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

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

are we going to see easy down easy up?

already 0.23 v 0.26p, large spread now

I'll continue to hold

Gold prices jumped on Friday after U.S. employment data came in far lower than expected, signaling continued sluggish economic growth and easing expectations of an interest-rate increase this year but adding up to a bullish backdrop for safe-haven assets like precious metals.

“That was a pretty big miss,” said Bob Haberkorn, a senior commodities broker at R.J. O’Brien in Chicago. “It’s pretty bullish for gold for the remainder of the year. With data like that, I don’t see how the Fed is going to be in a position to raise rates.”

“The jobs data could be a game-changer, to make asset allocators notice gold, which has been off the radar,” said George Gero, a senior vice president at RBC Capital Markets.

Among other precious metals, silver rose 5.2% to $15.263 an ounce, platinum rose 0.5% to $909.50 and palladium ended up 4.4% at $697.60 an ounce.

http://www.wsj.com/articles/gold-falls-ahead-of-u-s-jobs-data-1443785248

0.25p +0.02p

slowly moving higher from the lows reached 2 weeks ago intraday 0.215p
The MACD is getting bullish on reaching Convergence point

Who Should Attend?Date:

Wednesday 25th May 2016

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

Manica Gold Resource increased by 36% to 1.257Moz
ahead of completion of Bankable Feasibility Study

Xtract Resources Plc (AIM:XTR) announces that Minxcon (Pty) Ltd has completed an independent technical report (the "Report") on the mineral resources of the Company's Fair Bride gold deposit at the 3990 Mining Concession ("Manica") in Mozambique. The Report confirms that the resource at Manica has increased by 36% to 1.257Moz at a cut-off of 1g/t. The content of the Report will form a key part of the Bankable Feasibility Study on the Manica project ("BFS"), which is nearing completion.

Jan Nelson, CEO of Xtract commented: "We are extremely pleased with this significant increase in the Manica resource ahead of the completion of the BFS. Not only has the gold content increased significantly but the total Measured and Indicated volume available to be mined has also increased by over 56%. This creates flexibility from an open pit perspective, considering our revised mine plan. The significant increase in the Inferred category also shows that the life of mine of the project has the potential to be increased well beyond 12 years with further drilling."

XTR 0.125 v 0.13p +0.005p

Bought some at 0.13p

WINS ( Wnterflood Market Maker ) has since yesterday gone to the offer by them self at 0.13p, but today at one point they went to 0.125p offer, since have move higher again to 0.13p and now CFEP have move up to bid 0.125p

Are WINS playing games or ...have run out of shares to sell at 0.125p?

or want more profit on their sells?

MTI has been a seller recently and the market recons has finished their under 3% by now.

Things are going to plan as the day goes on now 0.13 v 0.135p

Volume 249 million

0.145p +0.01p

The large drop recently was mainly from Auroch sell all their stake.

Why Auroch sold out?
XTR sold Manica for $17.5mil - as a result Auroch no longer wish to be tied to Xtract (as they were holders off the back of us pushing the project forward

RNS earlier.........
Auroch Minerals Ltd
Threshold(s) that is/are crossed or 11%, 10%, 9%,8%, 7%, 6%, 5%, 4% and 3%

from .....1,137,258,065
to ....Nil