Was fairly surprised to compare the following (MEL vs VEN)
VENs revenue ~2x (as you would expect to see)
VENs production expenses ~2x (as you would expect to see)
VENs wage bill - ~6x (significantly more costly)
VENs corp admin bill ~3x (significantly more costly)
All in all one has to question the VEN rising over MEL investment at the moment it looks like MEL will be in a better position to weather any delays better than VEN (noting VEN appears to be a significantly leaner operation).
Lets hope the quarterly release in the next couple of weeks looks better than the market/ SP suggests.
MELs quarterly
VENs quarterly
MEL Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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