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Experts Commenting on This Company
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Orbite Aluminae Inc.TICKER: ORT:TSX; EORBF:OTXQXOrbite Aluminae Inc. is in the pre-commercialization phase of an innovative and clean technology that aims to become the new standard in alumina production due to its low processing costs and lack of toxic red mud residues linked to traditional processes. Its patented and innovative continuous-acid-leaching process allows for the extraction of smelter-grade alumina, high-purity alumina, rare metals (scandium and gallium) and rare earths from a variety of sources such as aluminous clay, bauxite, kaolin and other aluminum-containing ores. Orbite owns the mining rights to a 600 sq km deposit of homogeneous aluminous clay in Grande-Vallée, Québec, Canada. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
Luisa Moreno, Euro Pacific Capital (5/7/13) "Glenn Kelly joins Orbite Aluminae Inc. in the newly appointed position of Executive Vice- President and Chief Operating Officer. . .Orbite has appointed TMX Equicom as its sole external IR and media consultant, eliminating the previous four IR firms that were representing the firm. . .we believe these events signal management's determination to make necessary changes to improve the company's operations and communications. Orbite's technology has various potential applications and the company expects to produce a number of byproducts. The creation of the new board Executive Committee should help the executive officers manage the multiple business opportunities, while keeping them focused on production. We anticipate improvements in communication with the centralized IR services from TMX Equicom. Furthermore, the newly formed Disclosure Committee should ensure that going forward, Orbite will comply with the most standard disclosure procedures to better inform shareholders, offering better clarity on the company's plans and progress. We maintain our Speculative Buy recommendation."
The Metals Report Interview with Luisa Moreno (4/30/13) "Orbite Aluminae Inc. is developing an alumina project that it expects to have byproduct rare earths. In its first plant, the production of rare earths, gallium and scandium will be only a few tonnes. It will be a small source of rare earths. . .currently, Orbite is building a plant for high-purity alumina; that is the focus. The capacity is at about 5 tons per day. It could potentially work as a demonstration plant for the larger smelter-grade alumina plant. . .management is very confident in the project and indicated that it should reach commercial production by Q1/14. I think many agree that the technical viability of the project is there. It just has to ultimately prove that it's also economically viable. The process could be adapted to recover alumina and rare earths from red mud, and Orbite has an agreement with Veolia Environmental Services for that purpose. The production of rare earths from multiple red mud remediation plants could become important source of rare earths and other rare metals." More >
Luisa Moreno, Euro Pacific Capital (4/2/13) "Orbite Aluminae Inc. is trading at a new 52-week low, and we believe this is a great entry point for investors with a long-term horizon. We maintain our Speculative Buy recommendation."
Matt Gowing, Mackie Research Capital (4/1/13) "Some encouraging signs are apparent for sapphire and high-purity alumina demand and pricing, and due to the cost advantage inherent in Orbite Aluminae Inc.'s alumina production process, the company may take market share as other producers struggle to continue operating. We are encouraged by Orbite's recent progress with respect to commissioning, and continue to believe the company will deliver value to long-term investors."
Matt Gowing, Mackie Research Capital (4/1/13) "We are encouraged by Orbite Aluminae Inc.'s recent progress with respect to commissioning, and continue to believe the company will deliver value to long-term investors. . .Orbite remains a favorite name in our coverage universe, and we are becoming increasingly of the view that 2013 will be a breakout year for its share price."
