I bought some VEN today .
Even though they have some assets in common I think they are very different businesses .
They have a different business plan , different management capabilities and BOD's.
VEN has only had a short history as a listed company and it has been active and very successful in its exploration efforts .
However it listed at a very unfortunate time for an Oil and Gas company and is well down on its early year share prices .
They have very ambitious plans and the Market sees the same problem ahead that overhangs MEL .
Where will the money come from and how much dilution will it bring and how many short term Carpet Baggers will a placement bring onto the register.
Both MEL and VEN look to be bargains to me but fossil fuel companies are out of favour in todays Market .
In a nutshell VEN has a Market Cap almost 3 times as big as MEL so everything else being equal you should expect almost 3 times the value of shares to turn over each day on average .
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.342M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 12645040 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 12959974 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 12645040 | 0.003 |
9 | 21020899 | 0.002 |
8 | 69736865 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 12959974 | 11 |
0.005 | 5954721 | 6 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 16.12pm 13/09/2024 (20 minute delay) ? |
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