Xtract Resources Share Discussion Threads

[the count of monte_cristo] 25/2/2022 01:38

We don't see it, but downunder there is a huge amount of drilling going on across Australia across all commodities resulting in delays at the labs.



Alkane Resources Limited (ASX: ALK) announces an update to its drilling program at the Company’s Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project.
Alkane also operates the nearby Tomingley Gold Operations (‘Tomingley’).

Alkane Managing Director, Nic Earner, said: “Our resource drilling program is methodically growing our knowledge of the higher-grade material at Boda.

“We have experienced some delays at the laboratory, pushing our initial resource model back to April. Boda is just the first of the resource models we expect to put together in this area and we look forward to bringing Boda and subsequent models to investors, as we develop our understanding of what is emerging as a tier-one resource in a great location.”

[papillon] 25/2/2022 00:57

Did the 100 day SMA provide intraday support, like it has done before as this chart shows?


free stock charts from uk.advfn.com

[arcadian] 24/2/2022 21:29

All in

I can`t remember a single post of his that was worth reading,added to my understabnding etc hence I`m grateful to Advfn for the filter option and the thread
for me is now a much calmer place to read what serious contributors think.

[papillon] 24/2/2022 21:14

I take your point about the UT trade. I never looked at the trades today. The closing spread was 5.4-5.7. Even then the XTR share price drop today was only a 1/3rd of that of PXC.
I have had a few speculative trades since the summer. Bets of a few hundred quid here and there. That's how I started in XTR. However when I decided that I was fed up with AMYT back in 2020 I had a punt on GPM which did well for me, even though I didn't sell early enough. At the start of 2021 I made a vow to stick to investment trusts in future, but in the summer someone whose opinion I respected tipped XTR. They had researched in depth. I had a small punt. What started as a small punt is now my largest holding. Also during the summer I bought shares in gas producers SQZ & KIST as the gas price started to rise. Just small sums, but I doubled my money on my initial investments. I did try to trade them, but that wasn't profitable. I haven't the skill, mindset, or money to be a successful trader.
I've also dabbled in other metals explorers. PXC and the other CB companies, but I've sold because I decided I didn't like them. ONE THING I'M NOT GOING TO DO IS CONTINUE TO HOLD A SHARE AND CONTINUALLY AVERAGE DOWN. I did that with MTA and I vowed never to do that again because I lost all my savings in the process.
I'm honest. I say what I've bought, sold and whether I made a profit, or loss. Lots of other posters on these bb's are NOT honest.

Edit. I know shares like XTR are news driven. However though I like the fundamentals, I also like the XTR share chart. That bolsters my belief in XTR. But I won't follow them blindly. I did that with MTA. Done that, got the tee shirt!

I have 3 shares. XTR, GPM & PUR. Why? Copper and gold. Copper was the reason I invested in PXC. I should have sold when I was well in profit, but finally called it a day when I started to lose money. I'm NOT going to repeat my MTA mistake again! I did the right thing to sell PXC as the share price has continued to fall. Insiders know whats going on behind the scenes.

[all in eol] 24/2/2022 20:44

Paps,
You swap and change between stocks, say you have sold out of this and that too soon, topping up etc, so given you say you only have a certain pot invested you can see why I’m posting such.
Anyway what I’m getting at is that it’s not all about you, I understand what you say about this being your soapbox but just read back what you post and how many times you post O/T etc. and tone it down a bit.
Did the UT not set the closing price as far as advfn was concerned and was higher than the spread would have set the close? Tomorrow’s open will probably be different depending on many factors…

[all in eol] 24/2/2022 18:29

Well paps if you keep guessing every day there will be an RNS tomorrow you will get it right one day.
Been so long since a drilling update and also overdue an assay result that the odds are stacking in your favour.
Why not chill and stop trying to preempt like a trader you say your not?

[papillon] 24/2/2022 18:16

There has to be a good reason why the XTR share price has stayed so relatively strong today. Is it because of XTR's brilliant prospects in Australia, or because of an RNS tomorrow?
By contrast another copper explorer, PXC, was down 10% today. PXC is exploring in safe Idaho, USA.

[papillon] 24/2/2022 18:01

In fact the XTR share price only closed down 1.72%. An RNS on the way tomorrow? 🤞

[papillon] 24/2/2022 16:23

I think the XTR share price has held up rather well considering, bearing in mind the news today. It's only down 4.31% on the day, whereas another copper explorer, African based ARCM, is currently down 8.97%.

[zero matrix] 24/2/2022 13:38

I don't know what you think you are laughing at. I need to keep the heating on.

[arcadian] 24/2/2022 13:33

This pull back is a real bonus for holders as at some point we will get confirmation of the size quality and extent of Ascot and then we can all add to our holdings and if Ascot has significant amounts of gold we will be even better placed to strike a very good deal with AA in whatever payment form is agreed.

[papillon] 24/2/2022 13:20

🤣🤣 TD 👍

UK gas prices currently up over 45%

[the diddymen] 24/2/2022 13:15

Neville Macron?

[the count of monte_cristo] 24/2/2022 12:57

I don't know, that resource which AMC have been touting about for a decade looks great, sure it will be a mine in 2050, lol:))

Now we can see why majors add big premiums to resources in places like Australia.

[the diddymen] 24/2/2022 10:59

CMC it always makes a decision easier when it is from free cash flow. EBITDA at $20bn and cash increasing by $8bn suggests that they have been re-investing at around their rate of amortisation. In other words they are re-investing in their strategy, one objective of which is to increase their exposure to copper. The premium for political stability also grew a little today!

[the count of monte_cristo] 24/2/2022 10:29

Throwing off so, so much cash. They can return it to shareholders through special dividends, increase the divi, buy back stock, spend it on existing projects or purchase assets:)

Purchasing a large long life copper mine, in a safe and politically stable country for $500m USD plus is nothing to them.

[goforgold1] 24/2/2022 10:19

But you can buy at 5.70 now

[the count of monte_cristo] 24/2/2022 09:59

Same with MILA, if you want a small cap gold/silver explorer in Australia it is worth researching. One of the top risers today.

[amaretto1] 24/2/2022 09:53

Good BZT RNS .... lost in the melee

[papillon] 24/2/2022 09:52

There must be an RNS on the way. In which case my 50k @ 6.25p could be a masterstroke! 🤣

[papillon] 24/2/2022 09:49

I agree the fighting will get worse, TCofMC, but it's been going on at a low level for 8 years ever since Putin successfully annexed Crimea from Ukraine. Putin will have enough on his plate with quelling Ukraine; Poland and the Baltic States are not next inline.

[papillon] 24/2/2022 09:40

What with under £20k invested in shares, Hanmudoman? No way matey. Only got 3 shares. XTR, GPM & PUR and intend to keep them. I believe gold (and silver) are going on a massive bull run. That's why I'm keen on Ascot containing lots of gold.
I just checked the XTR price on ii and you pay a premium to the 5.7p asking price to buy 25k.

PS I'm not in it to make money for myself, I don't need it. All the money will go to my grandchildren.