Hi OG ..does seem to be an unreasonable gap in value to VEN...it...

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hombre cara

31,292 Posts.

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02/12/22

12:30

Post #: 65117634
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Originally posted by OldGeo: ↑

Hi hopefullyguy,
Since MEL's November 2022 capital raise (135,125,402 shares @ 2 cents), close to 135,160,000 shares have changed hands at around 2 cents. In my view, whoever is selling at these prices is not making much profit, if any, since MEL is essentially trading at near 52 week lows. Over the last 12 months, 1.04 billion MEL shares have changed hands at around 2.6 cents.

MEL management are surely busy accessing other business opportunities that will provide traction/interest in the market, apart from Patriot-type deals. Focus on screening new low to medium-risk gas projects, be they-new onshore basin entries and/or production, otherwise the MEL team become surplus to the business since VEN are doing most of the heavy lifting at Vali and Odin.

Kind regards OldGeo

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Hi OG ..does seem to be an unreasonable gap in value to VEN...it only makes sense if another cap raise is coming for MEL which i assume is very unlikely?

MEL Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $3.665M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$3.467K	1.483M

Buyers (Bids)

No.	Vol.	Price($)
17	18185488	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	5913861	9

View Market Depth

No.	Vol.	Price($)
17	18185488	0.002
8	35000998	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	5913861	9
0.004	10479052	6
0.006	311675	1
0.022	91666	1
0.028	2400	1

Last trade - 16.10pm 19/06/2025 (20 minute delay)

MEL (ASX) Chart

Hi OG ..does seem to be an unreasonable gap in value to VEN...it...

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Hi OG ..does seem to be an unreasonable gap in value to VEN...it...

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