Ortac Resources shakes mining market
Ortac Resources shares soared as investors turned their eyes on the potential of gold production in Solvakia.
Ortac Resources shares soared as investors turned their eyes on the potential of gold production in Solvakia.
The AIM-listed gold explorer lifted 22.82% to a mid of 0.635p, showing a trend of major gold companies, according to broker Seymour Pierce.
Traders are expecting good results from the 1.3m ounce turec Gold Deposit in Slovakia where the results of the pre-feasibility are due this quarter.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company will thereafter begin work on an environmental and social impact assessment which will enable a definitive feasibility study.
Last month the firm unveiled interim results, reporting a loss of £0.79m and a cash position of £6.7m as of September 30th.
RD
-
Coventry Building Society bids £780m for Co-operative Bank - what could it mean for customers?
Coventry Building Society has put in an offer of £780 million to buy Co-operative Bank. When will the potential deal happen and what could it mean for customers?
By Vaishali Varu Published
-
Review: Three magnificent Beachcomber resorts in Mauritius
MoneyWeek Travel Ruth Emery explores the Indian Ocean island from Beachcomber resorts Shandrani, Trou aux Biches and Paradis
By Ruth Emery Published