Production issues (expected with a field start up) + incompetent management (biggest issue)
The board decided to dilute the f**k out of the company due to their incompetence. Paying massive salary bills + massive subcontractor bills, burning through cash, lying about wells ( Albany, marking them as successful then 2 years later declaring them a failure )
Nevertheless 2 wells are producing with the chance of 2 more coming on very soon.
I averaged to 2.4 cents in the most recent capital raise and still find myself about 60 percent down…:
Production issues (expected with a field start up) + incompetent...
Add VEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $15.02M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $15.22K | 1.751M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4548712 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 7559466 | 6 |
View Market Depth
| Last trade - 11.36am 23/08/2024 (20 minute delay) ? |
| VEN (ASX) Chart |