Ortac Res. Share Discussion Threads

[maverick247] 10/1/2018 09:18

Mike was placing flippers can only sell once lots news to come here and mcap low Lets try again lolI actually took the placing and could have sold for 50% profit 3 times now but holding for 9-10p have spoken with companyFocus is spot on now akayaga looks to be a significant 55km multimillion ounce gold belt nowDont forget sturec could be soldAnd then there is zamsort!

[cpap man] 10/1/2018 07:30

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.

[mike_f] 09/1/2018 17:24

Can't believe this finished flat! Must be a seller at play.

[cpap man] 09/1/2018 09:50

VOX MARKETS PODCAST on OTC now available at www.voxmarkets.co.uk

[maverick247] 09/1/2018 09:06

When you look at peer projects for the resource casa have this should be around £20m cap ie 9-10p

[maverick247] 09/1/2018 08:57

This rise is long overdue and more news to come too wake me up at 10p nearer fair value :-)

[1savvyinvestor] 09/1/2018 08:35

What's not to like?

[maverick247] 09/1/2018 08:11

Great results solid hold from here mcap a mere 5m with nearly 2m cash so nothing for the portfolio they have

[cpap man] 09/1/2018 07:45

Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration



9 January 2018

ORTAC RESOURCES LTD

("ORTAC" or the "COMPANY")



Casa Update; further significant gold mineralisation at Akyanga



Since announcing the acquisition of Casa Mining Limited ("Casa") in November 2017, the management of Ortac has been actively working to complete the acquisition and integration of Casa. To date Ortac owns 87.4% of Casa and expects the acquisition to be completed shortly. As part of the integration with Casa, Ortac management have completed a number of meetings as well as an extensive site visit - in this regard Ortac has also been completing a review of historical drilling data at Casa which includes over 100 holes of exploration drilling predominantly at the Akyanga license area (which has a JORC Mineral Resource of 1.5m ounces @1.65 g/t Au) ("Akyanga"). The results of these will be announced within the next month.

In the meantime, Ortac is pleased to report further significant new gold assay results taken from the expansion and infill drill programme currently underway at Akyanga.



Highlights of the latest batch of drill results are as follows:



MSDD0117



· 4.55m @ 3.15 g/t Au from 189.45m

· 6.70m @ 2.01 g/t Au from 209.80m



MSDD0118



· 5.85m @ 2.47 g/t Au from 199.40m

· 7.80m @ 2.67 g/t Au from 240.70m; incl. 1.70m @ 10.46 g/t Au from 240.70m



Nick von Schirnding, Ortac's Executive Chairman, commented:

"With over 3,300 meters drilled in 2017, these are again a pleasing set of results, this time from the outer perimeter of our drilling programme at Akyanga - with good consistency of grade well above 2 g/t Au. Both 117 and 118 show good zones of mineable thickness and previous drilling results within 100 metres of hole 118 show 18 metres of 4.63 g/t. We are now evaluating the possibility of expanding certain conceptualised pits - with all the economic advantages that scale brings. We look forward to updating the market going forward as we continue work on this very exciting deposit."

[cpap man] 02/1/2018 10:00

yes good news indeed - OTC just need to re-name to CASA and move forwards fast whilst disposing of all the junk!

[1savvyinvestor] 02/1/2018 07:48

Agreed . I have personal experience of his quality as was invested in "Copperbelt " which was another small company at first with copper in Drc and was sold to the Chinese for a massive profit

[luckyphilip] 02/1/2018 07:43

Fantastic appointment. Jonathan de Thierry is a proven genius at extracting value from projects . It looks like ortac is increasingly being run by casa people

[cpap man] 29/12/2017 08:10

Interims out from OTC



CHAIRMAN'S STATEMENT 2017 INTERIM RESULTS



Since taking over as your chairman in September 2017 the Company has made a number of significant changes, both to its board and strategy. The board of directors has been refreshed with Brian McMaster, Michael Foster and myself constituting a completely new board and we shall be appointing a further director to the board in early January 2017. The strategy of Ortac has also been revamped, with a clear focus on developing our African mining exploration assets, specifically in the DRC and Zambia.



In November 2017 the Company announced the intention to acquire 100% of Casa Mining, owner of the exciting gold deposit situated in the DRC and we raised $2.2m for the ongoing 5000m drill programme. Our current ownership stands at 87.44% and we expect this to be a wholly owned subsidiary in a matter of weeks. In respect of Zamsort we are actively engaged with other key shareholders to progress exploration work and I am hopeful we can announce further developments in the near future around this very prospective copper / cobalt property in Zambia.



We are also in discussions with a number of interested parties in regard to looking at options for our Slovakian exploration property, Sturec. We believe that while the future potential of the asset is significant, it requires an owner with a longer timeframe to work through the various issues in respect of developing Sturec.



I would like to thank Anthony Balme, Paul Heber and Vasilli Carellas for their contributions over the years to the Ortac board. As announced, Vasilli has assumed the role of Chief Operating Officer and will be spending the majority of his time in central and southern Africa.



With a clear vision going forward I look forward to starting 2018 with a sense of energy and optimism as we execute our strategy.

[the_boy_plunger] 20/12/2017 09:00

yawn

pair of numpties

LOL

[the stigologist] 19/12/2017 18:45

like a lot of people in last few years tbp seems to have lost his marbles and his cojones

[cpap man] 19/12/2017 18:40

Have you read any of the recent RNSs from OTC t-b–p?!?!?

No?

Perhaps time to go back to your CASA as it's getting late!!!!

[the stigologist] 18/12/2017 08:33

When people are this negative on a share it tells me there is little hope value and the path of least resistance is up

You don't have to listen to me I've only had the amazing hot hand recently of

VRS 13p to 90p
PYC 1p to 30p
VAL 1p to 7p
AOR 10p to 70p
LION 0.8p to 6p

[bsg] 18/12/2017 08:23

If it is at a much higher price. In my experience it will not be, not for the next few placings IMO. Then, when the flippers have had enough there will probably be an open offer.

[tees maar khan] 16/12/2017 20:57

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

[bsg] 16/12/2017 17:56

Multiple placings IMO.

[grannyboy] 16/12/2017 16:28

Before this gets to 10p there will be a placing.

[richgit] 16/12/2017 15:32

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