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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 Soulinvestoron Mar 07, 2016 8:34am
318 Views
Post# 24628908

RE:Orbite presents update

RE:Orbite presents updateIt looks very much like Orbite will begin commercial production before the end of this first quarter. Glenn Kelly would have taken on the challenge of redesigning and completely rebuilding the HPA plant that dramatically emploded during RB's tenure of selling a fantasy business plan wchich cost many investors over night a fortune of money. Kelly had to convince the market, the govt, financial institutions and investors to pump in millions upon millions of additional funding dollars to completely remake and revamp the HPA plant during a time that many companies in the venture market could not raise any money and at a time when Orbite's reputation was in total tatters. Kelly even secured 12 million dollars without dilution. With respect to guidelines, Glenn Kelly did not have a module anywhere in the world to compare and secure guidance because Orbite's process was unique and disruptive. Therefore he was handicapped somewhat with the timeline. I for one recognize the mission impossible that dropped like a bomb in his lap and am very greatful that it would seem that Orbite is about to turn the corner and become a revenue earning company that has the potential to use its patents to tackle the multi billion dollar business of cleaning up toxic red mud fly ash etc and change the way SGA is produced, going from the bauxite process to Orbite's environmentally clean and less expensive technology. I am looking forward to Orbite regaining its credibility and attract institutional investors along with JV partners. GLTA
Bullboard Posts