IMO it's good people are trading this stock as it provides additional volume/liquidity. If things go well, new traders will join the train and the previous ones will be locked out. Plenty of more news to come, too many to list.
I don't think there is a significant risk of Vali-3 being a failure. They gas has already been discovered by Vali-1 with an additional successful well (Vali-2). It's a question of how much net gas pay Vali-3 will obtain.
Vali-2 obtained around 88% more net pay than Vali-1. So, there is potentially a significant upgrade to the reserve (may be roughly up around 44%, the mid-way between the two wells?).
Neil Gibbins Video on *********, page-47
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.36M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $102.9K | 9.357M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 13051275 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1807616 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
0.000 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.2¢ | 1.0¢ | 2582636 | ||
| Last updated 14.59pm 06/05/2024 ? | |||||
| VEN (ASX) Chart |