I am hearing that the reason for the fall in CUO SP is because a Canadian Fund has been forced to liquidate its holdings world wide and CUO is one of its holdings.
They have been responsible for over 3 million CUO shares sold last week, and have been heavy sellers over the last few days.
Not a lot more selling is anticipated.
Given the the increasing revenues from the rapidly exapanding production levels shown in the quarterly released last week, CUO is an absolute steal at these levels - which is at about 2.5 yr lows.
Nothing fundamentally has gone wrong with the company, and this is why now around the 40c level is a real opportunity.
Angers
MXX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
