A £2 million placing by Ortac Resources (OTC) clearly shows a return to a more positive attitude by investors to fund exploration risk. Having said that, developments do see investors follow more than $30 million of investment risk capital already sunk into Casa Mining’s, DRC-located, Misisi gold project.
In this video from the storming success that was the 2017 UK Investor Show, Vassilios Carellas, CEO of Ortac Resources (OTC), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
It’s interesting to note recent developments by AIM listed miners, Ortac Resources (OTC) and Premier African Minerals (PREM), where both have taken a shine to CASA Mining Ltd a private Mauritian registered company, led by the veteran geologist Michael Foster.
Today's second interview from Gold & Bears is with my pal Mr Carellas from Ortac Resources (OTC), a thoroughly decent guy.
And now it is the turn of my Greek friend Mr Carellas of Ortac Resources (OTC) to present at the Gold & Bears show. Enjoy.
John Meyer of SP Angel this morning comments on Avocet Mining (AVM), Goldplat (GDP), Herencia (HER), Metals Exploration (MTL), Ortac Resources (OTC), Kaz Minerals (KAZ) and Serabi Gold (SRB) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Metals Exlporation (MTL), Ortac Resources (OTC) and Sierra Rutile (SRX) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Ortac Resources (OTC) may not be current flavour of the month with investors, but chief executive officer Vassilios Carellas says the AIM-quoted company is nevertheless poised to negotiate majority control of the Kabala project in north-west Zambia, which he suggests could become a major copper and cobalt mine in the heart of the central African copperbelt. Old estimates implied Kabala could hold more than 150 million tonnes and, though Carellas is somewhat more circumspect, he notes the project is 40 km. ‘on the other side of the dome’ from the Sentinel mine, which produced some 1.2 billion tonnes at 0.5% copper, where the First Quantum group has invested $2 billion, and is in the same area as the major Kanshansi and Lomwana mines.
The second video interview by mining guru Amanda Van Dyke from UK Investor Show is now live. In the hot seat this time is Vasilios Carellas - a good chap - and the CEO of AIM listed Ortac Resources (OTC).
Ortac Resources (OTC) the AIM listed gold and copper mine developer announced today that it had struck a deal with Zamsort, a Zambian based company that holds the 100% rights to the Kalaba project, a large scale copper and cobalt polymetalic asset, located in the heart of Zambia’s proven copper production belt.
Vassilios Carellas, chief executive officer of Ortac Resources (ORC), is not resting on his laurels, after beginning trial underground mining at the company’s 1.32 million-oz. gold in Slovakia’s Kremnicko region, with the first permit issued there for 20 years. The authorities are already considering London-based Ortac’s application for a licence to take the project further, in the hope of producing around 70,000 oz. of gold a year, with cash costs (before capital repayment) of below $600/oz an ounce, against today’s $1,319.8/oz market price. Ortac is launching proposals for a series of employment-creating, environmentally-friendly -- and potentially money-spinning -- developments to calm suspicious local critics.
I happen to think that Ortac (OTC) is a well-run company with some interesting assets but today’s £500,000 placing at 0.25p shows in the starkest of terms why the AIM Cesspit so urgently needs reform to stop the systematic buggering (without the lubrication of profit) of private investors.
Ortac Resources (OTC), the AIM listed developer of the 1.32 million ounce, Šturec gold mine in Slovakia, today announced that it will make significant investments into Andiamo, a private UK registered company, which holds advanced stage, large scale VMS gold-copper exploration projects in Eritrea.
The misery of the junior mining markets has caused pain for many but it also gives an opportunity to those with cash…step forward Ortac Resources (OTC) which has today announced a very interesting little deal which could be a real winner.
Ortac Resources (OTC) has announced the submission of a preliminary environmental report for a proposed application to mine from the existing underground development at its Šturec gold deposit in Slovakia. This follows an application for small-scale surface mining – which is currently going through the environmental consideration process – and their approvals would enable the company to extend the current 30th June 2014 expiration date on its underground and surface mining rights to the Kremnica mining licence area. So what does that mean?
The share price of AIM-listed precious metals exploration and development company Ortac Resources (OTC) has suffered in recent times - as those across its sector have. From January 2011 highs of 2.785p and above 0.6p in January, the shares currently trade at 0.24p, capitalising the company at little more than £5.5 million.
Ortac Resources (OTC), the AIM listed developer of a gold mine in the Slovak Republic is today hosting an analysts jolly and has announced as much via RNS. Is it worth the trip? Is there value there?
The Daily Telegraph reports that shares in AIM listed gold exploration company Ortac Resources (OTC) rose yesterday on the back of bid speculation. Yeah right.
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