Xtract Resources (#XTR) - seems like positive news from Chile gold mine
- 2015-05-05 23:58:08
Xtract Resources (XTR), the recently volatile AIM performer chaired by entrepreneurial veteran Colin Bird (also head of out-of-favour Jubilee Platinum) and boasting disparate copper and gold interests in South Africa and Chile, has moved to add to its African projects. The company has signed heads of agreement with a local copper explorer to investigate 182,000 tonnes of surface oxide material with a copper grade of 0.54% at the Concordia project in South Africa’s Northern Cape.
The 200 day moving average is traditionally the benchmark as far as determining the trend for stock or market. Therefore as far as Extract Energy is concerned at the moment, its first break of the 200 day line 2 years has to be regarded as a significant technical watershed.









