re: cue rated a hold by patersons 23c valuation

I still believe that it is purely just an over-reaction to the Jeruk downgrade ........... some people out there actually think that Jeruk was all they had in their treasure chest obviously. God knows anyone would think it's a duster. I have searched for any other signs that it could be something else and draw a blank.
The obvious pre-curser to confirm its nothing else would be that sister company Todd Petroleum NZ fully underwrote the recent CUE $23M cap-raising, and probably ended up funding around 85% of it in the end.
Todds is a private NZ family company, are loaded with cash, and being a sister company to CUE, you just wouldn't go there if it was anything else, surely.
Until I'm proven wrong, my sizeable holding will just sit untouched in the bottom drawer waiting for the rain to clear, and sanity to once again prevail over the market.
wrxsti