Ortac Res. Share Discussion Threads

[dicko80] 28/10/2016 09:18

I'd like to think so

I'm expecting news on all fronts

zamsort - confirmation of production

CASA - revised scoping study for larger gold operation

Slovakia - small scale mining licence

Andiamo - works restarted

[dicko80] 28/10/2016 08:29

AB obviously knows a lot more than us and the fact he's bought and acquired so many shares recently can only point us PIs with a hint of things to come

[highly geared] 28/10/2016 08:21

I'd like to see them increase their stake in Casa and Zamsort; this will continue to Derick Kremnica( as a proportion of the companies asset base/balance sheet) whilst providing ever increasing upside for the investments and for when Kremnica hopefully proceeds.

Hopefully the price will consolidate at current levels as the large volume churn of recent days has hopefully cleared any 0.025 placees and traders.

[dicko80] 28/10/2016 07:45

Morning,

Due to past performance in very difficult market conditions.

They raised money but have put this to good use over the last 12months buying into big assets for not a lot of money.

They have been very shrewd.

Recovery is on and sentiment is changing, you are buying at the bottom of the next cycle and with the investments OTc now have, they look well positioned to take advantage of a v low mktcap.

[selfservice] 27/10/2016 23:35

new MiningMaven interview with Ortac CEO Vassilios Carellas

[dicko80] 27/10/2016 21:14

Hi Glenbo

Like many OTC have been in the doldrums but they look well placed to take advantage now miners are coming back in favour

All the new acquisitions, Zamsort, CASA, Andiamo look to have near term news flow which all could add a lot of value with a bit of luck

My own target is £25m mkt cap (balance sheet + 10%NPV Slovakia + cost of recent acquisitions)

But if Slovakia gets the go ahead for mining in 2017 this will need to be revised upwards

[dicko80] 27/10/2016 20:12

Looks alright keya, good balance sheet, low cost pt.

For me I'm just concentrating on gold as I see the price going through the roof.

With Slovakia it's got a serious asset, v low cost per oz c$550, high margin @ current GP and when the GP does take off the current NPV will be multiples of the current $195m NPV pretax

With the potential near term production through Slovakia and Africa it looks a steal at today's mkt valuation.

[dicko80] 27/10/2016 11:32

Hi keya

Hope you are well

Feel free :-)

Seems AB is keen to take as much stock as he can at the minute ...

What's occurring ?

;-)

[dicko80] 27/10/2016 10:55

When you look at the assets

Slovakia 100%

NPV $195m pre tax

Mining- production - revenue

71,000oz pa x $700 net margin ($1255 current gold price - 555 cost per oz)

$50m net profit per year vs £2.5m mkt cap

Add in that Gold is expected to rise significantly over the coming years

Serious upside

Even more so when the balance sheet says £12m net assets , 400%upside on this alone

Then add in CASA

Who's most advanced deposit -

Akyanka

NPV $171m (OTC 21.25% equity stake)

Drilling hopefully to confirm 3m oz gold

Prior to this revised scoping study to be issued for a much larger mining operation

Talk of 100,000oz pa x $600 net profit ($1250 -650)

$60m net profit pa

Zamsort (c20% equity stake)

on the verge of production

Highly prospective large area 1000 sqkm with potential to host multiple monster resouce assets as highlights byBarrick golds acquisition mine in 2011 for $7 billion

Talk of predators lurking

Then there is the investment in Andiamo

Low cost , good infrastructure, near surface deposits

Potential $2m per month revenues

Upside with further exploration potential multi million oz deposits at surface

+ copper

Fair value @ present would be balance sheet (£12m + 10% NPV Slovakia plus cost of investments)

c£25m

Current mkt cap £2.5m

*strongbuy*

[highly geared] 27/10/2016 09:36

Down toward placing but recent high volume days may have resolved any overhang of prior placings?
Ideally we need some more near news news to consolidate the upward momentum but OTC remains fundamentally undervalued on its investments alone. Kremnica is the larger prize for 2018 but anything positive on mining rights in early 2017 will immediately add c£20 million in value.
Watch and wait....

[giantpeach2] 26/10/2016 12:39

If you need it explaining, you have a lot to learn.

[bigego] 26/10/2016 12:37

Wow Wow you get excited very easily.

Only £3m mcap WOW!!!

So do I.

What point are you trying to make?

[giantpeach2] 26/10/2016 12:30

over 8 billion shares in issue now WOW!!!

[123trev] 26/10/2016 10:52

I see, grannyboy, is offering good advice again,stay well clear with,slyguy,giving it large on Lse that's a sure fire sighn you will lose money,lol.These rampers are all the same,my advice get in when they start take your profit and run,kinda like they do! Another example,Twis,on sml now on geo,reminds me a lot of skier,Lse is full of these merchants.ps thanx Twis made a packet on Sml but geo that's a stretch even for me,lol.

[glenbo1] 26/10/2016 10:12

Or of course you could be patient,invest early and wait and also research the company which in my opinion has huge potential and AIM is based a lot on potential look at CTAG