Xtract Resources (#XTR) - Auroch shareholders approve Manica sale
- 2015-10-14 23:34:58
UK 08:41 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Featuring shares of Camco Clean Energy (CCE), Quindell (QPP), Serica Energy (SQZ), Strat Aero (AERO), W Resources (WRES), Xtract Resources (XTR), together with some share price targets.
Shares in Xtract Resources (XTR) have fallen 20% to 0.24p today on the company’s disappointing interim results. Xtract has been one of the most hyped stocks of 2015, rising from a low of 0.07p to a high of 0.45p on 1 June. Following the inevitable pullback in advance of 29 June’s placement, the share price settled in a range of 0f 0.215p to 0.3p, only to start rallying again last week. Cynics might wonder whether this was a pre-results pump ahead of today’s dump. Certainly anyone who bought in at yesterday’s high of 0.324p is now nursing a hefty loss, within half a trading session. The question now is can Xtract regain its momentum?
Featuring shares in Formation Group (FRM), Independent Oil & Gas (IOG), Mediazest (MDZ), Powerhouse Energy (PHE), Sable Mining (SBLM), Xtract Resources (XTR) with share price targets for all five stocks.
Featuring the shares of Advanced Oncotherapy (AVO), Central Rand Gold (CRND), Great Western Mining (GWMO), Range Resources (RRL), Vast Resources (VAST), Xtract Resources (XTR), together with some share price targets.
Depressed gold at $1,092.45c (£700) an ounce and copper at below $2.40c a lb have yet to attract hordes of bargain hunters or contrarians, but AIM-quoted Xtract Resources (XTR) is keeping up the momentum in its quest to develop gold and copper opportunities across the globe. Chaired by entrepreneurial veteran Colin Bird, of Jubilee Platinum (JLP) and Tiger Resources, and steered by chief executive officer Jan Nelson, ex-boss of Pan African Resources, the company is characteristically trumpeting the discovery of a second high-grade reef system, ‘Reef System B’, at its Chepica gold and copper mine in Chile.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Horizon Discovery (HZD), Michelmersh Brick Holdings (MBH), Xtract Resources (XTR)
Featuring Aminex (AEX), Landsdowne Oil & Gas (LOGP), Magnolia Petroleum (MAGP), Tern (TERN), Xtract Resources (XTR)
Featuring Cap-XX (CPX), Imaginatik (IMTK), Marechale Capital (MAC), Xtract Resources (XTR)
Featuring Frontera Resources (FRR), Mobilityone (MBO), Sirius Minerals (SXX), Valirx (VAL), XTR Resources (XTR)
Expansive and newly popular Xtract Resources (XTR) is poised to make another acquisition, this time of an as yet unnamed South African gold producer capable of delivering 60,000 oz. to 100,000 oz. a year, according to chief executive officer Jan Nelson. Shares in Xtract, highlighted here in April at 0.25p, have bounced from a barely-visible 12-month low of 0.07p to 0.41p, as the company has increased potential resources in and around its three-year Chepica copper and gold project in Chile, and Nelson, ex-boss of Pan African Resources, declares the proposed acquisition, which would involve issuing shares, could ‘seriously transform’ the IM-quoted company’, now valued at £26.25 million.
John Meyer of SP Angel this morning comments on Anglo American, Acacia Mining, Kefi Minerals, Wolf Minerals & Xtract Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
