MAY 6.67% 3.2¢ melbana energy limited

Cuba Block 9: Operations Update 31 May 2024, page-292

  1. 7,923 Posts.
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    Maybe. There is some decent position-building going on out there (the individual bid sizes are well about the individual offer sizes [someone pointed this out earlier] which implies that some larger players are starting their position build, probably since yesterday). I think anyone who was going to sell 6.7-6.9 has pretty much already done so, and longer term holders (us lot) have zero interest in letting go of anything this side of 10.5. So I expect some position builders to have to pay up before the close.

    Wild guess really.

    Kit

 
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