If we get any kind of recovery in SP, I'll be out of here.
Since VEN has no revenue, it can only be priced on potential. Clearly the potential has issues or the sp wouldn't have dropped so low IMO. Without further cap raises, there may be issues in funding development because the banks, super funds etc are becoming very reluctant to be involved in hydrocarbon projects. Moreover there may be a looming gas surplus because markets have contracted during covid19.
It's my last investment in this industry for sure. I don't share your optimism but wish you well anyway.
Ok can anyone explain the drop in share price?, page-14
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $15.02M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $4.19K | 441.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3488417 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 8639484 | 9 |
View Market Depth
| Last trade - 15.00pm 16/08/2024 (20 minute delay) ? |
| VEN (ASX) Chart |