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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 ORTNEWBIEon May 19, 2016 1:12pm
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Post# 24889068

RE:RE:RE:RE:Got in today

RE:RE:RE:RE:Got in todayIt was only a couple of months ago that Orbite assured investos that they had more than enough money to complete the plant and go into production.Then came a very suprising 12 million dollar placement that brought the SP way down screwing many new and old invesors and on top of that weeks later an emergency 15 million dollar raising of funds because of an unexpect shortfall that the CEO knew nothing about. The IQ money may be enough to finish the plant  if there are no more surprises, no more delays and  the entire commissioning succeeds. But they will have to raise millions more once production begins until they secure over months enough customers  bringing in what we hope will be sufficient profit revenues. Judging from Orbite's track record do a lot of praying.
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