IMO its the general mining and oil market sentiment right now, both VEN and MEL are suffering and also the selling of the major shareholder KBC over the last year with the prospect of more selling to come, has had a negative pressure on MEL's share-price.
Once we start having more announcements such as: connection of the other Vali gas wells, an agreement for a buyer of the Odin gas with a good price, confirmation of gas production rates and some cashflow figures, it will be rerated in my opinion very quickly.
Then in the second half of this year we will have the announcements of the connection of Odin and the seismics which will identifying new prospects should push the share price even higher.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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