According
to Orbite Aluminae Inc. (ORT) they are a Canadian company whose innovative and
proprietary processes can produce alumina and other high-value by-products,
such as rare earth and rare metal oxides, at one of the lowest costs in the
industry, without generating any wastes, using feedstocks that include
aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash.
According
to Alice Tsang , Portfolio Manager, Marquest Asset Management and I quote ”Very
exciting that they have commenced production. Watching the stock very closely
but would want to see if they can have offtake contracts or some kind of
marketing agreement put together. Stock has acted very well on the
announcements. If it breaks out from these levels, it will probably be based on
some very positive catalysts, and the stock will be a Buy.”
According
to the technicals – investors have been fleeing the stock for over a year in
spite of all the bullish press releases. On a daily chart the money flow
numbers are plunging – so don’t even think of bottom fishing.
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