Yesterday nicely balanced the RSIs. I think we will trade back...

Yesterday nicely balanced the RSIs. I think we will trade back up (3.7-4.1) from here. We may encounter some decent profit taking around 3.9/4.1 though, so it's going to need some decent volume to push through there at this stage. Once 4.1 cracks and holds, we are probably looking at 4.7 then 5.4 as decent resistance levels. My medium term view holds: by late November (commencement of remediation of A2 via service rig, and pad works commencing for A4/A5) I think we will see 8+. Longer term is 100% dependent on the lads on the ground.

The webinar next week (7th October 2024, 7:00am Havana time, so that's 10:00pm Sydney time for folk who are keen) may provide some hints regarding progress with sale contracts and financing. This appears to be a forerunner to the Cuba Energy Summit 2024 (run by The Energy Circle fro 4th to 6th December 2024), and although it is unconfirmed I have a feeling that some Melbana folk with not only be present at the summit but may be invited to speak. Further good PR for Melbana. (A quick tip here: suggest you follow "The Energy Circle London" via Linkedin to keep up to date on that summit, and any potential mentions of MAY).

Enjoy your day.
Kit.