Xtract Resources Share Discussion Threads

[mtw] 19/6/2022 09:52

Or they may be genuinely concerned that awaited news that should be supporting the share price is being delayed ?

[the count of monte_cristo] 19/6/2022 03:45

mtw16 Jun '22 - 16:11 - 6370 of 6375

This was discussed in detail on here when it happened and CB also explained the strategy in one of those ShareTalk interviews.

Funny you are bringing it up again now and writing nonsense such as "Something doesn't seem quite right with what is happening regarding bushranger. The market always knows first and the steady decline in the share price is worrying".

The strategy was simple, free the guy up to focus on things he is good at, which is exploration to add value to the company, which he has done. I think most shareholders immediately understood and got it, but there will always be some conspiracy theorists out there. It's not surprising that the XTR share price is declining when global markets are in turmoil and the markets ar tanking and copper price has come off, money is moving into cash and all assets are facing pressure. So for anyone to start posting continuously about "something must be wrong", means they don't understand what's happening in the world or they are just trying to mess with peoples heads on here for a laugh.

[papillon] 18/6/2022 22:25

Well worth listening to. He knows his gold.

[pngasef] 18/6/2022 21:03

Where shall you invest your money instead?

[backtothesoil] 18/6/2022 20:05

Zero Matrix. You shouldn't be rude to Papillon He might takes his charts away and then where will we be?

[papillon] 18/6/2022 18:08

GOLD, denjon! That's why I've kept XTR on my watch list. Obviously XTR has the revenue from gold production in Africa, but that pales into insignificance, IMO, with the exciting prospects for gold exploration on Ascot, especially as the current global economic woes augur well for the gold price in the coming years . At current gold prices I don't believe that the revenue from the African gold will be sufficient to support the current XTR share price bwtfdik?

[denjon] 18/6/2022 16:51

Glad we have some gold, copper and molybdenum in the pipeline. Every little helps.

[papillon] 18/6/2022 16:06

free stock charts from uk.advfn.com


This is the first time since the start of July 2020 that the 50 day EMA has dropped below the 200 day EMA on the Copper futures chart.

[backtothesoil] 18/6/2022 13:39

A bearish Death Cross. I'm going to sell all my xtr shares first thing on Monday.

[papillon] 18/6/2022 09:24

free stock charts from uk.advfn.com


I see that a very bearish Death Cross has just appeared on the Copper futures price chsrt. The Copper price is falling and likely to fall further. A sign that the prospects for the global economy are looking bleak.

[the diddymen] 17/6/2022 18:24

Steve the price is always going to ebb and flow a bit. XTR's current weakness will be a mix of poor economic sentiment with a touch of concern over another AIM placing.

Like you I think the current price should be supported by Africa alone - but the company has yet to confirm it.

I was hoping it would drop a litle more, but in the event I decided that the current price derisked it enough today.

I am not expecting an RNS on Monday morning. I think that the next one will be on Africa - but that is more likely in July.

[zero matrix] 17/6/2022 16:30

If there is an expectation of buy-inducing news it would make sense to hold a decent stock bought at these levels. How the 7 or so market makers would have wind of this news I do not know. But there is a lot that we do not know ... !

[steve4077] 17/6/2022 16:23

There have been lots of buys all week. Share price movement was just MM games. I suspect that they are running out of shares and finally realised that no one wanted to sell at those levels so are now being forced to push price back up and generate sells via profit rather than fear.

[denjon] 17/6/2022 15:43

I'm confused.com. What is going on with this share today? ii showing +.225p and adv +.125. Suddenly lots of buys. Is it finally the possibility of a decent RNS next week?

[steve4077] 17/6/2022 15:17

Welcome to AIM :)

XTR could justify its current share price on Manica alone. Bushranger is a huge discovery will generate considerable additional value over the next few months. You need to research the assets until you are comfortable with the long-term prospects and then have patience. Despite the MM manipulations to generate activity, the value will arrive eventually. Just don't get shaken off before than happens.

[mtw] 17/6/2022 13:53

I expect most people buy a share hoping it will increase in value so they can sell at a profit. Anyone buying since October 2021 is now showing a loss. The share price here seems to be controlled by something other than buys or sells. Not good really as a holder is hostage to something other than supply and demand.

[steve4077] 17/6/2022 13:03

Only if you sell at the current price - otherwise it is just paper movement. After I posted there were 3 buys for 562k. We now have 650k volume, of which 600k is buys and yet the official spread is down.

[mtw] 17/6/2022 12:59

Unfortunately it is the share price which determines what share holdings are valued at.

[steve4077] 17/6/2022 12:56

SP is just MMs playing games. Volume today is less than 100k shares, of which 55k is sells. Or 1 share in every 15,000. Volume yesterday was 500k. The day before, it was 1.9m, of which only 450k was sells and the rest buys. The share price changes are MMs trying to create trades, not a reflection of either volume or sentiment. I recommend getting level 2 so you can see what is happening beyond simple % changes.

[mtw] 17/6/2022 12:38

SP needs supporting here.