Any takeover by VEN would probably be an all scrip offer and their share price is in the doghouse too .
Frankly it would make sense to me as it would remove some costs and there would be a clearer way ahead with a bigger company .
Of course what would be the ratio might be a sticking point .
Maybe the third member of the JV might be interested to take out both VEN and MEL .
They have capacity to make a cash offer .
Both VEN and MEL look cheap based on the proposed production rates .
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.267M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.242K | 496.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 17714111 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6914191 | 10 |
View Market Depth
| Last trade - 11.39am 17/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |