MEL metgasco ltd
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The same thing happened to VEN after they announced the...

  1. ggwill
    2,835 Posts.
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    22/07/21
    09:32
    Post #: 54680160
    The same thing happened to VEN after they announced the entitlement offer at 6c. There was a lot of selling at 5.8-6c. The retail participation wasn't high and Regal ended up with the underwritten shares. They paid less than the cap raise price.

    I am not sure why VEN is going down now. May be following MEL's lead rolleyes.png As you said, the Vali-3 announcement is imminent.
    MEL Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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