I would of thought they will need a collar price of circa $7.5 USD for the "Market price" in any offtake and no doubt have to offer up discounts above the $10 USD in return for collar. This will give the lenders a bit more comfort. Hard to negotiate the collar price around $7.5 high when V price is in the shitter.
My key hope for the V price is the old adage, the cure for low prices, is low prices...
Good luck longs
I would of thought they will need a collar price of circa $7.5...
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