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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)

Ortac Res. Share Chat (OTC)

Share Price: 0.024Bid: 0.023Ask: 0.025Change: 0.0005 (+2.13%)Riser - Ortac Res.
Spread: 0.002Spread as %: 8.70%Open: 0.0235High: 0.024Low: 0.0235Yesterday’s Close: 0.0235

Share Discussion for Ortac Res.

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Posts: 13
Off Topic
Opinion:No Opinion
RE: What a joke
Wed 14:34
I'm inclined to agree Spoonhead.

We have now gone from the 'Company that dilutes' to the 'company that dilutes and invests in companies that dilute'. It's a new Kafka-esque meta-economic model!

Alexcooper, I agree with Spoonhead on this. OTC is a serious punt. We have resources that have been in limbo for at least 8 years. and multiple other investments that are behind or about which we hear nothing.

Others here such as Futures74 seem more optimistic. They are right in that if all the investments across Africa and Eastern Europe come good with will be a multibagger. The risk is the company has an absence of any track record of bringing its own resources to fruition or successful investment in other resources. So it is a very big 'if'.

If you have a few hundred pounds burning a hole in your pocket have a punt. Just don't count on getting it back anytime soon; or even at all.
Posts: 24
Opinion:No Opinion
What a joke
Tue 19:53
Alexcooper .your answer is quite clear ,don't bother investing here,you will wait an eternity to get a return .could not believe what I read today.
All this company does is dilute ,dilute and dilute. OTC is a joke of a company .poorest performing company .still no sign of anything of substance,no news of any progress .slovakia forget it.and now with another big mouth to feed (nick Von shirnding)where's the money going to come from to feed him,oh yes I know more dilution.todays trading was farcical but typical.

I've got 55 million Ortac share that might as well be used for wiping something.needs a total miracle.
Posts: 127
Off Topic
Opinion:No Opinion
Andiamo update
Tue 07:54
So the BOD are playing down the fact that OTC's holdings in Andiamo have just been dilutted by around 8.5%. This was always destined to happen and for sure, OTC will not have the funds currently to maintain their holdings in Andiamo. A better deal would have been to enter into a JV with Andiamo on one of its prospective areas and gain an interest that way. In that way, the investment may have been more likely to add value. Now all we see is the >US$1.5 million spent on Andiamo being diluted with relatively little to show for it AND, other parties getting in on the act!
Posts: 1,856
Off Topic
Opinion:No Opinion
RE: news
Sun 09:25
This is my take on it, based on info from RNSs and VC's presentation on 3rd November:

Slovakia: News about the mining permit - details about this in the RNSs. This could come out tomorrow, or could drag on for ages.

Casa - Akyanga: per VC presentation 3rd November: Complete scoping study over 5,000 meters by mid 2017 (phase 1).

Andiamo, Eritrea: per RNS Interim Results 16 December: Expect an update on their plans for "an active 2017 exploration season".

Zamsort: Still waiting for confirmation that Ortac have received the share certificates for conversion of the loan. Seems to have been dragging on for a long time now.

Also confirmation that construction of the plant at Kalaba has been completed. This has been held up during the rainy season which finishes in March, so probably no news on this until April at the earliest, probably May.

I'm standing at a loss at the moment, but I believe that this company has potential if things get moving. It seems there are several log-jams at the moment (i.e. Slovakia & Zamsort) but hopefully these will be cleared throughout 2017.
Posts: 198
Off Topic
Opinion:No Opinion
Sun 08:38
If we knew that, most of us wouldn't be sitting on a loss
Posts: 10
Off Topic
Opinion:No Opinion
Sat 10:24
Hi Guys debating investing, when is the next news/event due that could see a major spike in the share price? thanks in advance !!!
Posts: 1,955
Off Topic
Opinion:No Opinion
solid assets
15 Feb '17
the chairman bought in at last placing at 0.04p. and quite a few shares. v good board appointment too.

acv i remember fell off a cliff. 10 Bagged on recovery on buyout but dyor on that one.

Someone may well start noticing these assets in this commodity market
Posts: 14
Off Topic
Opinion:No Opinion
RE: News due?
27 Jan '17
Sounds like a "hair of the dog" moment :+)
Posts: 98
Premium Chat Member
Off Topic
Opinion:No Opinion
News due?
27 Jan '17
-11% opened - a nice bit of buying and straight back up.
Posts: 9,651
Premium Chat Member
Off Topic
Opinion:No Opinion
RE: weekend reading
21 Jan '17
Casa does look a great prospect for what otc paid.

No problem with placings just not bucket shops at huge discount. Raise at market price or a premium with warrants then great.

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