CuOro Resources (CUA.V) has been trading very nervously since the company announced managament changes. We have bought more shares of CuOro on the open market, as the current valuation is just ridiculous. As the company holds approximately 30 cents per share in cash, the Enterprise Value of CUA has just turned negative.
Disclosure: Cuoro Resources Corp. is a sponsoring company. The author holds a long position and is buying more shares on the open market. Please see our disclaimer for current positions.
