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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
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Comment by trafmanon Mar 29, 2013 11:20am
278 Views
Post# 21185244

RE: RE: RE: RE: RE: MDA - pg 6 revised timeline

RE: RE: RE: RE: RE: MDA - pg 6 revised timeline

Nakate,

Full disclosure, I purchased 2000 shares at $2. Sold all at $2.59 when the announcement of first production did nothing to the share price. Since then I purchased 2000 shares at $1.57. I still hold these and will add more when the stock drops to $1.20 - 1.30. The company pushed out the date for the feasability study because they do not have the funds to complete it. I believe the share price will continue to fall until either the funding issue  is resolved or having Rusal signed on. Hopefully getting Rusal on board prior to raising funds.

I am not happy with the share price but I believe this is an outstanding buying opportunity for the long run.

GLTA, even cutthebsbud

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