The major drama for MEL was finance. Once Keybridge pulled their loan it took MEL a while replace that funding and it was messy getting there. Glennon stepped in to fund MEL and have committed to support MEL through to production revenue. They are getting a big kick for the debt but it is all back ended.
With finance now settled and Glennon running the show MEL is a very basic little stock with 25% of Vali/Odin fields. Certainly a lot simpler than a merged VEN/GLL.
If nothing else MEL gives VEN a look through value on their own 50% share of Vali/Odin. MEL is at $7m so VEN's 50% is worth around $14m.
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vintage energy ltd
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.43M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $10.1K | 2.029M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 22391926 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1096063 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 22391926 | 0.004 |
25 | 18438332 | 0.003 |
3 | 2100000 | 0.002 |
6 | 9750000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1096063 | 4 |
0.006 | 5382518 | 13 |
0.007 | 1080000 | 2 |
0.008 | 6247481 | 5 |
0.009 | 500000 | 1 |
Last trade - 14.43pm 11/08/2025 (20 minute delay) ? |
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