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Should be near 20+p just based on the asset. Undervalued massively. The DRC and the Slovakian asset are immediate value multiplier force.... Phase 2 drilling on the way, updared jorc definition on the way. Anything upwards of 2m ounce jorc resource for DRC asset would be a gamechanger. Major mining companies can give upwards of £100m just for the DRC project. DYOR
Yep, it'll be the name change.... anyone remember Windscale to Sellafield - that covered up the disaster eh... sorry couldn't resist it....
OTC at 4.4p and still thought it was HUGELY undervalued. The rerate is coming, and it will be significant IMO
needs to return to 4-5p to really get excited. MC is just a tad over £5m..
What’s brewing is finally a fair value for OTC. and it’s much higher than this
something brewing on SP
The right set of RNSes would put the shares on fire...
On the verge of breakout....could open 15x-20x as opening bid....calm before storm! DYOR
last traded +14% low volume remain @ offer
on the move
Agree very interesting.
http://www.sharepickers.com/category/podcasts/ @ 21min in OTC is mentioned -very positive analysis from Optiva securities -these guys do have a habit of picking some reals gems...
Value is subjective - the previous placement did diluted the share price, but it has also helped Ortac Resources to build stake in monster assets at cheap valuation - and this in turn will be the foundation on which the company will grow even stronger. Mining companies going through placements is normal, what needs to happen in AIM companies is that the future placements from potential new investors needs to be on higher valuation (just like it does in venture capital backed companies).
In the same time you have been plugging that message (which has been fairly consistent for years now) Ortac has lost 99% of its value. Ortac will be lucky to survive
Valuation can reach 150m+ quickly on non-dilutive source of funding. (offtake agreements, forward selling, non-convertible loan notes) The resources are there which could easily propel Ortac into FTSE 250 - the investors needs clear road-map of project timeline in regards to the updated JORC definition, PFS and EPC of the mining operations. Phase 2 drilling plan of DRC project Tie-ups with mining majors can expedite Ortac transition from an AIM listed company to FTSE 250 listed company... Execution is king. Lets see...
Lol...Guess you'll be keeping them forever then. Keep the ramping in touch boys, or I may have to come back and post why this is only a dog of a share
I agree aeasty. I'm here for the long term also. If you're prepared to hold long term though, figures way above 6p have been quoted.
Gold, Copper and Cobalt - Ortac Resources have got it all. - Two projects with 1 million + gold ounce JORC resource (Slovakia, DRC) - Copper and Cobalt asset in Zambia that are close to existing billion dollar mines with same geology. And being open pit mining operations, the capex to build the Zambian assets would be recovered in less than 5 years. - And then finally we still have Eriterian asset, which if disposed would give Ortac Reources to fund DRC phase 2 drilling plan or Zambian JORC definition. Alternatively, if the low scale open pit mining operations are started, then it can bring limited cashflow. All in all, Ortac Resources is a undervalued miner which present valuation should be upwards of £150m+ from the current market cap of around £5m, just the casa mining project current valuation is worth upwards of £150m. It would cost in a region of £400m to £750+m to bring the massive 2-5+m gold ounce casa project into production. With Casa, we are looking at an asset that can generate annual revenue of £250m+ at 250,000 au oz annual production. The Slovakian, The Zambian and The Eritrean asset are the additional asset are still discounted in Ortac's share price. Undervalued by 'EPIC' proportion. Eventually the market would value it....So accumulate it while the peeps are still engaged with oil and gas and pharma plays....
Placing shares cant be finnished already !
Are filled, no more required for me. Happy to hold and wait. I certainly won’t be selling any below 6p
Bought another 200k yesterday but found them very hard to buy..could not get a quote all through the morning..my trade was the last trade of the day..does that tell me what I think that theres a lot of buying going on behind the scenes
Here, good vibes with good news flow in the pipeline and a placing out of the way. Up up and awaaaay
Is clearly the short term value driver to unlock OTC and you can see what the new management are doing ie increase ownership as soon as possible, boost reserves etc. IMO once the process is done Casa will be spun out or sold driving OTC much higher and the focus will be on Zambia. A few smart investors have worked this out and are starting to buy in the low 2s. Time will tell but I don’t think that we will stay at this market cap much longer now that we have an experienced board with a clear strategy.
Yes CC and it is happening here (and everywhere). Merry Xmas P00rman. May all your Sturecs be golden!
I am not sure about the buletin board buyout, but what is certainly needed in AIM is more transparency in the running of AIM companies... I feel currently institutional / HNWI investors have advantage over small investors. There should be a rule in regards to raising working capital, i.e. existing shareholders (who have held the shares for more than 12/24 months much be given an option over any future investors in regards to raising capital during placement....The capital raising through placings from HNWIs and other sophisticated investors is taking the **** out of small investors......