Hi All, haven't posted on this thread before, but have held VEN for 12 months or so. IMV, VEN suffers a bit from overpromising and then having delays knock them off their expected time frames. All par for the course in this industry, but hasn't helped their cause.
It's my view that once we can show revenues starting to flow in (or soon to be) from Vali, we will see a much more steady (and higher) SP. I haven't been following too closely, but I don't think we have any detailed engineering or cost estimates yet for the Vali connection - or have I missed that?
June qtr appears to be the next catalyst, with the Cervantes expln, plus plenty of other targets in ATP2021 being defined with seismic acqns, so plenty of news flow. Given that we only just completed a CR at .085c in Jan, this move between 10c and 12c is (IMV) just a consolidation phase we need to be going through. Also, gives me a bit more time to add to my holdings, before the news that revenue is flowing and everyone else catches on...
Good luck all and nice to see a familiar 'face' @RED328 J22
VEN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)