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Ortac Res. Share Discussion Threads
Showing 13326 to 13348 of 13350 messages
|Ortac Resources (OTC.L, 3.75p) - Speculative Buy
Ortac Resources has announced it has entered into a joint venture with a Slovakian company to jointly develop the Sturec gold project (900koz of reserves). The JV needs to be formalised in a legally binding contract, but presumably this is either close or highly likely to complete.
Our view: Ortac has been trying to develop Sturec for too long and most observers have probably written it off. But if this JV can unlock the local political support Sturec requires to achieve mine construction, it will be great news for Ortac shareholders. In fact Sturec's value is hardly, if at all, reflected in Ortac's share price. Assuming reasonable JV terms this development could lead to a re-rating for Ortac and a jump in the share price.
Beaufort Securities acts as corporate broker to Ortac Resources plc|
|We shall. We should see some T+ traders covering coming off this. In the next few hours and days to support share price with this RNS.|
|Bringing in a "Slovakian partner" might oil the wheels on pushing ahead front.
We shall see.|
|Zamsort worries me, porsche. The plant was initially supposed to be completed before November last year, then when VC spoke to them (just before his Nov. video) they were about half way complete and had to stop for the rainy season. That's from November through to April. Now they say they are still half way there and need to raise more money to complete the plant (as per VC's last video). It just goes on and on.
Also, I haven't seen any confirmation that OTC have received the share certificates for the loan conversion from last year.
I hope it comes good because I believe there's a lot of potential there, but I think they're a bunch of chancers!|
|I hope this deal works as I am only really looking at the Cobalt. If they can get this Slovakia project moving then focus on Zamsort... I think it's Zamsort where the Alpha returns are.... Here for the cobalt !!!|
|LSE bb:Load NewerToday 09:05 Price: 4.75EyeGuy 10,347 postsRE: yep$1 billion revenue over life of mine. Good numbers there. Too cheap. Surely will re rate nowOff Topic No OpinionReply to postReport postToday 09:04 Price: 4.75EyeGuy 10,347 postsRE: for this projectturec project base case demonstrates good economic viability: o Net Present Value ('NPV') at 8% discount rate (pre tax) of US$195 million (post tax US$145 million) and Internal Rate of Return ('IRR') of 30% (at US$1,343/oz Au Eq net price) confirms potential robust value creation for the shareholders and the local region; o Cash operating costs US$555 per oz Au Eq (excluding royalties, local synergetic projects and partnerships); o Projected project life of 11 years with average annual production of 71,000 oz Au Eq; o Pre-production Capital Expenditure of US$124 million (including 15% contingency on processing and infrastructure items); o Life of project revenue of circa US$1,046 million (817 million); and o Approximately US$150 million (117 million) payable to Slovak Authorities over project life US$98 million (77 million) of taxes and US$52 million (41 million) of royalties).Off Topic No OpinionReply to postReport post|
|I want see the financial services on this one I agree great potential but this has dragged on since I got married and that was 11 years ago..lol|
|Agree mill.. But when and if it arrives then double figures.. Small gamble for me now|
|Would be careful here,jv are non binding can be cancelled at any time,needs alot more precise details not just headline news..|
|Double figures soon enough.. More details needed.. RNS soon?|
|Per Todays news.
Quite obviously any half reasonable deal could propel OTC to being valued somewhat
beyond its Microcap valuation.|
|The current market cap is only £2.5 million so the potential upside if one can put a proper value on the gold if mining can commence is massive.|
|Why not wait until signed.. Do they need more money already|
|Excellent News if they pull it off these are worth 3p,4,5p easy or more.|
|Good Morning -
They did mention they were working towards a JV partner with Sturec -
900mill ounces of gold there -
v positive development as it was in the making -|
|RNS joint venture with a local Slovak company on the gold project. This looks like a very positive development.|
|RNS out... Long road ahead... but it just got a little bit shorter. best outcome for OTC.
Looks like we finally got some good news from OTC from the land of Slovakia.
As per Dec 2016 accounts - “Vendor” + “ Smelter “ must be the local companies OTC have partnered up with. so no new overheads as such for OTC.
*Well done to all local people that want to work*|
|VC video presentation at UK Investor show. Pity about the background noise, though!
|casa is still a minority investment and in the hellhole DRC
we need to hear news on a proper deal not a part deal, they go nowhere fast as can be seen from zam,ant,cas.
they have brought on this new bloke, lets see if he can shake em up a bit.|
|I quite agree tomboys good speculative potential|
|Back below 4p
With casa going for 3 mill ounces and slovakia just a short breath away from getting their underground permit it could be an interesting time
The mkt cap simply looks wayto low.|
|rns out today -
Increase in Casa Mining stake targeting 3 mill ounce resource -
Could be a monster asset -|