Cuervo Resources Inc CRVNF

It's Only A Guess

[Garthk17]

Did I read somewhere that Find was buying shares to ensure that the company was trading at its rightful value? I have noticed for the past few days, while the price has been increasing, 1 excessive bidder that seems to be pushing the price up. This bidder tends to keep just few cents behind the highest bid price and the odd time gets caught buying a few shares. If this is true, then how long can whoever sustain the bidding if the buyers tend to dry up? Based upon the lack of new reports of drilling, which I do not anticipate for another month or so, I question the uptake (but I won't argue with it as it has earned me some extra money). Just an observation. Whether there is any merit, I am not sure. Garthk

[Everpatient]

Part of the private placement deal was for 1,000,000 shares to be bought back. That is why you see what you are seeing.

[Garthk17]

Are you sure it is not the Normal Course Issuer Bid, which I believe has nothing to do with the private placment. I copied the attached excerpt from a Find Report: "Normal Course Issuer Bid The TSX has accepted Find’s Notice to Make a Normal Course Issuer Bid (the “Normal Course Bid”) to purchase from time to time, as it considers advisable, up to 2,422,346 of its 33,608,776 currently

[shotski]

does anyone know how many of the 2,422,346 have been purchased to date? TIA

[rfk67]

Since Aug. 17 they have purchased 449,600 over 10 transactions. I got it from Canadian Insider and didn't really look too hard to see if I could get all of the trades since the plan was initiated on June 2. Sedar should have it though.