Xtract Resources PLC (AIM:XTR) is a gold and copper exploration and development Company with projects in Chile and South Africa.
The Chépica Gold and Copper Mine in Chile is advancing well and the mine is on track to move into profitability in April 2015. Underground development has accelerated and the focus is to develop the reef horizon in order to commence stoping at the end of H1 2015.
At the new Salvadori prospect, which forms part of the Chépica mine, a new gold reef has been discovered at surface which will increase mining flexibility in addition to having a positive impact on the grade recovered at the mine.
In South Africa, Xtract has acquired the O’Kiep and Carolusberg copper sulphide dump projects. Located within 30km of Springbok in the Northern Cape Province, with 33.8Mt of sulphide copper tailings material on surface, the priority is to carry out drilling, sampling and metallurgical work in order to commission a feasibility report .
To be honest not sure all chunky sells are sell trades . Most likely a fair few buys in there but the ( MM's ) have to fill orders and one way of doing that is frightening novice traders with what appears to be huge sell trades . Haven't done any dummy buy / sell trades not used median value to determine since these trades are disguised as delayed to appear as sell but the " SP has risen " ....... red or blue means little in share trading I've bought many a time only to see my trade as a red . Hold tight mate the ( MM's ) will try their hardest to fleece you of what you got .
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