Cuervo Resources Inc CRVNF

RE: The crux of the matter

[jamieb3]

Sitting on a huge gain? This stock has done nothing this year. It is trading at about the same price it did in January and the year is about half done. That is under-performance by any measure. I haven't gotten in touch with management but would dearly love to hear their reasoning behind not hedgeing. Their quarterly clearly lays out all the reasons you would initiate a hedge - yet they chose to do nothing except ride the price down. Perhaps they were too busy figuring out the stock comps to give themselves. Pretty hard to make those calculations when you have absolutely no job performance to use as a yard stick, so I can see where it would take up a lot of their valuable time. At any rate there seems to be a bit of a short squeeze going on here at the moment. Might be a good time to sell, because this puppy is going $8, but I don't think you'll ever see $5-6 - unless that's the take over bid.