Xtract Energy - looking for oil in shale. Feasible and cost effective? Anyone in these at present?

http://www.investegate.co.uk/xtract-resources-plc--xtr-/rns/final-results/201406030700096543I/

It's all looking good. high speculative but lots of news due...mid tier company in the making in the coming month! dyor

movements lately

A very bullish RNS........

Chepica Mine - Delivering on key milestones

Xtract Resources Plc (AIM:XTR) announces an operational update on key milestones at the Chepica Gold and Copper Mine in Chile ("Chepica"). On 30 March 2015, the Company raised £1.75m which was to be deployed towards further underground development at Chepica and to carry out drilling and metallurgical test work on the Xtract's sulphide copper tailings dumps in South Africa ('O'Kiep Project'). The Company can confirm that good progress has been made at Chepica and the following objectives have been achieved:

· The mine reached its target of achieving profitability one month ahead of schedule in May 2015

· The mine is on track to achieve a profit margin of 60% by the end of Q3 2015 (exceeding management's pre-fundraising commitments to investors of 35%)

· The mine is on track to make a monthly profit of US$500k by the end of August 2015. Whilst there will be some seasonal variations going forward, Xtract expects this level of profitability to be maintained on average in each quarter as per the pre-fundraising commitments to investors

· Xtract also expects the mine's quarterly revenue from Q3 onwards to comfortably exceed its earlier estimate of US$1.2m per quarter as per the pre-fundraising commitments to investors

· Open pit mining commenced in March 2015, six months ahead of schedule (as per pre-fundraising commitments), and mining is continuing on two open pit areas, with a third open pit area currently being prepared for mining

· The Company plans to commit 27% (or US$700k) of the funds raised in March to provide (a) underground support, (b) new development and (c) on-mine exploration

· The Company intends that a further US$500k will be spent on on-mine exploration and drilling in Q3

· Xtract is also committed to developing the Colin, Francisco and Theoni prospects, in addition to a fourth prospect, Chepica Main, to increase mining flexibility and avoid the risk of production stoppage as was committed to investors as part of fund-raising

· Since the fundraising, the mine has produced consistently and without interruptions

· Chepica is also on target to achieve throughput of 10,000t by September 2015 (as per pre-fundraising commitments to investors)

Going forward, Xtract intends to provide quarterly updates with particular reference to production at the Chepica mine.

The Company will provide an update on the progress of the South African copper projects and expenditure at the Annual General Meeting to be held at 13.30 on the 29 June 2015 at the Pelham Hotel, 15 Cromwell Place, South Kensington, London, SW7 2LA. Notice of the Company's 2015 Annual General Meeting has been posted to shareholders, and the Annual Report for the year ended 31 December 2014 is also available on the Company's website www.xtractresources.com.

Jan Nelson, CEO of Xtract, said: "We are absolutely delighted with the excellent progress made at Chepica over the past few months and that we are on track to exceed forecasted revenue and profit for Q3 2015, as we committed to investors as part of our fundraising. The team has made excellent progress at Chepica and we intend to keep this momentum up as we develop out this exciting project."

Now going places as volume has shoot up

Is it ready for the bounce after a week of marked down

Shares Magazine- today

Xtract Resources’ golden move
Small cap set to hit institutional investor radar with mine acquisition

A discounted share placing to buy a mining project previously discarded
by the chief executive under a previous job has left some Xtract Resources
(XTR:AIM) investors scratching their heads. Don't panic; this looks a very interesting deal and one which could help the small cap become a 100,000 ounce per year gold producer in the not-too-distant future.
The $12.5 million purchase of the Manica gold project in Mozambique will elevate

Xtract's status and likely put it on the radar of institutional investors. Chief executive Jan Nelson has a good reputation in the gold market from his days running Pan African Resources (PAF:AIM).
Gaining the interest of City analysts, fund managers and private equity vehicles should make it easier to raise money down the line to develop Manica's Fair Bride deposit and potentially a copper project under evaluation in South Africa. Xtract will need an estimated $28.4 million to bring the open pit element of Fair Bride into production. Internally-generated cash is expected to fund a further $14.8 million
bill to develop the underground operations four years later.

Nelson says he hopes to majority fund the open pit element through debt finance and/or agree to sell up to a quarter of gold production at a discount in exchange for upfront cash from an offtake partner. The project already has a mining licence and is only four months away from having a completed bankable feasibility study.
Manica was sold in 2012 by Pan African under Nelson's leadership. He implies that Pan African's biggest shareholder at the time (Metorex) forced the disposal of the asset to focus on the producing Barberton mine. 'It was a spin-off. We put the asset into Auroch Minerals (AOU:ASX) which has subsequently made significant improvements to it.

'It was always a great asset; Metorex (MTX:JSE) wouldn't have reversed into Pan African if it wasn't for the work (the latter) did to prove up Manica,' says Nelson. 'Auroch has since done a lot of good work but it has become difficult for them to raise capital,' he adds.
Xtract has proved its ability to secure funds with approximately £11 million raised in the past 12 months.Manica is expected to produce just under 50,000 ounces of gold annually, starting from early 2017. Nelson says there is potential to go to 100,000 ounces per year by exploiting satellite pits around the mine. Xtract already produces gold in Chile from the Chepica deposit. 'That is a 12,000 ounce a year mine operation which could go to 25,000 ounces a year through us being a regional consolidator,' adds the CEO.

Based on the current 0.3p share price, Xtract will be valued at £25.8 million once new shares associated with the Manica deal and the final payment for the South Africa copper project are issued on 3 July.
Retail shareholders are losing patience given a string of dilutive placements. Now looks the point where longer-term investors will enter. Manica has the hallmarks of elevating Xtract's status,

Glenn Whiddon commented that Xtract had an excellent technical and operating team
5th July 2015
http://goo.gl/1kbVvP

The appointment of Glenn Whiddon is a significant step as it places more control in the hands of the shareholders and of a group that has a demonstrated track record in generating value.
What would really transform the Company would be the management “Trinity” of Messers Bartlett, Sinclair and Whiddon, but in the absence of Bartlett the dynamic duo of Sinclair and Whiddon is a pretty close second. As such, we believe that positive things should now start to happen, and while there is a long way to go before value can be restored, this is a timely first step.

CEO.
“As we indicate in our corporate presentation and as also highlighted in external research available on our website, the value of Azonto’s interest in Gazelle is significantly in excess of our current market capitalization.,the economics remain fully robust even though the price of oil has fallen significantly in recent months.
We look forward therefore to working with Vioco towards project sanction and unlocking full value for shareholders.”

Is the share price ready for a bounce after such a dismal performance since the last news?

Today there is volume and a bit of a bounce, the chart is signaling that.

Though on holidays today´s I pip at the net and was a good feeling to see the market since yesterday bouncing back.

on the up to 0.29p +0.03p

Copper cash official confirmed $/mtonne 5605.25 +44 (0.8%)

Copper Prices Edge Higher on Signs of Stability From China

Copper prices inched higher Monday on support from a firmer Chinese stock market and data showing the country's imports of copper stabilized in June.

The most actively traded contract, for September delivery, was recently up 0.2 cent, or 0.1%, at $2.5395 a pound on the Comex division of the New York Mercantile Exchange.

Last week, copper prices plunged to six-year lows after a selloff in China's share market fueled fears the losses would spread to the wider economy and damp demand for raw materials. China is the world's top copper consumer, accounting for about 40% of global demand, and investors worried that a troubles in the stock market could hamper broader economic activity. Copper is widely used in manufacturing and construction and is a core input into everyday goods like phones, computers and cars.

On Monday, copper prices turned higher after Chinese stocks rallied. The Shanghai Composite Index rose 2.4% to 3971.14, up 13% since Wednesday and locking in its third straight day of gains. The smaller Shenzhen Composite Index rose 4.2%. The gains came as 355 stocks resumed trading after a lockdown by authorities.

"The rebound in Chinese equities is certainly helping the situation," said Dave Meger, director of metals trading at High Ridge Futures in Chicago. The stock rally is helping to re-establish investor confidence in China and the government's ability to keep its economy on course toward its target growth, he said.

Copper futures are also getting a boost from investors looking for a bargain in the wake of last week's selloff, Mr. Meger said.

China's imports of copper and copper products totaled 350,000 metric tons in June, unchanged from a year earlier, according to the General Administration of Customs. Still, imports for the first six months of the year were down 11% from the same period of 2014, reflecting this year's slowdown in China's demand for the industrial metal.

"Imports could improve in (the second half) as China's economy seems to be stabilizing and strong government infrastructure programs continue," analysts at Barclays said in a note to clients.

Copper Prices Edge lower as China prospects for their economy is lower growth so demand for raw materials will be well down

But XTR reached a bottom of the last retracement yesterday and has been moving higher since

Copper Rebounds From Six-Year Low

Copper prices rose on Thursday, pulling up from a six-year low as gains in other metals and purchases by investors who sought a bargain lent support.

The most actively traded contract, for September delivery, rose 4.35 cents, or 1.9%, to settle at $2.3195 a pound on the Comex division of the New York Mercantile Exchange.

Prices of the industrial metal have been plumbing lows last seen in July 2009 as investors wagered that slower economic growth in China would translate into lower purchases by the country. China is the world's top copper consumer, driving about 40% of global demand. Recent signs of slower manufacturing and construction activity have pushed traders to bet that copper prices would fall.

On Thursday, however, copper got a respite from the recent drubbing as some investors sought to buy the metal while its price is depressed.

"You have some bottom-pickers out there," said Bill O'Neill, co-founder of commodities investment company Logic Advisors.

Some investors who have been betting on further losses in copper also sought to close out those bets and lock in recent profits.

Speculative traders in copper futures and options have been net bearish for 10 straight weeks, according to weekly data from the Commodity Futures Trading Commissionreleased on Friday.

Still, copper is likely to continue marching lower in the coming weeks should economic data from China point to continued deterioration, said Mr. O'Neill...........

KEEP an EYE

@ 0.255p

From earlier on the volume was large and now share price moving higher, has been at this lower end for some time at the chart. Copper price looks to be ready for a push forward. Positive level 2 of 2 v 1. The large volume sounds of expectations of share price breaking the 50MA now very close. Indicator Stochastic well oversold.

A chart from someone that thinks positive on the 14th

XTR closed above MA50, MACD closing in on signal line, RSI close to buy range + vol increasing

0.305p +0.025p

a very positive share today, the chart is looking very good at the moment and the large volume is helping on the rise

a very negative share then today. The dangers of falling for the pump....

The pump must be the B@stard "cp1"

sell when is over the top BB, learn and then speak out loudly, we can not hear you, we only see you BIG mouth spouting you know what.

buy 0.26 sell 0.322p that is the way to make money

Is not the first time so let it be a reminder only so far........
put down as a Stalker

Put he money of GBO sell today on here @ 0.2292p

Sell when is goes over Upper Bollinger Band and BUY when is under or around Lower BB is the normal clue to go well on most stocks