Xtract Resources Share Discussion Threads

[papillon] 21/3/2022 19:00

I wonder why XTR has changed it's auditor?

[the diddymen] 21/3/2022 17:49

Paps I agree. The activity level is higher than you would normally expect and suggests that there is a buyer or buyers who have been accumulating for a while now. 24m roughly for an RNS so I would not hold your breath!

[papillon] 21/3/2022 14:24

Is there a big buyer accumulating in the background? Buys are still going through at 6.20p and sells are now going through above mid price @ 6.09p.
Interesting.

[papillon] 21/3/2022 12:22

I bought my 25k @ around 8:10 this morning @ 6.19p. It is shown as a sell on the lse site. Largish sells @ that time we're going through @ 6.10p.
I've noticed that the last trade currently shown on the lse site was a small buy priced @ full asking price of 6.20p.
I'm expecting (hoping) the XTR share price holds above the 6p support from now on.

[papillon] 21/3/2022 11:35

The following is from the lse bb. It makes a lot of sense to me.

CaveatEmptor

Posts: 6,375

Price: 6.25

No Opinion

RE: RNS Today 08:20
"If we want an updated model any time soon for the open pit then they have to define the edges of the deposit, which, by definition, means we need drills with reduced mineralisation. A few more like 27 and we will hopefully be in a position to publish the model. A few more like 26 and the model should be spectacular.

Also good to see that the assay results seem to breaking through the bottle neck of recent months."

[papillon] 21/3/2022 11:23

TCofMC 👍

[zero matrix] 21/3/2022 10:47

What I don’t understand is why a shortage of stock in the face of a positive RNS and buyer reacting to that did not lead to a rising share price

I think it demonstrates the futility of trying to interpret the market while in possession of probably far less than half of the necessary facts and information.

That doesn’t stop it being an absorbing pasttime though.

[zero matrix] 21/3/2022 10:42

It looks to me from the reported trades that not long after the market opened market makers received buy orders in excess of 1m shares. It looks like the market maker(s) involved waited until they had stock to fulfil these orders until reporting the trades. I don't know why. Maybe simply too busy accumulating necessary stock. I would say in explains to some extent why the price held up early in in the face of selling.

[the count of monte_cristo] 21/3/2022 09:39

Yes, KRPZ has had a strong rise. Time to take some profits on it though. If you want another one to look at check out MILA.

[papillon] 21/3/2022 09:29

There has been selling today, oliversydney, but also buying. Look at today's trades.
I bought another 25k early this morning, but @ below mid price. The sells were going through at 6.10p early this morning.

PS I should have bought another of TCofMC's tips, KRPZ, instead 😂. That's yet another big percentage rise for KRPZ today following on from last week!

[goforgold1] 21/3/2022 09:01

It's held up for now so someone is buying . In the background

[chris cat] 21/3/2022 09:00

I read that as even more promising, Am I right?

[ih_679027] 21/3/2022 08:48

I do not see selling today as share price is unchanged from Friday !

[papillon] 21/3/2022 08:35

Is it a case of the old adage "buy on rumour and sell on fact", goforgold1?
Or in this particular case, buy on the leak, sell on the fact? 😁

[goforgold1] 21/3/2022 08:21

Well all selling again never fails

[papillon] 21/3/2022 08:06

I see today's RNS describes Bushranger as a "Copper - Gold exploration project". How interesting.

[papillon] 21/3/2022 08:01

"How you mean Leaks ?? Explain ??"
The big percentage rises of Thursday & Friday?

[goforgold1] 21/3/2022 07:44

How you mean Leaks ?? Explain ??

[goforgold1] 21/3/2022 07:43

The bigger it's getting the more the tonnage. Should be slowly but Surely moving up in price now. Not long to go to APRIL then May . CB could be on Zak Podcast today as well with an update . Markets are rebounding as well . So all good for the next few months

[arcadian] 21/3/2022 07:41

But developing leaks along the way?

PS Thanks Eol for the interview.

[all in eol] 21/3/2022 07:11

It’s not getting any smaller..