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Orbite Technologies Inc EORBF

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

Bullboard Posts
Comment by antoninuson Jun 14, 2013 10:01am
143 Views
Post# 21524819

RE: Where to now?

RE: Where to now?

I never thought hpa was the company maker...i believe it was an honest diversion of sorts, and it then became the focus when really, it should have all along been sga....I understand the desire to use hpa to generate revenues to fund its part of sga, but, when the original hpa plan morphed into this whole bigger bigger bigger thing, adding lines, adding sophistication, adding throughut, adding cost, i think they lost the focus...which should have been, just prove the tech works, prove your engineers are great, and even at 1 ton per day, find some smaller clients, generate some decent revenues, make enough to fund the bfs and get rusal signed with some big dollar committment, and then start to build sga...once that was being done, institutional investors would have flocked to the company, and an hpa 2 could have been built with higher tonnage and sophistication. I understand orts thinking however, but i dont think enough healthy skepticism went into the plans...you know, like ok, what could go wrong, what if the markets for hpa dont rebound quickly, what if we have startup delays and we need more cash? all of these things were in my estimation, maybe overlooked out of a sense of arrogance...as if they could do no wrong... would rusal have signed if hpa was built smaller and simpler? I think they would have....seems to me orbite got ahead of itself with visions of grandeur, and if what some say is right and ort didnt like rusals offer, then that too shows me the same pattern of arrogance and overconfidence with not enough what if scenarios built in....along the way too, one has to at least consider the effect of booting out sms and saying no to rusal....its not like people like that take those things lying down....for every action there is an equal and opposite reaction...i think the new board guys, the new coo, the new associate coo, all of this will be ironed out, financing wil get done, easier than most think, and ort will move forward at least with sga and rmr....where hpa fits in if it ever does, is questionable...i cant say it will work until it actually works...and there are smart people on both sides of that argument, scientifically speaking...im looking at you sms and cmi.....who is right? we wont know until we know...is there politics at hand? you bet....and a lot of it...are the stakes enormous for whoever masters hcl? yes.

Bullboard Posts