Xtract Resources Share Discussion Threads

[picardy] 11/2/2022 09:33

Nothing more than a healthy consolidation (copper is also taking a breather) before the next move up IMHO.

[zero matrix] 11/2/2022 09:17

Where is the surprise that a sharp rise is followed by a pullback? To borrow a line from above, but with better spelling and grammar, If the share price went up in a straight line it would indeed be too good to be true.

There are 6 or so market makers now offering to buy at 6.3, we have two (now 3) on the Ask at 6.4 and just the one on the bid at 6.6. The market, for now, seems to be taking a breather and my feeling is we will see further strengthening.

I hope few holders who bought at higher prices recently were spooked by that early morning shake down.

[the count of monte_cristo] 11/2/2022 09:05

Good, welcome along for the ride, it's going to be fun!

[the diddymen] 11/2/2022 09:04

A bit of volatility in some of the new share holders!

[goforgold1] 11/2/2022 08:48

You know the old saying to GOOD TO BE TRUE

[mostro] 11/2/2022 08:48

hoping to get 100,000 under 6p !! Might be lucky, who knows..

[the count of monte_cristo] 11/2/2022 08:48

john, yep. The recent rise is a portent of what is to come. All par for the course this.

[johnswan193] 11/2/2022 08:48

I already own a 7 figure share amount. Unlikely I'll go to 8 figures, but yes I've already been topping up regularly.

[arcadian] 11/2/2022 08:47

The fall in the Sp should not be a problem to those who accept what is happening out there down under. It creates an opportunity to buy more when Ascot unfolds and I will await the drill results there. We are not talking years but a few months and I still find the opportunity very attractive. There are too many plus points to ignore this as an opportunity to make a lot of money.

PS Count. Thank you for your efforts to shed light on what is happening and for sharing your the results of your time spent digging in to Xtr

[johnswan193] 11/2/2022 08:40

A lot of the comments before just go to show that this is a share for buyers of fundamentals not for people who want to trade it and speculate about MM games. The only strategy here IMO is buy, and if the price drops buy more.

[goforgold1] 11/2/2022 08:35

700,000 and drops nearly 6 percent. It's all a con the stock markets pis have been well shafted here who bought the last two days have been shafted by the Market 100 percent . Loads was buying in the 7p area now it's 6p

[goforgold1] 11/2/2022 08:32

Looks like an organised pump and dump . O well every time there is an RNS this collapses . Never fails 500,000 gone through and they drop it . Yesterday 3 million gone through but put big spread and only marked it up 2% at first . Someone has been able to get out with a big size dump

[goforgold1] 11/2/2022 08:28

Looks like a pump and dump here . Fell to quick as well with heavy selling before RNS as well . It's gone from a steady rise to a dump in less than a day was 7.50p now 6.50p . Mms knew this was coming as they kept a big spread which has never really happened on XTR before

[jeanesy] 11/2/2022 08:23

The selling continues after yesterdays news. Seems like some are not piecing together the drill results but taking each one on its own merits !

[denjon] 11/2/2022 07:19

Cu $10,220 mt.

[the count of monte_cristo] 11/2/2022 04:56

The below are my opinion and thoughts.

It's worth revisiting the Dec management discussion of the Racecourse deposit as well as their discussion on Ascot.



Since pre-drill of the phase 1, I have been referring to this slide from Caravel Minerals, it's actually one the pieces of information which helped me decide to invest all of my portfolio into XTR before the pre-drill. As you will note from what CB has said in the above YouTube video, he thinks Bushranger is in the "Premium League" of projects/deposits in Australia. But what exactly does he mean by that? Well, if you look at the below table you can see where the Bushranger project is and where it will move to (highlighted in blue box) if/when they hit that 2mt contained copper JUST AT RACECOURSE.

Where will this go with Ascot? I have highlighted in the green box where we could be placed with the inclusion of Ascot, should it fulfill it's very large promise. Previously I have been marked down for speculating we will become one of the largest copper deposits/projects, perhaps now that same poster will be able to understand that this isn't ramping but speculation based upon what we know and what we can postulate based on current drilling results at Ascot.

Moving into the big leagues, indeed. Then people will have to sit up and take notice of the little known resource company:)

[papillon] 10/2/2022 23:09

Stack of delayed reported trades showing after 4:30pm. The MM's have had a field day! Including a big one for 492k (£34k) timed at 9:36am this morning. The trade price (6.917p) and spread at the time (look at the intraday chart in the header) indicates it was a sell, but who can be certain?

[papillon] 10/2/2022 22:57

Going by my chart and chart indicators above I think it more likely the share price will drift down towards the 10 day EMA than go above the 7p again in the short term. But I'm only guessing. A lot will depend on newsflow.

[papillon] 10/2/2022 20:08

free stock charts from uk.advfn.com


6 month Heikin-Ashi candlestick chart. Feel free to ignore it, though somebody might be interested.

[papillon] 10/2/2022 19:58

Well done, Arcadian.

[smraynot] 10/2/2022 19:00

Fabulous RNS confirming extent of mineralisation and CB pleased with the results. Lemmings selling way too early as further RNS's imminent, All positive imhho. Still have a 44p-88p takeout target.

[arcadian] 10/2/2022 17:43

And they filled in the 700000 Sell Trades mid--day as well

They were contrite.

[goforgold1] 10/2/2022 17:34

Wow just shown up RNS on ADVFN