Definitely can't see the Vali remediation going ahead. As per VENs SPP prospectus they have $6.3 million of deferred revenue on the books as of Dec 31 2024; which is related to the Vali prepayment from AGL. Thus VEN has only paid $1.2 million off since Vali has come online in Feb 2023, yet they are looking to throw another $700k at it?
These figures can be halved for MEL. Thus in about 2 years MEL has only paid off $600k of AGL debt from Vali revenue.. Not exactly a booming ROC or ROE.. I agree to the JV only agreeing to Odin workovers.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.915M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $638 | 318.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 10451844 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2714191 | 7 |
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| Last trade - 12.05pm 13/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |