Xtract Resources Share Discussion Threads

[papillon] 31/3/2022 13:45

Oh well, back to sleep whilst waiting for the next RNS. At least TD (The Diddymen) will be pleased with the lack of buying interest generated by today's RNS! 🤣 He only wants the game changing RNS to be issued after the 6th April so he can load up his ISA again with cheap XTR shares! So TD is a happy bunny today, goforgold1, even if you aren't.

[arcadian] 31/3/2022 13:34

Pleased with these but confess I would like to hear more of Ascot as I believe that Ascot is the real game changer for Bushranger.

Maybe the really good stuff will come nearer the end of the drilling program .

[zero matrix] 31/3/2022 12:26

I disagree Talkman. A look at the daily chart since Dec 2020 demonstrates a clear trend of higher lows. Taking the short term spike to 9p in Jan 2021, and subsequent drop and bounce, you could also construct a believable wedge formation emerging, with an apex (opportunity to break up or down significantly) in mid May.

Any sensible holder appreciates this is a longish hold while the proving of the resource unfolds, and that we are nearer the end than the start. (Cryptocurrency trading is available to those with micro-short term goals and needs for immediate gratification, or possible total annihilation).

Chart patterns, in themselves, do not demonstrate what a share price is going to do. Rather, they are a good indication of aggregated sentiment. A wedge pattern demonstrates an underlying base price rising, with occasional bursts of enthusiasm that are tempered, as if tethered by an elastic band, back down into the consensus value level.

May has been widely touted, by armchair experts and in fact those at the heart of the company, as a key period of time.

All to play for!

[papillon] 31/3/2022 12:26

Of course it needs volume to move up, goforgold1. You're stating the bleeding obvious! Unfortunately this RNS, on it's own, is not that exciting so is unlikely to generate a lot of buying (or selling, for that matter).

[papillon] 31/3/2022 12:15

Talkman2?? It only got above 6p in early February and has only been between 6p and 7p for under 3 weeks in February and around 2 weeks in March so hardly range bound! 🤔

[talkman2] 31/3/2022 12:04

This share is completely range bound. Can’t seem to move beyond 6-7p . Very frustrating. Wonder whether we will ever get a decisive move up .

[goforgold1] 31/3/2022 11:50

Need volume

[the count of monte_cristo] 31/3/2022 11:37

Decent enough drill results. MIMDAS results due soon, then more drilling and news flow.

[papillon] 31/3/2022 11:12

We'll have share price lift off very soon! Light the blue touch paper and stand well back! 😁.

PS I wonder if goforgold1 still holds? He has no patience.

[the count of monte_cristo] 31/3/2022 11:01

April should be a strong month for XTR, looking forward to it.

[papillon] 30/3/2022 21:06

🤣 TD. You haven't got long to wait, TD, until the 6th April.

[the diddymen] 30/3/2022 20:51

My preference is for the stock to stay static until 6th April! No more RNSs please Colin.

[papillon] 30/3/2022 09:14

👍 MARKinvestor.

I was expecting (hoping) that the XTR share price would test and then surpass the January 2021 high before the end of 2021 based on the excellent newsflow, but it was not to be. I'm now expecting (hoping) that the share price will be above 10p before the end of April. 🤞
The share price should be above 10p by now based on the excellent prospects in store for XTR if it wasn't for goforgold1's "sellers" 🤣 🤣. Unfortunately XTR has had a long and not very distinguished past and there must be many long term holders itching to sell their shares when their target price to sell is reached.

[markinvestor] 30/3/2022 08:51

Bloomberg article on Copper:

Copper is a commodity heavyweight to watch closely in the quarter to come even as bond investors try to fathom would-be recession signals and the Fed lumbers into meaningful action like a grumpy grandpa woken from his nap. For the metal, there’s scope for gains here.

The global copper market is tight. In China, exchange-tracked holdings follow a seasonal pattern, rising through to March and then falling away. Right now, stockpiles are at their lowest level for this time of year in at least a decade. While some industrial activity may be lockdown-affected, these holdings are scant. Elsewhere, LME inventories are close to the lowest since 2005.

Other factors are at play. The war in Ukraine still risks crimping Russian flows. While the LME says without formal sanctions, the nation’s metal remains welcome for delivery, transport services are disrupted. Of note recently, Goldman popped up with a warning that price gains were in store.

Copper -- a lifeblood metal needed for cables, wires and, yes, that electric battery vital to the energy transition -- has climbed about 7% this quarter. It’s established a solid foothold above $10,000/ton. Look for a record price of $11,000 or more.

[papillon] 30/3/2022 07:45

Well the "sellers" must still be in bed, goforgold1, since only 3 small trades so far today and all have been buys! 🤣 🤣

[goforgold1] 29/3/2022 18:44

Sellers are back again this share never changes .

[papillon] 29/3/2022 16:14

Be interesting to see, in the absence of news, whether the psychological support offered by 6p continues to hold.

[papillon] 29/3/2022 13:51

ODR. 👍 🤣
CB already has! 😁

[onedayrodders] 29/3/2022 13:45

Give em a call Mark and let them know about Xtract

;o)

[markinvestor] 29/3/2022 13:43

*RIO TINTO PUSHING TO INNOVATE TO ACCELERATE COPPER PROJECTS

[goforgold1] 29/3/2022 06:21

Welll for all what CB saying about APRIL May . To conclude my be a deal so near to that time and someone dumping not a hood sign to be honest . These are sells from the other day when there was hood buying but price stayed low. Mms was being fed stock and yesterday trades have shown up now. I posted before there is a sellers at that level. 6.30p to 6.40p

[papillon] 28/3/2022 17:51

2 large, late, reported trades from Friday reported after 4:30pm today. Par for the course these day's for XTR.
2m @ 6.30p timed at 12:22pm on Friday for a cost of £126k and 500k @ 6.251p timed at 8:37pm on Friday for a cost of £31.30k.
Were they buys, or sells? Likely the latter? Who knows? Even if they were sells the share price was able to absorb them on Friday because the share price hardly moved during the day. In fact the share price rose after midday on Friday!

[papillon] 28/3/2022 16:35

👍 All in Eol. 🤣🤣