Good stuff OG. From VEN's presso today I would be adding in frac costs of $1m per well net, increasing Vali2/3 cost to ~$1.4m a pop, and we also need to factor in Cervantes at $3.7m + $0.9m for connection. I can see why Cervantes is continually getting pushed back. Without Vali 3 and Cervantes all current cash is used up. I'd assumed the strategy was to raise cash off the back of the Cervantes run-up...but rig timing may have scuttled that. Will be interesting to see how they play it - certainly feeling a bit vulnerable to corporate action at this stage.
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $360 | 179.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 11172257 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10182794 | 11 |
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| Last trade - 10.09am 25/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |