Link for stock tube interview http://www.stocktube.com/video/ortac-resources-raises-600-000-to-increase-stake-in-zamsort
The combined resource value of all three projects (Slovakia + Eriteria + Zambia) is over £1.50 billion pounds and the market cap is around £2.5M. We are already seeing the bottom or not far from there. Interestingly, even if gold were to go down another 20% from current price of 1160s, the gold mining operations at Slovakia and Eritrea would still be cashflow positive operation. Copper is slowly inching up, and with the massive resource potential of Kalaba cu-co project, the Zambian operations itself would be more than £500 million worth.
Not knocking it, and from what a few are saying this is a multi-bagger all the way. However, won't happen quickly and of course good to you getting in now at the placing price. This reminds me a bit of NCT and I'll treat it the same way. Took sometime for the SP to move from 0.09-0.1p. I would expect a few 10-20% spikes in time before it rises proper. Loads of buying yesterday but the ASK didn't budge, although the buy price did increase, only to drop back today. A good share for the patient and maybe for those willing to stick around for a few short weeks to realise some decent value. Of course, the bigger gains are much further down the road. Nothing wrong with getting in early!
Yes, thought this would rise today however the ask seemed to drop through the day maybe to clear the £4k sell, maybe for something else. Still the Zambia asset is what's it's all about and getting in at a nice low mc level too.
Why IM IN ?
Ortac Resources* (OTC LN) 0.09p, Mkt Cap £2.5m – Funding and directors subscription  Ortac Resources have raised £600,000 through the placing of 706m new shares to investors at a price of 0.085 pence per share.  Three directors also subscribed for some £50,000 worth of news shares  The funding should enable the company to exercise a call option to acquire a total of 19.35% of Zamsort in Zambia.  Zamsort holds license over a small, alluvial style, copper mining operation where drilling and mining to date suggests potential for a significantly larger mining operation.  Zamsort also hold substantial exploration tenements in a region which appears to be of interest to other copper mining companies.  It is worth noting that Kirawa, which held similar tenements within the region was sold to First Quantum Minerals for $260m in late 2009.  First Quantum have since started development of the Trident project, consisting of Sentinel which is targeting 270-300,000tpa of copper and Enterprise which is planned to produce 38,000tpa of nickel in concentrate rising to 60,000tpa GLA
Looks like you were wrong about that! Anyway, not important, as this could be a great one to be in, given time. Will need lots of patience to maximise gains. Have an overhang to clear and will take sometime. Need to research it a bit, but having a few decent posters in here take decent positions is certainly encouraging.
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