http://www.ortacresources.com/


The Companys strategy is to utilise Ortacs highly experienced board and management team, together with its solid foothold in the Central European region, to consolidate additional exploration and development opportunities in the precious metal sector.
Having already acquired the necessary capital, the Company plans to update the resource, complete a scoping study and preliminary environmental and social impact assessments, and bring into production its initial asset, the Kremnica Gold Project in Slovakia.
The Company has identified several regional consolidation opportunities at various stages of development which are currently being evaluated to significantly increase Ortacs resource inventory and maximise shareholder value. Third party companies with advanced staged projects in the region which can be fast-tracked to achieve near term production are also being actively sought and evaluated.

just hope that these boys are not on par with the miners in the program Goldrush!!! These starry eyed clowns are worth watching as they pour their own and others money into gold mining for the elusive mother lode!! Hmmm!! sound familiar???

Ortac Resources Ltd. announces its results for the year ended 31 March 2011.

Highlights
Placing in February 2011 raised 8,421,053 before expenses - strong current cash position of 9.6 million

Focussed towards natural resource development in Europe

Initial operations in Slovakia on mining licence and nine exploration licence areas, totalling approximately 200 sq km in the highly prospective Carpathian Mountain Belt

Major focus on revitalising the historic Sturec gold and silver open pit, part of the historic Kremnica Deposit, located in the Central Slovakian Volcanic Field

o Total gold equivalent JORC resource equivalent increased by more than 40% to 1.1 million ounce gold at a 0.75 g/t cut-off

o JORC Resource currently only calculated along 1.1km of the 6.5km known strike length, which understood to be open in both directions and at depth

o 5,000m diamond drill programme underway with encouraging first results

o Scoping Study examining the existing Sturec resource on track to be completed in H2 2011

Evaluating potential of other licences in Eastern Slovakia at various stages of development

Defined strategy to expand via targeted acquisitions and strategic partnerships across Europe

Post year end
Board restructured to drive the Kremnica Gold Project through the Scoping and Feasibility Study stages towards production - appointment of CFO and Group Mining Engineer

Other interests include the Rio Paranaiba iron ore project in Brazil which, as announced on 7 April 2011, is undergoing a restructuring. The Company also retains a holding of 500,000 shares in Vatukoula Gold Mines Plc with a current market value of approximately 450,000

Ortac CEO Vassilios Carellas said, "This has been a transformational year for Ortac having completed the reverse takeover of Ortac Resources plc in September 2010 and the oversubscribed placing in February 2011. The Company is now in a stronger position to enhance shareholder and stakeholder value."

Talk is cheap lets now see some action.

beebusy what other action would you like to see?, besides the obvious rise in the shares!!..

They have money in the bank they should be throwing some of it into the scoping to speed up the process. Release regular bulletins so share holders are not floundering around in the dark with the sunsequent loss of confidence this brings about. I believe in this company and have been in from the start but their share performance has been woeful . I want what every other punter out there wants, a decent return on my money.

OTC are at this time doing the scoping with results due in 2H, look at the RNS's release dates, i think they'r getting more regular as and when they've news to report, as to share price performance the markets in general have been dire, hopefully they'l start turning soon??...

a bit of dynamite!!! LOL

http://www.youtube.com/watch?v=L5YUCygMBiE

just come out of hospital and switched on my beloved machine, Hmmm! Hmmm! for get the losses look at the oportunities!! Just bought in another lot. The whole market has some great chances to aquire stock at knock down prices.

mini bounce first bit of good news in weeks.

more to come
fantstic trading
gl

still plodding up today,I suppose we can expect some profit taking.

buy on weakness imo

conservative estimate 'The Board is confident that Kremnica has the potential to achieve a 2Moz equivalent resource through additional exploratory drilling, with the existing resource at Kremnica only calculated along 1.1km of the 6.5km known strike length which is open in both directions and at depth. '

Valuation
Our analysis shows that Europes gold exploration companies are trading on a
weighted average EV/'oz gold equivalent resource of US$72/oz. In contrast Ortac is
trading on just US$18.6/oz, a 74% discount. Applying the group average to Kremnicas
current gold equivalent resource, values the project at US$79.6m or 2.2p/share. The
companys current 10.3m cash position and shareholding in AIM-listed Vatukoula
Goldmines add a further 0.5p/share. giving a sum of parts value of 2.7p/share which
we round up to 3p as a target.

3p very conservative imo

rest of report

http://www.ortacresources.com/documents/SeymourPierceNewsflash28.06.11_000.pdf

Key to material interests
1 The analyst has a personal holding of the securities issued by the company, or of derivatives
related to such securities.2 Seymour Pierce Limited or an affiliate owns more than 5% of the issued share capital of the
company.3 Seymour Pierce Limited or an affiliate is party to an agreement with the company relating to the
provision of investment banking services, or has been party to such an agreement within the past
12 months. Our corporate broking agreements include a provision that we will prepare and publish
research at such times as we consider appropriate.
4 Seymour Pierce or an affiliate has been lead manager or co-lead manager of a publicly disclosed
offer of securities for the company within the past 12 months.
5 Seymour Pierce is a market maker or liquidity provider in the securities issued by the company.6 Seymour Pierce is party to an agreement with the company relating to the production of research
recommendations.

a few months ago but worth keeping in mind......house broker.....

Comment 14 June 2011
Ortac Resources PLC (OTC.L)# 1.13p (1.11p‐1.15p)
Buy: 12mth Price Target: 3.39p Market Cap:26m
New Geophysical Survey Work
Ortac Resources has this morning announced the start of ground based geophysical survey work on its
Lutila exploration licence in Slovakia. Lutila (63 sq km) lies immediately to the south of the main
Kremnica gold project area (11.8 sq km), where the Group has already defined a resource of 1.1m
ounces of gold equivalent. The results of the work will assist in identifying future drill targets and
establish the potential for Lutila to host similar gold mineralisation to the Kremnica discovery. The
management objective is to move the Groups resource base beyond 2m ounces of gold.
The stock has drifted over the last few months, but could soon rebound given the near term potential
newsflow opportunities ahead such as scoping study results, drilling data and resource upgrade. The
Group remains cash rich (est 10m) with a high quality asset that is near to production and yet the
market is essentially valuing the stock at only $23 per ounce, once cash and investments are deducted
from the market cap. Against the background of a consistently high gold price that continues to trend
upwards, we believe this figure is simply too low. We therefore continue to recommend Ortac
Resources as a BUY with a price target of 3.39p as detailed in our 17 February 2011 research note.
# Optiva Securities act as joint broker to Ortac Resources
Jason Robertson | Analyst/Corporate Broker
D: +44 (0)20 3137 1906 | M: +44 (0)7751

somebody should try telling all this to the share holders!! the s.p does not reflect any of the above just a bad case of the jitters. selling less than 100,000 at 1p?? where is the sense or gain in that??

agreed bb there is no sense to sell at those levels - i am guessing peeps panicing - can not afford to hold any longer and maybe dipped out for quick wins at the likes of pxs then buy back here hoping the price hasnt shot up in the meantime - also usual at's triggered by the mms as usual etc
amzingly we are yet to have a bad rns yet otc barely moves north
it will happen - has to esp. with gold going up and up
gl

extract from the chairman's speech today:

'"Looking ahead, we anticipate a steady flow of news over the coming months, reporting on new results generated from the Kremnica exploration programme and outlining defined plans at our other prospects. I am confident that the Company, with its healthy cash balance, can deliver real value to shareholders and look forward to keeping the market up to speed on our progress."'

glad i am in now and not after these news releases - hope others are too
gla

'

I am looking on this holding to lift my slough of despond. It is without doubt probably the best of the bunch. My grand plan is to get out and sling this computer in the bin and then holding my I-Phone aloft keep going South through France until a local enquires " What is that thing that you are holding?" I will then lob it in the nearest river and settle down. Ha! What dreams!! In the mean time these grandiose schemes will mount to nought unless this bunch starts heading North.

lol bb - i agree this is best of the bunch - your dreams will happen but dare i say that dreaded word - patience - personally looking fwd to the upgrade which should not be that far away - but we are holding steady and with good reason and dont forget the over subscribed placing - we have cash and very good prospects - you maybe at the sof sooner than you think

gl