A Look At Nvoi And Orminex - NVO, ONX

  • May 23, 2019 AEST
  • Team Kalkine
A Look At Nvoi And Orminex - NVO, ONX

Nvoi Ltd

Nvoi ltd (ASX: NVO) is an open market workforce-as-a-service platform that directly connects employers and skilled professionals, providing instant engagement and removing the friction points in contract workforce management in Australia.

It offers its services under three key segments as follows:

Source: Company’s Website

With a market capitalisation of AUD 13.47 million with ~ 1.04 billion outstanding shares, the NVO stock price settled the market trading session, today (23 May 2019) at AUD 0.016, zooming up 23.077% by AUD 0.003 with ~ 21.85 million shares traded.

In addition, the NVO stock has generated an outstanding positive YTD return of 203.33%.

The company recently reverted to a price query lodged on 3 May 2019 by ASX regarding the change in the price of NVO’s securities from a low of AUD 0.005 on 29 April 2019 to a high of AUD 0.022 on 3 May 2019 accompanied by a rise in the volume of traded securities. As per Nvoi, the sudden surge may be attributed to the general market sentiments.

Also, on 30 April 2019, Nvoi announced certain changes to its Board of Directors and management team whereby Mr Andrew Bursill has been appointed as a Non-Executive Director, CFO and Company Secretary. Also, Mr John Winters would move into the role of Interim CEO and lead a review of the Nvoi platform and the Company’ operations and opportunities

In the quarter ended 31 March 2019, the company undertook a placement of ordinary shares to professional and sophisticated investors to raise ~ $ 352,708 before costs. Subsequently, in April 2019, Nvoi closed an underwritten non-renounceable entitlement issue of shares to shareholders on 1:1 basis at $ 0.003 per share, raising $ 1,553,000 before costs.

Orminex Ltd

Orminex (ASX: ONX) primarily operates as a natural resources company engaged in exploring for, acquiring, and developing mining projects. The company’s strategic alliance partner, GBF Mining Pty Ltd, supervises the operational management of its projects.

With a market capitalisation of AUD 56.61 million and ~ 539.1 million outstanding shares, the ONX stock price settled today’s trading (23 May 2019) at AUD 0.110, edging up 4.76% by AUD 0.005 with ~ 304,635 shares traded.

Recently on 7 May 2019, Orminex informed the market that the final detailed documents to acquire 100% of the Penny’s Find Gold Mine from Empire Resources Ltd (ASX: ERL) had been completed.

Source: Company’s announcement (7th May 2019)

Through the purchase, the company has gained 100% ownership of the Mining Tenements M27/156 and G27/01, L27/90 L27/91, L27/92 and L27/93. Moreover, the existing infrastructure and equipment present at the site were also included in the purchase.

As per the terms agreed between Orminex and Empire Resources, a cash payment of AUD600,000 was extended. Besides, the agreement also specifies 5% net smelter royalty to be paid on the production of first 50k ounces from M27/156 and thereafter, a 2.5 % net smelter royalty for the entire life of mine.

Penny’s Find is strategically located 50 km northeast of Kalgoorlie in Western Australia and host 50,000 ounces of high-grade gold.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK