There are several Resource Funds in trouble at the moment and some are unloading their holdings to cover their leveraged positions that went wrong.
We already know that Merryl Lynch has sold and may still be selling.
I am waiting for management to start reporting on the now multiple assets of CUO. They have paid a considerable sum for those assets so surely some of them must be doing something worth a report/update.
At the current price CUO is a steal, merger or not. I am holding for the medium/long term.
Angers
CUO Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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