The major drama for MEL was finance. Once Keybridge pulled their loan it took MEL a while replace that funding and it was messy getting there. Glennon stepped in to fund MEL and have committed to support MEL through to production revenue. They are getting a big kick for the debt but it is all back ended.
With finance now settled and Glennon running the show MEL is a very basic little stock with 25% of Vali/Odin fields. Certainly a lot simpler than a merged VEN/GLL.
If nothing else MEL gives VEN a look through value on their own 50% share of Vali/Odin. MEL is at $7m so VEN's 50% is worth around $14m.
The major drama for MEL was finance. Once Keybridge pulled their...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.347M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $8.811K | 2.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1946217 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3810815 | 13 |
View Market Depth
| Last trade - 11.15am 13/06/2025 (20 minute delay) ? |
| VEN (ASX) Chart |