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MEL

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25.0%

0.5¢ metgasco ltd

Ann: Change of Director's Interest Notice, page-12

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hombre cara

30,786 Posts.

646

05/06/21

08:37

Post #: 53664012
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Originally posted by jophda: ↑

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 .

Expand

..keep buying them...the more VEN goes up the more it will draw MEL up with it.....lol

Last edited by hombre cara: 05/06/21

MEL Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.001(25.0%)		Mkt cap ! $7.287M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$856	171.2K

Buyers (Bids)

No.	Vol.	Price($)
2	247543	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	2242712	4

View Market Depth

No.	Vol.	Price($)
2	247543	0.004
12	10289866	0.003
8	20970024	0.002
8	62100000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	2242712	4
0.006	1272290	4
0.007	100002	1
0.008	700000	2
0.009	330000	2

Last trade - 10.49am 31/01/2025 (20 minute delay)

MEL (ASX) Chart