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Reason for Xtract Resources , recent share price drop

lse:xtr

#1

I’m trying to figure out why the Market Makers are taking the SP down . Are they closing shorts in open market or is it because the Q2 2019 Manica Concession , Alluvial Gold Quarterly update isn’t expected until 1st August 2019 .

I’m starting to suspect the later since Q1 quarterly update RNS wasn’t issued until 1st May 2019 , owing to dorey bars being sold in Dubai at a higher price . We know our gold is going to be sold there in future too hence 3 months from May 1st takes us to August 1st giving Market Makers plenty of time to create a market by dropping the SP , rising the SP , dropping the SP … etc … aye , it’s a funny old game .