Posted by Macgyver11 > 2020-05-25 23:45 | Report Abuse

MOU for 6 month only then back to drawing board again whether Orion want continue with this project or not. It's all depend on prosperity....can find gold or not. Temporary the price might spike up. Investors not dumbo throws millions of cash for uncertain project. I'm too hope Orion can fly bcoz my shares in there but you must talk realistic too.

Posted by spactator > 2020-05-26 08:01 | Report Abuse

Google: mineral deposit value. How to calculate the potential value of a mining ⛏ project.

Posted by LMN9997 > 2020-05-26 12:17 | Report Abuse

Still long way to go. So many process. Look at Bahvest. Already mining since 2018 and making money d

Posted by thesteward > 2020-05-26 22:54 | Report Abuse

https://m.malaysiastock.biz/Company-Announcement.aspx?id=1229099

Posted by EagleEye > 2020-05-27 09:37 | Report Abuse

slight movement, hope to gain momentum soon

Posted by BlackWhite > 2020-05-27 09:47 | Report Abuse

Mou only not contract

Posted by spactator > 2020-05-27 11:54 | Report Abuse

Market is very cautious. I think they need shareholders approval for the formal agreement.

Posted by BlackWhite > 2020-05-27 16:29 | Report Abuse

Mining thing need high upfront PR cost

Posted by Orson Chin > 2020-05-27 16:33 | Report Abuse

Magichand said big profit for coming QR.... I still waiting the result

Posted by damansaraeagle > 2020-05-27 17:02 | Report Abuse

By right that March 2020 announced already

Posted by MagicHand > 2020-05-27 17:34 | Report Abuse

Aiya, many thing done la.. Just matter of when to start.
Fat pork 0.7 bil u think they play play meh

Posted by MagicHand > 2020-05-27 17:34 | Report Abuse

If u buy later the price already when up..
Invest need early when price still low

Posted by Orson Chin > 2020-05-27 17:50 | Report Abuse

Where is the 0.7b from???

Posted by Macgyver11 > 2020-05-27 21:29 | Report Abuse

Under ground...hahaha

Posted by OrionIXL > 2020-05-27 22:58 | Report Abuse

Hoho finally

Posted by damansaraeagle > 2020-05-28 08:10 | Report Abuse

you can already see the trend ,..... drop to 3 sen and now 6 1/2 sen.

Posted by spactator > 2020-05-28 08:29 | Report Abuse

Revising my medium and long term target to 50sen.

Posted by MagicHand > 2020-05-28 08:48 | Report Abuse

Enrich is an experience Co in mining..
Give u an example, Sunway also start from mining now become empire

Posted by Macgyver11 > 2020-05-28 10:12 | Report Abuse

Check out EAH . It is software company also with 121million order from income tax..looks promising and volume increasing...top 30 bursa right from zero. EAH also owned Sunland (Sunland famous for olive oil and pasta dealer around Malaysia supermarkets). MCO give them good turn over from Sunland. Orion take times to recover, it will but not now until they fully commence the project and see the figure.

Posted by damansaraeagle > 2020-05-28 16:10 | Report Abuse

at a sudden 16m buying queue …………….. guys follow closely

Posted by Macgyver11 > 2020-05-29 13:20 | Report Abuse

One day show only..

Posted by Orson Chin > 2020-05-29 18:41 | Report Abuse

Shit lo....
QR no come out

Posted by EagleEye > 2020-05-29 19:06 | Report Abuse

wait wait wait....
waiting for u....

Posted by Serenevalley > 2020-05-30 06:55 | Report Abuse

Wait what for? Go buy Rubber

Posted by spactator > 2020-05-31 22:51 | Report Abuse

Any coverage in the Edge on this counter.

Posted by damansaraeagle > 2020-06-01 08:28 | Report Abuse

no lah I do not think so such coverage for a Fintech company suddenly goes to mining of gold

Posted by MagicHand > 2020-06-01 13:18 | Report Abuse

Everything is planned.. That why I also bought a lot..

Posted by Serenevalley > 2020-06-01 23:26 | Report Abuse

Subject Memorandum of Understanding between Orion IXL Berhad ("Orion") and Enrich Mining Sdn Bhd ("Enrich")("MOU")
Description
Orion IXL Berhad - Reply to Query from Bursa Malaysia Securities Berhad dated 29 May 2020.
Query Letter Contents
We refer to your Company’s announcement dated 22 May 2020, in respect of the aforesaid matter.



In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

Enrich’s date of incorporation, principal activities and date of commencement of operations.
The names of directors and major shareholders of Enrich, and their respective shareholdings therein.
To name the authorities/parties from whom approvals/licenses are required to be obtained, expected date of submission to these authorities/parties, and expected timeframe for obtaining such approvals/licenses.
To breakdown the amount of cash and number of securities to be issued in satisfaction of the amount to be paid to Enrich, the issue price of the securities, basis for the issue price.
In respect of the cash portion of the consideration, the terms of payment, Orion's sources of funding, and the breakdown.
To state the type of securities in Orion to be issued in satisfaction of the total amount to be paid to Enrich.
The basis of arriving at the consideration of RM130 million to be paid to Enrich, other than on a “willing buyer willing seller basis”.


Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Posted by spactator > 2020-06-02 05:21 | Report Abuse

Today is the formal announcement as requested by Bursa.

Posted by damansaraeagle > 2020-06-03 17:52 | Report Abuse

Reference is made to the announcement of the Company made on 22 May 2020 (“Announcement”)
and the Bursa Malaysia Securities Berhad’s (“Bursa Securities”) Query Letter dated 29 May 2020 in
relation to the subject matter (“Bursa Query”). Unless otherwise stated, the terms used throughout this
announcement shall have the same meanings as defined in the Announcement.
The Company wishes to furnish additional information as per Bursa Query for public release:-
1. Enrich’s date of incorporation, principal activities and date of commencement of
operations.
Enrich was incorporated on 26 February 2020. Enrich is involved in the business of
prospecting, exploring, joint ventures, operating and trading of all types of minerals. It
commenced operations in March 2020.
2. The names of directors and major shareholders of Enrich, and their respective
shareholdings therein.
The directors and shareholders of Enrich are Chan Yok Peng and Wan Kamaruddin Bin Dato
Biji Sura @ Wan Abdullah. The shareholders of Enrich are:
No. of Shares %
Chan Yok Peng 500 50.0
Tekad Mulia Sdn Bhd 300 30.0
Wan Kamaruddin Bin Dato Biji Sura
@ Wan Abdullah
200 20.0
3. To name the authorities/parties from whom approvals/licenses are required to be
obtained, expected date of submission to these authorities/parties, and expected
timeframe for obtaining such approvals/licenses.
The approvals/ licenses required for the implementation of the Proposals will include,
amongst others, (i) mining lease from Pejabat Pengarah Tanah dan Galian Negeri Kelantan
for Gossan Hill area, Kelantan, (ii) environmental impact assessment approved by Jabatan
Alam Sekitar Negeri Kelantan. The Company will appoint the relevant advisers to conduct
the legal due diligence, feasibility study, geological study and other relevant expertise studies
on the Proposal, all approvals required together with details of compliance for the
implementation of the Proposal will be set out in an announcement upon the execution of the
definitive agreement for the Proposal.

Posted by Flyinghorse > 2020-06-03 22:16 | Report Abuse

Less than 3 months old company.

Posted by spactator > 2020-06-04 13:48 | Report Abuse

Some of the directors used to be in Sumatec.

Posted by Serenevalley > 2020-06-04 18:51 | Report Abuse

Hmmph

Posted by Kopimilo > 2020-06-05 10:38 | Report Abuse

Diversivication not really bad option for going forward to cart out more revenues, in the long term, hence profit. As per requested by bursa on details of everything is to assure that Orion step in the right direction based on good, factual decision, so the interest of Orion stakeholders, investors as well, won't be destroyed if the step taken turns bad later on. Be aware that there is so many conmen ready to slay the innocent guy, as per 1MDB case of anticipated Mongolia coal mining prospect. Good Luck Orion.

Posted by Kopimilo > 2020-06-05 17:05 | Report Abuse

Orion just completed pp after long overdue for a year within which multiple times of extended period and offered prices. It was a very painful journey for Orion to gain such precious fund, and expending it in hurry manner, less prundently, to enggage 3 months old mining entity yet to have solid track record is least tactfull. How to assure that volumes of deposit of gold mineral is viable and sustainable for at least next 10 years against the cost to bear on everything, environment, yet to be acquired fully operated mining equipment, etc. In Oil & Gas full development of such oil fields should be substantiated with most reliable data survey on crude oil and/or gas reserves before the go ahead be approved. The Kelantan government as the owner of the land has to assure in the first place of the viability of data on gold reserves before releasing the land for another party to develop with the full mining activities. It is not wise for Orion to engage on the prospected land like receiving a blackbox and had to expend such an effort to ascertained the content in the box.

Posted by spactator > 2020-06-05 18:29 | Report Abuse

The key information, following the acquisition, what is the NTA of Orion. At least, we have an empirical target, instead of speculative potential market trading.

Posted by Macgyver11 > 2020-06-09 20:25 | Report Abuse

Apa sudah jadi..mining tak ada gold kah. Back to square one adohai!!

Posted by Kopimilo > 2020-06-09 20:46 | Report Abuse

https://www.marketviews.com/latam/now-is-a-great-time-to-invest-in-latin-american-mining/?utm_source=dianomi&utm_campaign=auto_ads

If seriously venturing in mining, there is bullet proof haven to indulge into, equipt self with indepth local laws and regulations, hidden, underlay critical problems too.

Posted by damansaraeagle > 2020-06-10 11:31 | Report Abuse

maybe not or maybe yes they capable. We only look at the Ex- Sumatec presence

Posted by Kopimilo > 2020-06-10 17:26 | Report Abuse

Exploring political tunnel, just betting on luck or else eat the dust.

Posted by Orson Chin > 2020-06-11 22:33 | Report Abuse

Same story as sumatec ?
Give project —-> goreng the company —-> ask for fund—-> in the end nth outcome, all money gone

Posted by damansaraeagle > 2020-06-15 09:42 | Report Abuse

not moving at all, funny though the results finance still not out

Posted by Kopimilo > 2020-06-16 14:17 | Report Abuse

After auditor quit in May, is there new one appointed? Any official announcement? I may missed it.

Posted by damansaraeagle > 2020-06-16 14:44 | Report Abuse

none , only announcement on striking Gold company.... whatever that means

Posted by Kopimilo > 2020-06-17 09:39 | Report Abuse

Someone fed up of all the craps, already sell almost 65k volumes, valued more than RM222k. He/She may did the right thing, better to be in other counter like healthcare/glove maker that may double the value by Christmas holiday rather than sleeping, freezing value here. Lol.

Posted by MagicHand > 2020-06-17 10:16 | Report Abuse

The gold dealing will materialise soon.. U keep sell I keep buy

Posted by damansaraeagle > 2020-06-17 16:09 | Report Abuse

gold deal ?

Posted by Kopimilo > 2020-06-17 17:12 | Report Abuse

Even if gold deal sealed next month, it just the agreement, not the production. Next stage gold deposit assessment, confirmation technically not the guestimate.
Don't you heard the famous myth about gold deposit? Gold was storytelling that the mother gold of mineral deposit got the gene, in malay called orang bunian guardian. It will showing abundance of gold deposit by magic trick, then upon someone getting there to take it, its gone just a few small grain like sand left there. Lol.

Posted by Serenevalley > 2020-06-18 09:48 | Report Abuse

Ken1008, what u heard laa. Orion ixl has not making any money from My Azzahra loan coop thing nor making progress in indonesia

Posted by Kopimilo > 2020-06-18 16:00 | Report Abuse

Not making money? Then all bod go sell goreng pisang la.. don't take salary/emoluments from company. Lol