Xtract Resources Share Discussion Threads

[papillon] 25/5/2022 15:59

I did have 250k shares in XTR, Steve4077. I started selling when the price was over 6p and sold out completely early last week. That may be a mistake on my part, but it's my decision.
I'm bullish on gold, which again may be a mistake on my part, but it's my money and I can do what I like with it. My money is mostly in GPM I also hold MILA and a small number of EST.

[backtothesoil] 25/5/2022 15:55

I thought double top was a circus or is it a big top. Either way like your charts the circus is all about make believe

[steve4077] 25/5/2022 15:52

Papillon Last few days:
20th May: I don't hold any XTR. It may fall to 4p
24th May: Bearish double top
24th May: May fall to 4p
25th May (morning): If johnswan hadn't been buying, price woudl have fallen.
(probably bought XTR shares at this point)
25th May (now): Expect the share price to bounce

[tdoubleu] 25/5/2022 15:51

Have you ever run any statistical analyses of your prediction vs real world results. In the short time I've read them they are wrong more than not, I would walk away from your charts for AIM shares, to be honest for most shares at the moment they just aren't going to give you anything. I would be interested in seeing it if you have, my instinct would say you have a better chance flipping a coin but I'm happy to be shown I'm wrong (with workings included!)

[papillon] 25/5/2022 15:51

Here's another link, backtothesoil, which shows I didn't make up the term "Double Top" either!

[backtothesoil] 25/5/2022 15:50

I thought you had already had me filtered.

[papillon] 25/5/2022 15:47

Just so you know that I didn't make it up, backtothesoil

[zero matrix] 25/5/2022 15:37

Blue makes a welcome change in colour scheme. An hour of trading to go. I watch with interest.

[papillon] 25/5/2022 15:32

Don't be as stupid as your name implies, backtothesoil.
I said 4p was a possible short term target share price given by the bearish double top. Google a chart double top. I didn't make it up.
Nothing goes down in a straight line, just as nothing goes up in a straight line. Have you never heard of a dead cat bounce? I never made up the term Relative Strength Index (RSI) either. Look that up as well, while you're about it.
You're a cretin, backtothesoil. An ignorant curmudgeon. You're filtered.

[backtothesoil] 25/5/2022 14:44

So 19 hours ago your charts were expecting 4p. Now they are expecting a bounce. Total rubbish.

[papillon] 25/5/2022 14:03

Well according to the 14 day RSI XTR is oversold and has been since early last week. So expect the share price to bounce, but when and from what price is just conjecture at the moment as shares can stay oversold for some time. One needs to see the RSI start to rise from an oversold position. Currently the RSI is still declining.

[guyshelby] 25/5/2022 10:51

We are seeing quite normal reporting now for AIM companies, the phase 1 and early phase 2 news blitz was to reduce dilution as was always going to need to be funded which is par for the course in junior exploration mining. Partly too, to uk private investors general lack of understanding of porphyry deposits with their big bulk, low grades. An ASX listing may have been a consideration if it were not for being in the unique position of having the buy back agreement, which the project marketing has centred around. So the fact news has dropped off is a certainty no further placings will follow.
With fairbride not expected to start until June/July now, imo is an indication exploration is coming/ has come to an end after with potentially the 2mt has been modelled. No need for hand holding now, trust your research that made you decide to invest and sit tight now.

[goforgold1] 25/5/2022 10:00

That chart looks very very bad . Market saying things are not right and insiders are getting out . Not in

[asitis] 25/5/2022 09:59

The "new group" of poster experts over at lse echo chamber clearly haven't been in XTR long enough to understand the signs when things are not right.

[papillon] 25/5/2022 09:53

You didn't move the price with your 5 purchases totalling 1m shares, johnswan193, because there were 4 sells at around the same time totalling just over 1m shares. If you hadn't been buying the share price would have likely dropped lower than it did this morning.

[ih_679027] 25/5/2022 09:48

What would all give us confidence if Colin would buy some stock in the market !

[cinoib] 25/5/2022 09:43

I hope you don't all get your fingers burnt as something is not right here so like a lot of regular posters, have moved to pastures new.. Will keep an eye open, just in case anything new crops up.

[picardy] 25/5/2022 09:18

I wish I had funds available. Thinking even of selling some other stocks to add here. Complete nonsense, not helped by CB's silence I must say.

[johnswan193] 25/5/2022 09:10

Hopefully news soon, I have bought another 1M this morning at/around 4.7p. 250k, 200k & 150k tranches.

[papillon] 24/5/2022 18:43

My XTR log chart gives a possible short term target share price of circa 4p from the bearish double top pattern that formed earlier this month. Of course news could be issued in the meantime.

[goforgold1] 24/5/2022 17:56

Betoken to the down side now . Will fall very quickly now on low volume . Mms made a killing here marked it up to 7p let there mates out . Now dropping it right back down to 3p looks like might bounce if 3.50p but Gojng down CB spoon the web out no deal coming here grades to low .

[asitis] 24/5/2022 15:43

The red thumbs down brigade cant stop the tanking share price If the big deal that the shareholders were promised was to conclude in May then those in the know would not be selling off. By the time large sells appear the share price will be even lower.

[asitis] 24/5/2022 13:35

Down into the 3's I'm afraid as there is no substance to support the fluff.