don't understand it:) The deposit is growing to the south and has the better mineralization to the south. Todays RNS is solid enough, it's still not yet closed off in the north, but that's not where we are focusing. It's the south of the Racecourse, the IP between Racecourse and Ascot and Ascot where the action is.

"Despite being close to closure, there are some good runs of significant mineralisation that will be included in the final resource modelling."

[goforgold1] 10/2/2022 14:34

Well the mms dropped that quickly lol . Sell on news looks like some already knew as selling started at 12 about.

Let it settle now then buy again . Keeping an eye mms always crooks at work flippers gone later then buyers coming back for next leg up helpfully.

MMs will mark up soon to sell there 6.80p and 7p shares

[papillon] 10/2/2022 14:30

The "flippers" haven't liked it, TCofMC, going by the reaction of the share price I wonder if goforgold1 has sold? 🤣

[the count of monte_cristo] 10/2/2022 14:25

Thanks for the heads up, decent enough, stepped out the conceptual open pit. These results are from the extreme northwest of the Racecourse deposit.

[papillon] 10/2/2022 14:06

There is indeed an RNS, goforgold1, but for some strange reason not showing on advfn. Pull your finger out advfn! 🤣
It was issued at 1:30pm. You can see it on the lse web site

[arcadian] 10/2/2022 13:30

Between 12.05 and 12.20 there were 700000, sold and I can`t see the trade/s.

[goforgold1] 10/2/2022 12:43

Plenty buys showing up from early on in morning showing as sells lol .

[arcadian] 10/2/2022 12:07

TD

Surely before then we will get results from Ascot and other drilling which will add to our estimates of the quality and extent of the offering.

I also think that CB would want to increase the general and specific awareness of what is developing so I expect a few interviews as well.

[brasso3] 10/2/2022 11:50

Copper looking very strong today.

[the diddymen] 10/2/2022 11:30

You will not get any detail on the value of XTR until Apr/May (=CB May/Jun?) when they deliver the updated conceptual pit plus NPV and all the assumptions. There might be a few indicators in the upcoming RNSs but it will be very difficult to put a price on it.

[zero matrix] 10/2/2022 11:12

Cinoib, if you sell at 20p will you be hoping to use the proceeds to invest in another more promising stock? Hindsight may well show you that it would have been better left invested in XTR.

[brasso3] 10/2/2022 11:11

Should see a bit of short term resistance at 8p.

[arcadian] 10/2/2022 11:03

I want to buy more but am trying to discipline myself to wait for more Ascot et al
but it`s not easy with the steady buying and rising share price

[goforgold1] 10/2/2022 10:40

Well could be News day most times news is on a Thursday or Friday around 1.30pm lets see. nice rise Slow and steady with a couple of tree shakes on way .. None brainer this

[cinoib] 10/2/2022 10:38

According to one of these so called gooroo It has just triggered a breakout alert. No not one I follow as they usually tell you after the breakout, as I think is obvious from this one which has moved from 5 to 7+ in the last couple of weeks, but if it goes to 10 it might be worth his salt. Me, O I want 20p before I sell.

[the count of monte_cristo] 10/2/2022 10:28

BMO Capital Markets’ mining analyst, Edward Sterck, tonned down the report, saying that Winu remained a relatively modest deposit in terms of Rio’s appetite for scalability.

“However, it has the potential for development of multiple deposits/ore bodies (albeit small scale) within the company’s wider exploration tenements adjacent to Winu,” Sterck said in a note to investors.

See slides 10 & 11