First post here and a recent purchaser of CUO. I though they were setup to capitalise on the market with production very cheap and the great hedging position – a decent long term trade. I found the new article searching at lunch today:
Worth a read for any CUO holders. I think the board didn't want to face the AGM. Debt was not due until Dec31. I personally do not care about the past being a new holder, but i though that they have the cash flow to warrant funding flexibility. In this respect, i hope there is more chance of a future / relisting.
CUO Price at posting:
5.0¢ Sentiment: None Disclosure: Held
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