Xtract Resources Share Discussion Threads

[the count of monte_cristo] 10/5/2022 09:12

If this is correct then we will see this very large order today.

[zero matrix] 10/5/2022 08:51

I wouldn't call it an overreaction, johnswan. Someone called their broker shortly after 8 and asked to buy a seven figure amount of shares and wanted to pay 5p per share. Very little stock available. Raising prices to encourage sellers taking profit would encourage more buyers which the market makers would have been obliged to fill up to Normal Market Size obligations. But there is a juicy 7 figure order to fill, and that 7 figure number probably started with a 5. Answer? Lower the bid, PIs panic and offload, probably reluctantly but in a panic, stock becomes available, quite a lot in a short period of time, and the big order can be filled. Watch out for it being posted later this afternoon, when we will look at it in disbelief and feel cheated. So the order is filled and the share price is cranked back up again at a respectably gentle rate in order not to look too much like a blastantly artificial manoeuvre. I see we are back up over 5p now and climbing.

That is my reading. I'm sorry for those who have held for a while and believed in the company, but have just sold, probably at a loss, at 4.6p and need to spend an extra 10% now in order to buy back.

[asitis] 10/5/2022 08:37

Watch out for Bird's favorite lse echo chamber poster doing a pumping blog before another rinse and repeat dump. Shareholders getting played big style here and have fallen for the over promise.

[johnswan193] 10/5/2022 08:30

CB is doing an interview with Zak today. Expect today will prove to be an overreaction.

[asitis] 10/5/2022 08:19

The problem is that out of the two means the grades are probably uneconomic as there is just too much soil to dig out to get anything. Its a big difference Ascot adding to an already economic 2 million tons resource and Ascot having to try and make up some numbers on something which looks like it has fallen short.

[2603] 10/5/2022 08:15

Nothings changed. Still on course, this is the part between RC and Ascot, madness drop. There will be 2mt out of the two so what’s the problem.

[asitis] 10/5/2022 08:11

Got to smile when I see posts declaring its just a tree shake or its just panic selling and all the copper hasn't just disappeared. No it hasn't just disappeared ! The question that needs to be asked is "Was it there in the first place" ??
The market sussed very early on that bushranger was not economic compared to better minable deposits.

[p5tvr] 10/5/2022 07:54

pap are you still in profit? LOL

[chesty1] 10/5/2022 07:52

If you want to remake your dreams WSBN I switch out of XTR my long term hold & into WSBN 3 months ago....That could be huge! XTR will come good just need to get rid of the warrants.

[asitis] 10/5/2022 07:49

Into the 4's now and dropping like a stone (thats tanking for OneDayRodders). Got to feel for all those who are having their dreams trashed once again.

[chris cat] 10/5/2022 07:43

The assay RNS isn't showing on Advfn

[zero matrix] 10/5/2022 07:43

My view ... It looks to me that this RNS has been the trigger for a large buy order to be placed. AS XTR shares are fairly tightly held - investors have had some time to establish firmly held positions - the market makers need to frighten some holders to release stock in order for them to fill this large order.

Uncomfortable to watch.

[asitis] 10/5/2022 07:37

Steve4077 I did try and tell you that the grades are not good enough. There will be meltdown in the lse echo chamber when the penny drops that shareholders have been led up the garden path.

[papillon] 10/5/2022 07:34

Testing 5p support. Will it hold?

[picardy] 10/5/2022 06:54

Is CB interviewing with Zac today?

[1madmarky] 10/5/2022 06:48

15.5 g/t is pretty bloody amazing compared to other mines. Another set of useful drill results, that continue to increase the size of the resource. Just need the modelling to complete for the horse trading to start :-)

[the count of monte_cristo] 10/5/2022 06:46

The likelihood is that with further exploration they will find more of those high grades.

[denjon] 10/5/2022 06:28

15.5g/t. Certainly not to be sniffed at. Every little helps.

[picardy] 10/5/2022 06:25

"No gold still" - have you even read the RNS or just talking out of your ass, as usual?

[pngasef] 10/5/2022 06:08

Assay results RNS this morning. Highlights ·    The results have been returned from six exploratory holes on the Bushranger exploration project·    Full results are available in Tables 1 to 5 below, with best results including;·    2m at 15.50g/t Au from 191m in drillhole BRDD-21-033·    18m at 0.34% CuEq from 388m in drillhole BRDD-22-044·    12m at 0.29% CuEq from 242m in drillhole BRDD-21-029·    10m at 0.57g/t Au from 530m in drillhole BRDD-21-023

[papillon] 09/5/2022 21:50

I wonder why this RNS has been issued after the market closed @ 5:27pm? After all it's not market sensitive news, so why not issue it at 7am tomorrow morning?

Any thoughts, All in Eol?

[papillon] 09/5/2022 21:41

free stock charts from uk.advfn.com


As I predicted last week, in the absence of news, the XTR share price drops back down again to the 200 day EMA.
The 200 day EMA is still rising so the chart still looks bullish to me. We await news.