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Ortac Res. Share Chat (OTC)



Share Price: 0.17Bid: 0.16Ask: 0.18Change: 0.00 (0.00%)No Movement on Ortac Res.
Spread: 0.02Spread as %: 12.50%Open: 0.17High: 0.17Low: 0.17Yesterday’s Close: 0.17


Share Discussion for Ortac Res. (OTC)


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slimey
Posts: 7,281
Off Topic
Opinion:No Opinion
Price:0.24
well im hopeful
6 Mar '14
It will be a penny....I'm in for making money... pure gamble but one that could pay off....5.5p has to come from somewhere
 
MarcusMS
Posts: 9
Off Topic
Opinion:Hold
Price:0.24
Rating
5 Mar '14
That broker rating is a joke at 5.5. Seymore Price are embarrassing themselves rating it like that. I watched this get pumped and bumped a few months ago and didn't get anywhere near it. I'm afraid we're all waiting for the next one and I doubt it'll reach a penny.
Stretchum
Posts: 2,025
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (3)
RE: nice buy
4 Mar '14
Hey spot my friend.agree but this should push sp up a bit in morning....and getting some nice broker coverage
SPOT
Posts: 1,422
Off Topic
Opinion:No Opinion
Price:0.24
ps again
4 Mar '14
Meant to say him.
SPOT
Posts: 1,422
Off Topic
Opinion:No Opinion
Price:0.24
ps
4 Mar '14
If the broker reckons it's such a good buy, ask he how much he has invested here.
SPOT
Posts: 1,422
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (3)
RE: nice buy
4 Mar '14
Don't get too excited, it's only the chief topping up again.
Stretchum
Posts: 2,025
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (3)
nice buy
4 Mar '14
At close.broker target 5.5p and we are 0.24!!
pablo2
Posts: 5,649
Off Topic
Opinion:No Opinion
Price:0.24
From Broker
4 Mar '14
Beaufort Securities who began coverage of Ortac yesterday :

Ortac Resources (OTC.L, 0.24p) - Speculative Buy

Yesterday, Ortac Resources entered into a contract with Colonnade Mining Group for a 1,400m core drilling programme at the copper-gold project in Eritrea through its strategic partner Andiamo Exploration. The exploration programme would serve to: define copper oxide mineralisation within the top 50m of Yacob Dewar; analyse the scope of gold-bearing silica-barite zone therein; and examine additional silica-barite outcrops at the neighbouring Ber Gebay. Drilling is likely to start in the next two weeks. Besides, geological mapping and geochemical surveys at Yacob Dewar-Ber Gebay area registered further progress. Some key results from Andiamo's previous drilling at Yacob Dewar in 2012 and 2013 include: 9m at 22.47 g/t gold from 8m downhole in borehole YDD-035, 19.9m at 6.16 g/t gold from 28m in borehole YDD-030 and 63m at 2.4% copper from surface in borehole YDD-025.

Our view: Ortac’s strategic partnership with Andiamo seems to have started to bear fruits. For an investment of around US$1.5m, Ortac holds a significant (26.7%) stake in Andiamo, with an opportunity to buy another 21% for US$2m. Andiamo holds an attractive asset base of advanced stage gold-copper exploration projects in Eritrea and its historical drilling performance at Yacob Dewar looks promising. With a strong near term prospect of establishing a mineral resource estimate at the prospect, upbeat progress at the Sturec gold project in Slovakia and the recently raised financial backing of £500,000, we are optimistic about the firm’s future prospects and assign a Speculative Buy.
Stretchum
Posts: 2,025
Off Topic
Opinion:No Opinion
Price:0.24
here come
4 Mar '14
The buyers
Stretchum
Posts: 2,025
Off Topic
Opinion:No Opinion
Price:0.23
moving now
4 Mar '14
Up we go



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