Any takeover by VEN would probably be an all scrip offer and their share price is in the doghouse too .
Frankly it would make sense to me as it would remove some costs and there would be a clearer way ahead with a bigger company .
Of course what would be the ratio might be a sticking point .
Maybe the third member of the JV might be interested to take out both VEN and MEL .
They have capacity to make a cash offer .
Both VEN and MEL look cheap based on the proposed production rates .
Ann: Quarterly Activities and Appendix 5B June 2023, page-35
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
