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OTC Ortac Res.

2.45
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ortac Res. LSE:OTC London Ordinary Share VGG6829M1187 ORDS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.45 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
2.40 2.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.45 GBX

Ortac Res. (OTC) Latest News

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Ortac Res. (OTC) Discussions and Chat

Ortac Res. (OTC) Most Recent Trades

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Ortac Res. (OTC) Top Chat Posts

Top Posts
Posted at 02/4/2018 07:29 by bsg
OTC have changed their name to Arc minerals (ARCM).
Posted at 10/1/2018 10:00 by cpap man
Agree maverick247 the sellers will soon get exhausted [indeed this has most likely already happened] at OTC

CASA MINING [and perhaps ZAMSORT?] will absolutely transform OTC with the OTC share price going to at least 10p to 15p

CASA MINING's project in the DRC will be an absolute ELEPHANT i.e. very big!

Perhaps 8 to 12 million ounces!
Posted at 10/1/2018 07:30 by cpap man
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration



10 January 2018

ORTAC RESOURCES LTD

("ORTAC" or the "COMPANY")



UPDATE ON THE OFFER FOR CASA MINING LIMITED



Ortac Resources Ltd is pleased to announce that in relation to the offer for the balance of the issued share capital of Casa Mining Ltd ("Casa") (the "Offer"), it has increased its interest in Casa from 84.7% to 87.4% since the previous RNS announcement made on 13 December 2017.

If the Offer is accepted by all shareholders of Casa, then a total of 100,000,000 new ordinary shares of no par value of the Company ("New Ordinary Shares") will be issued to Casa shareholders pursuant to the Offer and acquisition of Casa.

On 10 November 2017, Ortac made an application for a block admission of 100,000,000 New Ordinary Shares to trading on the AIM market of the London Stock Exchange plc and these shares were admitted to trading on AIM on 15 November 2017 ("Block Admission").

To date, Ortac has issued 77,597,646 New Ordinary Shares pursuant to the acquisition of Casa and the Offer, so up to 22,402,354 New Ordinary Shares potentially remain to be issued under the Block Admission.



The Offer remains open until 10 May 2018 and acceptances continue to be received daily.



Following the issue of the New Ordinary Shares, the total issued share capital of the Company consists of 311,399,300 ordinary shares of no par value with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 311,399,300 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Posted at 16/12/2017 20:57 by tees maar khan
Ortac Resources have the money for the time being. Perhaps you pair are not suited to investing?

A company needs funds to grow. I think you'll find that they have already done a placing recently. Money doesn't grow on trees you know.

So what if they do another placing, down the line at a much higher share price. Big deal.

TMK
Posted at 16/12/2017 15:32 by richgit
My own predictions of what is coming have been sorely delayed,but then only because World debt is accelerating towards a brick wall,and all Major currency
only offers an IOU of soaring debt as its so called asset .

Only due to the incredulous fraud and manipulation of fools Gold/Paper Comex Casino
Paper Gold & Silver

Imagine the response -when your Bank Manager asks what is your asset to support the loan you want and you answer "Unpayable debt "

Remember the very words of the CME Boss Man "Gold should probably be $5600 now !!"

Then imagine if the most oppressed and suppressed sentiment in History towards
Gold & Silver stocks starts to change.

Whilst it may not be the best illustration of sentiment- just look back to the
dot-com days of Baltimore which went from so little to ending up in the FTSE 100.

Some would rightly argue "But Baltimore ended up virtually bust"


Yes-but what an incredible ride that made many multi-millionaies.

What could happen for some stocks like OTC that at least will be involved
with the World`s only true Money ,that the likes of Balitmore never had!?

Only those that know what is truly going on with Gold will understand the point
of what OTC could achieve with a stock price at multiples of Today, and Investors
supporting and fighting over fund raising (speculate to accumulate) in a scenario
where many Majors are running out of resources.

Patience and foresight with a spread of risks.

IMHO
Posted at 15/12/2017 15:00 by cpap man
As a larger CASA MINING shareholder 1savvyinvestor your post above is indeed spot on - i actually have already bought more Casa Mining [obviously now via OTC] via the recent placing.

IMHO some of the placees [who were not Casa Mining shareholders] have been selling out for a quick buck or two whilst like you i would prefer to hang around for the very big long term profits which means an OTC share price north of 10p
Posted at 03/11/2017 09:40 by cpap man
Totally agree maverick247 - best to let the flippers from the recent placing out, let the share price consolidate between 2.5p and 3.5p and build from there to much, much, much, much higher share price levels....
Posted at 02/11/2017 17:09 by the stigologist
Seeing some suggestions CGO could take OTC's project ?

Contango is an interesting choice of name with relation to OTC markets

hxxp://www.theotcspace.com/content/normal-contango
Posted at 11/7/2017 21:16 by ryan83
Sturec - they were having a meeting with JV partner and lawyers Friday ahead of making a legally binding agreement. Still a flagship project considering the resource. Trial mining to commence this month. They are waiting for 18 days to pass from mining permit issuance before it is effective to get started. Will need the JV deal to be legally binding first. Once trial mining starts the JV partnership will then asses the best way forward and terms. Things have been progressing but bieng kept low key as the local NGO has been using OTC transparency to cause problems with local people. VC notes that the NGO has been quiet of late......also VC said it's abysmal behaviour by NGO as their members are well off and been trying to block the project which would create many jobs for local people who only earn on average 250 euros a month if they have a job. OTC licence area originally included the town so a lot of fear monger were saying OTC are going to crush the town for the project. OTC would never have done this and so have removed the town from the licence area and handed back to state. Many locals didn't know that the mine plan was 1km away from the town. The introduction of a local Slovakian mining company and revision of licence area are all to help locals understand the project is not at their expense and improve relations.

CASA, i asked about valuation and trouble with local tribes. In terms of value he said look at Amani mining listed in tsx. $50m cap with jorc 1.5m oz at 1.55g/t. They do have another higher grade project they are developing however. VC did say you need a gold project north of 2g/t to be a good project here. Amani also have 55%. In terms of local people he said CASA have been there a while and the government is very strong and backing of the mining community. They have local people on the books and have been free of any trouble and local 'militia' not seen as a problem currently. Drill program to start in a week or two and will last approx 3 months for this phase. CASA have interest from majors and have recently received buy out offers.

Zamsort has a huge potential. They are in between two well developed domes so essentially own the last underexplored licence area. Majors are and continue to be very interested in Zamsort. They are on the other side of the dome from Kirwani. The copper company that Colin bird sold for $260m two years after acquiring for $2m. Zamsort don't want to dilute and want debt finance to complete and commission the plant. They are trying to use the stockpile as collateral. The stockpile has not been processed as Zamsort only receive credits for copper which is worth around $5-6m. They don't want to send it off for processing because there is around $6m worth of cobalt in the stockpile too! Which would go straight into the pockets of the people processing the stockpile. Zamsort have come very close to completing Debt finance twice. Nick has joined Zamsort board from OTC to help them realise this target. Or even work a situation whereby OTC may help them with this but not as a loan. 'OTC are not bank' VC said. Current guidance is Zamsort are expecting to sort the finance by end of August. This is going to be a fantastic asset and one I love!

Andiamo - drill results due this month. They feel they have a Bisha mine type deposit that they need to drill up. Bisha is extremely profitable and owned by local government after buying out the previous owner. The deal is to prove up and sell for $100's millions

Which by the way is Zamsort target. They want to provide proof of concept with the plant and output and sell for $100's millions. Hence they don't want dilution

CASA must be worth £15m to OTC. Good drill results and much higher. Sturec must have a £5m value with permit issued. As decisions are made on developing the asset then much higher. $1bn project. Zamsort depends on your view. If this finance is sorted and production in a few months this would be worth £5-10m to OTC. Andiamo let's wait and see.

£25m cap on these projects as it stands for me.

Today's price doesn't even reflect CASA
Posted at 17/3/2017 13:42 by fatboy1nc
REF: GrannyboyShould not be necessary it was the uncertainty of "this" license progressing that has hit OTC share price . we will know in one months time. As for the fundraising... I don't think it is necessary. As we have paid for the feasibility study and the tonnage test sample from the underground mine. Machinery and labour costs will be minimal as OTC has a existing relationship with a local company
Ortac Res. share price data is direct from the London Stock Exchange

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