Great post @boysy1. I also did a side by side of VEN/MEL and came to the same conclusion. (with great advice from @OldGeo and others)
Vali/Odin are in the doldrums right now but IMO will be successful feilds. Either successful slowly under VEN/MEL due to their limited $$ or successful quickly if they get taken out.
If VEN/MEL are allowed to develop the feild of the 2 stocks MEL is better positioned to ride it out until cashflows improve.
It's all happening in realtime so we won't be waiting to long. I'm pretty happy picking up MEL at 52 week lows in advance of the next qrtrly.
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 (20min delay)
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.413M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.253K | 626.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 18408114 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6914191 | 10 |
View Market Depth
| Last trade - 10.04am 18/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |