CUE 2.06% 9.9¢ cue energy resources limited

the only reason for weakness 40 to 30 cents, page-2

  1. 13,981 Posts.
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    MGC,

    You forget that most of the company is held by NZ and Singaporean interests, and that as evidenced by the low liquidity the stock is tightly held by the patient.

    Tax loss selling not a big factor imho, very few would be holding at a loss, most of the hot money that came in as wood ducks on the brief Artemis spike would have long since taken their losses. Most others still in the money.

    CUE is at 30, not 40, because 10 cents of the 40 was what you only get in the lead up to a drill.

    Our "base" sp has in fact moved up from low 20's pre predrill excitement to 30 ish now - earnt by the cash build from operations and asset sales/farmouts, replenishment of exploration pipeline and mostly successful development and operations.

    40 was fleeting, and not real unless you are a trader.

    EL
 
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