OXT - Orexplore Technologies

[System]

Orexplore Technologies Limited is a mineral technology company incorporated in Australia, currently wholly owned by its parent company Swick Mining Services Ltd.

The Orexplore Business services the global mining industry with core scanning and supporting consulting services based on a patented technology that penetrates the drill core sample to collect comprehensive information and create a 3D digital reconstruction of the core. The Company's consulting geologists collaboratively work with customers to advance a suite of Value Propositions that are tailored to each customer and leverage the underlying capabilities of the Current Technology Platform (comprising of the GeoCore X10® product and the Orexplore Insight® software).

Orexplore is currently actively commercialising its business model through a series of laboratory scanning assignments and field-based trials based on its Current Technology Platform.

It is anticipated that OXT will list on the ASX during January 2022.

Orexplore Technologies - Core Sampling & Analysis

Orexplore is focused on delivering revolutionary technology to aid exploration and evaluation, removing guesswork, and providing a relevant information.

www.orexplore.com

 

[Dona Ferentes]

Listing date	21 January 2022 ; 12:00PM AEDT ##
Company contact details	https://www.orexplore.com/ Ph: +61 8 6469 2900
Principal Activities	Mineral technology
GICS industry group	TBA
Issue Price	AUD 0.25
Issue Type	Ordinary Fully Paid Shares
Security code	OXT
Capital to be Raised	$2,500,000
Expected offer close date	22 December 2021
Underwriter	Not underwritten.

 

[frugal.rock]

Started trading Friday midday or so.
They could've picked a better day to list...?
Might pick up a few out of commiseration to holders buying the $0.25 IPO.

 

[Anthony777]

How does it even do that? I mean, open less than the .25c offer?

 

[frugal.rock]

How does it even do that? I mean, open less than the .25c offer?

Just like any other stock.
On open, bids and offers (orders) are balanced. I believe the ASX term is "price discovery phase".
So in this case, sellers were more motivated than buyers.

It looks like the price is stabilised for now though, however it will need a few solid buyers to push it back to the IPO price.

 

[Country Lad]

Just like any other stock.

...... or just like any auction, a bunch of people are bidding for a share and the highest bid wins, only in this case, that highest bid is less than the IPO price.

 

[Anthony777]

So we had investors buying this IPO at 25cents and selling when it imeadiately hit the market down to 15cents.
And this is normal? Interesting.....

 

[frugal.rock]

And this is normal?

Not really, but as said, was a shocker market day to list across the board.
Panic was in the air and this new listing copped the brunt of those that do the IPO chasing thing.
EG; buy IPO, sell on day 1.
I believe over the last year or 2, it's been quite a profitable strategy, for some.

Back to this little duck which gradually seems to be finding its sea legs and undoing the pain for IPO holders.
What are the chances of it returning to IPO price of $0.25 fairly quickly ?

 

[frugal.rock]

Salter Brothers Emerging Companies has increased their
5 million IPO share stake to
6.6 million shares by buying
1.6 million shares on market making them a substantial holder at 6.37% voting power.

Emerging Companies

salterbrothersemergingcompanies.com.au

 

[Dona Ferentes]

Salter Brothers Emerging Companies has increased their stake, making them a substantial holder at 6.37% voting power.

And when that buying stops, then what? A drop over the last week to 11-11.5c

 

[frugal.rock]

And when that buying stops, then what? A drop over the last week to 11-11.5c

Well, I think that buying stopped long ago.
OXT spun off from Swick.
Swick acquired by DDH Drill.
A bit smelly. If the technology was great, I'm sure DDH would've wanted to acquire it with Swick.

Haven't gone any further.
Not sure if it's one of those technologies that will gain traction.

It's not like it can provide an accurate assay like traditional.
Not really sure how a 3d image of a core sample beats eyeballing in person/ or of 2d photos by a geologist... hope I'm wrong for family, friends and true believers sakes.

 

[Dona Ferentes]

Well, I think that buying stopped long ago.
OXT spun off from Swick. ... Swick acquired by DDH Drill.
A bit smelly. If the technology was great, I'm sure DDH would've wanted to acquire it with Swick.

And appearing on @barney 's charts, up 35% today, to 9.9c. So it has been down in the basement since listing.

Today, signed up a client : Orexplore signs Commercial Agreement with OZ Minerals

HIGHLIGHTS
● Circa $2.35m agreement for the scanning and analysis of approximately 30,000m of drill core and samples on-site over an approximate six-month period.
● Advancing orebody knowledge and resource to reserve conversion processes through the field deployment of Orexplore’s Technology Platform.
● Accelerating techno-economic assessments through rapidly connecting field-sensed information to study models and processes.
● Illustrates increasing interest in new forms of advanced analysis, to accelerate the Digital Transformation of projects and operations across the mining industry.

Market cap under $10 million. Company address is a residential street in suburban Perth.

 

[barney]

And appearing on @barney 's charts, up 35% today, to 9.9c. So it has been down in the basement since listing.

Market cap under $10 million. Company address is a residential street in suburban Perth.

Indeed DF ...

There is so much potential "information" on the recent OXT Chart to warrant "questions"

I am not going to suggest I knew what was going to eventuate, but I would certainly suggest that "hindsight" tells a story.

With that in mind; learning to read "hindsight Spec Charts" can be very lucrative

The object of the data presented on the "top risers" Thread is exactly what this rise on OXT is all about "finding"

ie. Why is a Stock getting "any" interest around a recent low/bottom .... especially an "increase in interest"

In Spec-Land, any increase in interest is a reason to "investigate".

 

[Dona Ferentes]

and enough to awaken from its slumber . Up 125 per cent , but well below IPO, still.

.

 

[Dona Ferentes]

and enough to awaken from its slumber . Up 125 per cent , but well below IPO

holding on to the run, after a few stale holders to the opportunity, there could well be others buying, thinking OXL might have a secret sauce?

 

[Dona Ferentes]

holding on to the run, after a few stale holders

and a few more sellers piled out.

...as they do.
.

Net assets at 30 June 2023 were $7.50 million (31 December 2022: $12.21 million). This included cash held of $3.05 million.
.
coffers in need of a boost?

 

[Dona Ferentes]

and a few more sellers piled out.....
.
coffers in need of a boost?

yes , indeed. fill 'er up
.
 

.
.. ? 60 per cent of the raise to go to ...

Product and service development ...2
Operations (site and laboratory) ....0.5

 

[Dona Ferentes]

Back to this little duck which gradually seems to be finding its sea legs and undoing the pain for IPO holders.

Quarter Highlights
● Total revenue for the quarter of $935k (Q3FY23: $885k) with resulting revenue for FY23 of $3.3 million – an increase of $2.1 million or 174% over FY22.
● Continued safe and reliable operation of field based Geocore GX10® units regularly achieving +90% machine utilisation (40+ metres) per unit per shift (12h).
● Rapid development of software-based geotechnical, geometallurgical and geochemical solutions.
● Technology hardware and software capability advances including Machine
Learning (ML) methods, assay proxy and geotechnical advances, gold detection methods, and mineralogy .
● Continued focus on accelerating sales pipeline through converting laboratory projects to larger scale field deployments, and strong engagement with multiple existing and new customers across the three operating regions.
● Successful share placement and underwritten entitlement offer raised approximately $4.1 million with final allotment completed and capital inflows of $3.4 million received in Q4FY23.
● Cash balance as at 31 December 2023 of $3.06 million – the Company has no debt and continues to focus on financial discipline.

What are the chances of it returning to IPO price of $0.25 fairly quickly ?

or?

since listing:

 

[Dona Ferentes]

.
coffers in need of a boost?

coffin in need of a lid ?

The trading halt is requested pending the release of an announcement by the Company regarding a strategic and financial review of the Company.

.
NH

 

[Dona Ferentes]

coffin in need of a lid ?

trading halt requested pending release ...

when you're a coffin, everything looks like a nail.