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Xtract Resources – a classic Colin Bird Pump & Dump action replay from September

By Tom Winnifrith | Thursday 21 January 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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.

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