Xtract Resources Share Discussion Threads

[divmad] 11/5/2022 05:53

Goforgold1 has a very good feel for current market trends in the shares her follows. I would listen carefully to what he says rather than diss him. My biggest locked in gain this year, BEN, I owe to his initial ramping around 15p, so I know first hand of his timing skills, even if he doesn't have the fundamental knowledge of others.

[the count of monte_cristo] 11/5/2022 05:32

A fairly substantial piece of construction, let's get that gold out of the ground!

[all in eol] 10/5/2022 22:07

The Empress team just returned from a successful site visit at our Manica investment, in Mozambique. Check out the exciting developments happening, as it's scheduled to begin production in Q2 2022. Stay tuned for more content from the site visit! ...

[silverspoon2009] 10/5/2022 21:44

Great news for shareholders, Manica due to commence gold production within weeks, if I recall Colin Bird said Manica would deliver $500,000 revenue a month to XTR once in production.

Tweet tonight from Empress Royalty.



A great time to buy, the shares are very oversold right now.

[lurker5] 10/5/2022 18:00

The share price for a small mining cap on AIM means nothing. Surely you know that Asitis ? No professional will be dealing so as to establish a true value. which is set by small players with their own limited judgement and short term requirements. While some of your observations have merit, that you can come out with that one shows your limited experience. Best to keep quiet.

[papillon] 10/5/2022 16:20

Look at the chart I posted yesterday, Asitis. The long term trend (as shown by the 200 day EMA) is still up. Granted the chart doesn't imply that XTR will multi-bag anytime soon and the uptrend is not steeply upwards, but the chart is not bearish. If it does turn bearish (IMO) I'd be out of XTR quicker than you could say Jack Robinson! 😁

[goforgold1] 10/5/2022 16:14

Plus they will need more money millions of warrants At 1.25p to go as well This has got a long long way to go to get over 6p again . Mms trapping people in today as well

[asitis] 10/5/2022 15:35

papillon. If the results were not unexpected between Racecourse and Ascot then why drill there ? It looks like the geos do not have a clue and are desperately trying to find something as time is running out for Bird to explain to shareholders that they have fallen short.
The share price movement is not one for a company with multi bagging action around the corner is it.

[papillon] 10/5/2022 15:32

No it doesn't, Asitis. In fact as the chart I posted last night shows the longer term trend for the XTR share price is still up. A rising 200 day EMA with the 50 day EMA still above it.
Today's share price does "say differently" I'll grant you that, but again as the chart I posted last night shows the XTR share price has been in a short term downtrend for the past 2 weeks. In fact, as I said last night, I expected a drop back to the 200 day EMA. As it happens today it has dropped below the 200 day EMA, but I expect it to soon be above it again. Meanwhile the support at 5p has kicked in.

PS I had been selling XTR shares recently, but only to buy more MILA (which I fancy as much as XTR). I bought more MILA on Friday, yesterday and today with some of the money.

[asitis] 10/5/2022 14:37

The share price says differently ;-)

[papillon] 10/5/2022 14:18

👍 Many thanks for that, johnswan193.

After reading iceberg's blog I've just bought another 25k XTR shares. That's 50k of cheap XTR shares I've picked up today. Now have 200k shares. Perhaps I should thank that dope, goforgold1, for his ignorant comments for helping to lower the XTR sp, rather than criticising him! 🤣

[johnswan193] 10/5/2022 14:11

Iceberg from the other site usually provides good insights.

[papillon] 10/5/2022 13:57

Do read iceberg's blog, goforgold1, you might then stop talking out of your backside and get something right for a change! 😁
Here is the conclusion of iceberg's blog:
"So, to recap: The results were pretty much as expected. Xtract still has the massive Racecourse site. It still has Ascot, which was always going to extend south. Now it has also added the very heavy gold find with 33 – which must be a different system. We can knock on the head the idea that Racecourse and Ascot join (always unlikely).

To buy sub 5p was very pleasant thanks to the Market, we still have everything we had prior the RNS, including the income from Africa, IP, JORC etc."

[papillon] 10/5/2022 13:37

"theiceberg

Posts: 7,711

Price: 5.10

No Opinion

blog Today 12:29
Very quickly typed, not a huge amount in it.
[...]
Key: Pretty much as expected. A little disappointing between Racecourse and Ascot, however balanced out by the new gold system.
A slowly better understanding of the area, but nothing, nothing to merit the fall that's happened.
I do really hope that Colin talks about a shallow drill plan for 33.
I can't wait for the new drills further south, but plenty to come with the IP survey and African income."

Copied from the lse bb. This guy knows his stuff, so his blog is worth reading. Today's drop has definitely been overdone. Keep holding is my advice and add if you have available cash to invest.

Edit. I did post a link to iceberg's blog, but in their infinite wisdom advfn erased it! Go to the lse XTR bb if you want to see the link to iceberg's blog post.
At least the lse site announced XTR's RNS this morning unlike advfn!

[papillon] 10/5/2022 12:00

I just bought 25k of XTR shares to add to my existing holding of 150k, as I believe today's drop following this latest RNS, though warranted, is overdone and that the longer term chart is still bullish. Ever the optimist! 🤣 🤣
I now have similar amounts of money invested in both MILA and XTR.

[the count of monte_cristo] 10/5/2022 11:56

Virtually all the resource stocks declined yesterday due to the global sell off in commodities. Copper has been especially hammered on the growth in China and increasing risks of recessions for many economies.

[papillon] 10/5/2022 11:29

The XTR share price fell by 7% yesterday. Some might think that some suspected the release of a disappointing RNS was to be issued the next day. If that was the case then they thought correctly! 🤣

PS the Heikin-Ashi candlesticks pointed to the start of a downtrend last week.

[papillon] 10/5/2022 11:21

Well XTR is definitely oversold, going by the 14 day RSI, but shares can stay oversold for a long time.
I've read that some share traders sell a share when it falls below the 20 day EMA and that happened over 2 weeks ago.
Longer term the XTR chart is still bullish. Of course share prices are news dependent as we found out today! 😁.

[farnesbarnes] 10/5/2022 11:05

What ZM states is potentially feasible. If that scenario does play out, it would produce a hammer candlestick one assumes. Nonetheless, in my experience hammer lows have a nasty habit of being tested over the course of the next month or so. I don't necessarily see a qucik reversal, and hope I am wrong. Position size is everything.