Ortac Resources has raised £500,000 through the placing of 200 million new ordinary shares at a price of 0.25 pence each. The new money takes the total in treasury to over £3million, according to Ortac’s chief executive, Vassilios Carellas, reports that, “it now has over £3 million in treasury”. The raise has also brought a new institutional shareholder onto the register. The money will allow progress to be made at the company’s Slovakian projects which consist of a number of gold licences...
prof smith. Why do you think they would give up on sturec afters years of work, when they have done all the ground work, I would say that the potential upside here far outways the downside any body buying in here at these levels are laughing.
indeed i don't think anyone took that quote seriously. In fact it only harms their credibility for future stocks as no one will bother reading their info. My strategy is not to hang on to stocks too long if i can help it unless there is something really promising happening with a company.
I pretty much ignored the forecasts as at this stage they are pie in the sky really especially one which was at 5p. it has hit around 60 within the last year maybe even hot twice from memory. It is capable of going 40-45 i think, probably when the first positive RNS hits.
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