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Orbite Technologies Inc EORBF

Metals & Mining Aluminum Industrial Metals & Minerals
Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Orbite Technologies Inc
Bullboard Posts
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Post by Novyjon Mar 29, 2012 4:20pm
645 Views
Post# 19735482

Analyst comments

Analyst comments

I find this comment from Luisa Moreno on siliconinvestor forum.

General Company Note:

· Orbite Aluminae Inc. (TSX:ORT; Halted), Speculative Buy (unchanged), one-year price target $11.20 (unchanged)

Event: Orbite announced that it entered into a non-binding Memorandum of Understanding with UC Rusal, the world’s largest aluminium producer, to form a joint-venture for the development of the first Orbite process plant for the production of smelter-grade alumina in Quebec. (Click HERE for the full report)

Our Take:This MOU is a significant validation of the potential of the Orbite process.We maintain our Speculative Buy recommendation and target price of $11.20, but we will be revising our 12-month price target once the MOU is finalized and the AMF situation is resolved.

Analyst: Luisa Moreno, lmoreno@jacobsecurities.com, +1 (416) 866-8380

Bullboard Posts
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