CUA.V CuOro update

cua agu 2012

As anticipated the incentive for management by way of options has all but been eliminated with the stock at these depressed levels. From $2.60 to $0.65 is around a nice Fibo 76% so it is possible that the stock will recoup some of its losses, but odds are overwhelmingly against a major rebound given their burn rate, the weakness of one of their backers and our low expectations with regard to the metal itself. Stand aside.