While MEL is conducting it's Strategic Business Review I'm wondering what the other JV partners are thinking and whether they are buyers or sellers themselves. MEL's 25% wouldn't be as attractive as 50% or even 100% of the project.
VEN isn't in a position to buy MEL's 25% but could they be a possible seller? Take an early exit on the JV to focus on their other assets? If PAC/MEL can get better than MEL's current MC for 25% VEN could be looking at a $14m+ plus payout.
It was pretty clear from Bridgeports Reserves and Resources statement they don't think much of their 25%. Not a buyer but possibly a seller?
I'm hopeful that PAC Partners are thinking that the whole JV may be worth more than the sum of its indvidual parts and have contacted Bridgeport and VEN.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 16630498 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 10381720 | 9 |
View Market Depth
No. | Vol. | Price($) |
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8 | 6630498 | 0.002 |
9 | 37800999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 5681695 | 8 |
0.004 | 3097000 | 4 |
0.006 | 311675 | 1 |
0.008 | 100000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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