With some folks having paid 8p+ for shares in Xtract Resources (XTR) late last week, today the company did a placing to the sewer-dwelling clients of Novum Securities at just 4.5p. The shares are now just 4.8p to sell. Boy those folks suckered in by the Colin Bird ramping must be hurting today. This is so familiar but I did warn you explicitly what the old scoundrel was up to.
Hello, Share Players. This modest article is out of the ordinary. Lately, I’ve been featuring companies I think stand to benefit from the covid shadow or which should recover faster than most after a nasty year. Today I feature a share which has given me a few worries, but which has suddenly taken off...
After his role in anabling the fraud at Sefton Resources (SER), including in smearing the UK's top investigative journalist, Dr Michael Green should NOT be working in financial services. You know my views. But he is. and his job these days seems to be penning bonkers research notes on small mining stocks setting insane share price targets which are multiples of the current share price. You may remember his classic piece on Bluebird Merchant (BMV) where the target - and I say this as an enthusiastic sharenholder - was just insane. Then there was a classic on the worthless James Parsons POS Ascent. His latest note is on Xtract (XTR) where he predicts profits of 500% for those buying the shares. If you enjoy a piece of badly wfritten fiction and don't have a Jeffrey Archer to hand, the note is below.
Having advised readers to bank big gains on Xtract Resources (XTR), I waited the requisite period and then dumped my own shares, disgusted by the way that Chairman Colin “Calamity” Bird seemed determined to dilute his mug punters in a shameless and un-needed fashion. Today, vindication.
Xtract Resources (XTR) “is pleased to announce… has concluded an additional mining contractor agreement with Longhau Tianci Mining Co Ltd for the exploitation of the Boa Esperanza hard rock gold deposit at its Manica mining concession in Mozambique”… that is not the major news. But let's start at Boa...
Xtract Resources (XTR) “is pleased to announce… a mining contractor agreement with Longhau Tianci Mining Co Ltd for the exploitation of the Guy Fawkes hard rock gold deposit at its Manica mining concession in Mozambique”...
