A merger would not be at 2 cents as VEN would need to pay a control premium .
It would be an all scrip offer if it came and likely be only a little under 1 for 3 given that STX has some potentially valuable assets outside of the
Cooper Basin JV .
The deal would unleash some synergies and there would be a much clearer growth path than we have at the moment .
The perennial problem with MEL is they only make small capital raises to fund the near term funding requirement and they do it very late .
So the fear of the next dilutive capital raise seems to always be hanging over the market and affecting the share price .
I have only pulled this one out of my imagination based on no evidence at all except that they could .
How about a Cash Offer from our other JV partner to take them to 50%.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 19285488 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10613886 | 10 |
View Market Depth
| Last trade - 10.04am 20/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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