Ortac Res. Share Discussion Threads

[dicko80] 18/10/2016 10:49

Are yes mr 5million buyer got his hoover out

[melodrama] 18/10/2016 10:22

yep, buyer about this a.m.

[dicko80] 18/10/2016 10:21

Starting to look interesting again

[heron80] 18/10/2016 09:19

Something else worth mentioning, The Akyanga deposit has a Value of $171m.

This could be another transformational stake for OTC.

MDM Engineering Projects Ltd ("MDM"), in conjunction with SRK Consulting UK Limited ("SRK"), completed a scoping feasibility study for the Akyanga deposit resulting in an ungeared NPV (8%) and IRR of US$171m and 35% respectively at a US$1,300/oz gold price. This assumed a contract mining scenario with an initial capital cost estimate of US$87.4m and a total operating cost of US$628/oz.

[melodrama] 18/10/2016 09:09

Great news, thanks Heron

[heron80] 18/10/2016 09:03

It's all going on

PREM have bought into CASA 4.5% costing $250k.

That equates to CASA's stake of 19.9% @ $1.09m thereabouts.

Looks cheaper by the day.
That investment alone almost matches the market cap!

Slovakia - £5m
ZamSort - £2m
Andiamo - £500k

dyor but looks bloody cheap at £1.9m mk cap

[bared_bones] 17/10/2016 22:29

All systems go hopefully! Lth's deserve a break..

[highly geared] 17/10/2016 22:14

Article in Slovak media that indicates acceptable environmental impact assessment for the Sturec mine.
Reading between the lines , the mine will proceed next year.

[888icb] 17/10/2016 21:27

UP 12% today on a volume of 76 million. Is news coming?

[melodrama] 17/10/2016 17:33

That's a weekly closed line chart, so even in one day, the vol has beaten most weekly vols in the last few months, good sign.

[richgit] 17/10/2016 16:19

The day we witness a 500Million share volume day-all will become clearer.

[highly geared] 17/10/2016 15:24

KM: spot on.The downside here is minimal and I'd argue their investments in the African assets more than cover the tiny market cap. Anything official on Kremnica should see this instantly treble to relect anything like " fair value" at this stage. IIRC, the resource is JORC'd and at over 1 million oz in the measured/ indicated category.....

[kiwimonk] 17/10/2016 14:42

Canadians waking up!

Finally broken the MACD in to Positive. on a 1D timeline over 12 month price line.

Hold on

[kiwimonk] 17/10/2016 13:48

looking very promising guys, thanks for the research. Looks like a case of When not if, OTC get the green light to mine. that report pretty much says no adverse effect to environment on a small scale operation.
Providing Jobs to the Local community, and revenue to the Exchequer, looks a pretty sure thing.
Got to be worth £10m on the Market Cap. Alone.
The other investments are worth as I've tried to establish in the header a fair multiple more than £1.6m current mk val.

ATB
KM

[highly geared] 17/10/2016 09:54

If Slovakia is in play again then fair value pre mine start up probably 2.5p region giving it £18 million market cap. So, a bit of upside from these levels..

[heron80] 17/10/2016 08:28

This news has to filter through, people haven't cottoned on yet.

just found this: Ortacs Slovkian Site. You need to translate it but 2017 still on course for mining. With the positive EIA from consultant. should be there.

fingers x'd

[wooster4] 17/10/2016 08:21

peterz - that's a lot more than 88% down...hope you retrieve some of it.

[melodrama] 16/10/2016 13:15

Thanks, same to you!

[peterz] 16/10/2016 13:10

Hope it comes good. I, of course…lol, will be holding.

May even average down…..

[melodrama] 16/10/2016 09:23

Been in and out a few times on spikes peter, always with the intention of holding but share price never followed through to the upside, bought last week based on Vols and recent dir buy plus a few pos dev in the last few months. Hopefully a long term hold now! We shall see.

[peterz] 16/10/2016 09:19

melodrama - Really hope so..Think I'm more than 88% down. In real terms £29k dwindled down to £300. How foolish was I….don't need to answer :-).

[melodrama] 14/10/2016 16:23

Great stuff heron, I noted board Dir purchases recently, so all is coming together

[heron80] 14/10/2016 16:19

That would give us 3 projects and a project worth $140m NPV in slovakia on a £2m mk cap ;)

[heron80] 14/10/2016 16:10

looks like today's date and a long awaited fillip for OTC if this goes through they will have a mining operation throwing off quite a bit of money.