I bought some VEN today .
Even though they have some assets in common I think they are very different businesses .
They have a different business plan , different management capabilities and BOD's.
VEN has only had a short history as a listed company and it has been active and very successful in its exploration efforts .
However it listed at a very unfortunate time for an Oil and Gas company and is well down on its early year share prices .
They have very ambitious plans and the Market sees the same problem ahead that overhangs MEL .
Where will the money come from and how much dilution will it bring and how many short term Carpet Baggers will a placement bring onto the register.
Both MEL and VEN look to be bargains to me but fossil fuel companies are out of favour in todays Market .
In a nutshell VEN has a Market Cap almost 3 times as big as MEL so everything else being equal you should expect almost 3 times the value of shares to turn over each day on average .
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.790M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $10.11K | 2.527M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 11541399 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4483831 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 11541399 | 0.004 |
7 | 14261686 | 0.003 |
4 | 16775000 | 0.002 |
3 | 46300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4483831 | 5 |
0.006 | 5709772 | 9 |
0.007 | 2663797 | 4 |
0.008 | 1035051 | 2 |
0.009 | 80000 | 1 |
Last trade - 12.40pm 12/07/2024 (20 minute delay) ? |
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MEL (ASX) Chart |