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springhill

Make the drill work for YOU
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Re: ORX - Orrex Resources

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


ORREX COMPLETES DEEP HOLE AT GOLDEN MILE SOUTH



• 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.

COMPANY UPDATE


• 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.
 

System

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On July 1st, 2016, Orrex Resources Limited (ORX) changed its name and ASX code to Nvoi Limited (NVO).
 
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Similar price action to the chart of MGL. BIG volume spike with a narrow range up bar. Looks like absorption volume.

NVO.JPG
 
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Similar price action to the chart of MGL. BIG volume spike with a narrow range up bar. Looks like absorption volume.

View attachment 88668

We should have listened to you on this one Cam …. Shown up twice in the Risers thread including today again ....

Currently up about 60% since your above post:eek:
NVO 8 Aug 2018.jpg
 

greggles

I'll be back!
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Board and management changes at NVO announced today have seen its share price jump 80% to 0.9c. It reached an intraday high of 1.1c earlier in the day.

ASX RELEASE
Nvoi Limited
30 April 2019

Board and Management Changes

Nvoi Limited (ASX:NVO) (Nvoi or Company) is pleased to advise changes to its Board of Directors and management team following the resignations of Executive Director and CEO, Jennifer Maritz and CFO and Company Secretary, Michael Bermeister on 29 April 2019.

Mr Andrew Bursill has been appointed as a Non-Executive Director, CFO and Company Secretary, effective 29 April 2019.

Andrew is a governance specialist and a Fellow of the Governance Institute in Australia.

Andrew commenced his career as an outsourced Company Secretary in 1998 and since then has been Company Secretary and/or Director for numerous ASX listed, unlisted public and private companies, in a range of industries covering mineral exploration, oil and gas exploration, biotechnology, technology, medical devices, retail, venture capital and wine manufacture and distribution.

Using this experience, Andrew has worked closely with the Automic Group technology team to develop and launch CoSecPRO, a platform purpose built for Company Secretaries, automating and centralising company secretarial workflows. The Automic Group also provides bookkeeping, accounting and related services and will provide these to the Company at standard commercial rates.

As part of these changes, Mr John Winters will as from today move into the role of Interim Chief Executive Officer and lead a review of the Nvoi platform and the Company's operations and opportunities. John will be paid an annual salary of $120,000 (plus statutory superannuation). The role and contract may be terminated by either party on one month’s prior written notice. The appointment is otherwise on customary terms for a role of that nature.

Nvoi would like to thank Jennifer Maritz and Michael Bermeister for their contributions to the Company.

Interesting.
 

System

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On November 17th, 2020, Nvoi Ltd (NVO) changed its name and ASX code to Applyflow Limited (AFW).
 

Dona Ferentes

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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.
market probably had trouble, too.
Nvoi is a global provider of leading HR technology products that support and empower recruitment agencies and hiring teams.
Our vision was to transform recruiting in Australia and across the globe by harnessing the power of technology so that businesses can focus on their own innovation and growth

So, another incarnation, or change of direction? Meanwhile, a hiatus.
 
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