NVO - Nvoi Limited - Aussie Stock Forums

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  1. #1

    Post NVO - Nvoi Limited

    Orrex Resources Ltd (ORX) is an Australian resources company with two large gold exploration projects in Western Australia; the Golden Mile South Project and the Barlee Project.


  2. #2
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Default Re: ORX - Orrex Resources

    MC - $1m
    Current SP - 4c
    Shares - 36m
    Options - 20m
    Cash - $2m


    • Orrex has completed drilling of a deep diamond hole at its Golden Mile South Project.
    • The drill hole was designed to test for extensions of the “Golden Mile” of Kalgoorlie and to provide
    stratigraphic information to assist with further exploration.
    • Initial interpretation including magnetic survey results will be available by mid July.
    • Final results are anticipated by mid August.


    • Management continues focus on acquisition of additional projects.
    • Extension of the Youanmi Greenstone Belt confirmed along with anomalous gold on a mafic-granite contact.
    • Interim results from deep diamond hole at Golden Mile South.
    • First instalment of DMP funding received.

    New projects:
    Management has continued to focus on acquiring additional projects for the Company. We have looked at numerous projects and are only pursuing those projects which we believe will add value to Orrex. We are primarily focussed on Australia and Africa with applications and tenders made for a number of prospects in southern Africa. These were based on project generative analysis, historical data research and strong in-continent contacts. With over $2m in cash, we are well positioned in this market. Updates on our progress will be provided if/when tenure is secured.

    I like the sound of this, aggressive, drill program underway, potential acquisitions.
    Sticking it in Low Cap Thread.
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  3. #3

    Default Re: NVO - Nvoi Limited

    On July 1st, 2016, Orrex Resources Limited (ORX) changed its name and ASX code to Nvoi Limited (NVO).

  4. #4
    The Contrarian Averager So_Cynical's Avatar
    Join Date
    Aug 2007
    Sydney - Muntinlupa

    Default Re: NVO - Nvoi Limited

    Quote Originally Posted by investor presentation
    Nvoi is a complete Workforce-as-a-Service solution for businesses.

    Having trouble getting my head around that....an app based agency? perhaps more like an Uber agency that middle mans between employers and employees via an app.
    Statistics: 172 Closed Trades since July 07, Trades: Winners 135 - Losers 37, Expectancy/$1 Risked: $0.78

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