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Cuervo Resources Inc CRVNF

"Cuervo Resources Inc is an exploration stage company. The Company is in the business of acquiring, exploring for and developing mineral properties in Perú."


GREY:CRVNF - Post by User

Comment by Morpheus2on Jul 24, 2006 1:32pm
271 Views
Post# 11138288

RE: Trying to figure out the exchange rate

RE: Trying to figure out the exchange rateNot sure either, hold both SHN and FE, held shn pre bid for FE and bought FE after the announcement thinking it was a cheap entry into shn. The valuation of FE, seems to be at a discount of SHN still, coulkd be due to Aug and Sept payments. However if FE had announced they were rolling to a trust on their own, they would have likely gotten a 25 to 30% bump in price. So theorically SHN and FE combined should get a watered down bump as well, say about 12%. There is always the upside in FE of a bidding contest, like Canadian Southern however this now appears less likely.
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