I usually don't dabble in speccies. But in this case I backed the management, and put about 1.5% of my portfolio into VEN. If Vali 3 is successful, then the shares may climb into double figures, but one dry-well will see the price plummet. So far so good, but there is a lot of gas to flow over the pipeline yet. There is a million dollars of pipeline yet to be constructed. Luckily ODIN 1 is only about one klm. off the route of the proposed pipeline., with Vali 1, 2, 3, almost in line with one another along the proposed route. So there is still a bit of money to be spent. Include $1M for wireline logging, perforating etc, for each well also.
I am not trying to rain on anyone's parade, just adding a sobering thought or two to anybody's over-enthusiasm. I personally think this is a stock with great potential. But if it ran to $0.10 I would sell. I would then sit and watch for any pullbacks. But then, I am not a long term investor. Just someone making his wages each week by investing/trading. As you can imagine, I have several watchlists of stocks which I am monitoring.
All IMHO of course. May you all prosper....Marum.(Die ölgetränkte Katze)
- Forums
- ASX - By Stock
- VEN
- Neil Gibbins Video on *********
Neil Gibbins Video on *********, page-20
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VEN (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $15.02M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.007K | 100.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3193625 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 9491815 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 5268749 | 0.008 |
27 | 7515426 | 0.007 |
10 | 2593999 | 0.006 |
6 | 2529000 | 0.005 |
2 | 1400000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 7525127 | 6 |
0.011 | 5821306 | 10 |
0.012 | 7340271 | 9 |
0.013 | 1269232 | 1 |
0.014 | 2357861 | 2 |
Last trade - 10.10am 07/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
VEN (ASX) Chart |