I am confident we will see the first production before another cap raise. The cap raise was done less than two months ago. The share price is still stuck at around the cap raise price .
Another gas pre-payment may come early next year, which may be the next catalyst for the share price. But this time there won't be much spending as Odin 1 is already completed and the Odin pipeline will be very short.
Great time for another gas sales agreement! Last quarter, STO managed to get around Au$13 per GJ (US$8.96) from the east coast gas sales.
It would be great if VEN makes an offer, it would generate interest at least.
MEL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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