Re: Do you guys think we've hit the absolute bottom now?

That is the million dollar question that no one knows the answer to until after the fact. We have been hanging around this 0.23 to 0.25 level for a few weeks. Whenever, I think there are not many ask bids so the price should go up...then a bunch more bids are added. The same for the bids, whever I think there aren't many bids so the price will drop but then a bunch more asks get added so the price stays stable. So we are in a see-saw where I feel the price could break out either way to the upside or downside. I don't have L2 but I can see there are bids for 98,000 shares at 0.225 and asks for 47,500 shares at 0.235. Nothing at 0.23. When we have almost no share volume for a couple of weeks then I believe that we will be at the bottom because at that point the sellers are exhausted and the buyers are not yet convinced that now is the time to jump in.

I wouldn't be surprised it if it drops below $0.20 sometime over the next year. I have added a whole bunch of shares around the $0.23 level as I firmly believe in the value at this SP level. Since I firmly believe in the value, I'm less tied to having to pick the price of the bottom. Rick Rule stated that he often to be early in his investments but that when the price does break to the upside, it really doesn't matter that he hasn't picked the exact bottom. I had this happen to me recently with Detour Gold, I purchased shares at around $5.00 only to watch it drop to less than $4.00 (a 25% drop) a few weeks later. However, it doesn't matter to me anymore as the share price now around $10.00. I believe that I will say the same about CUU one day. Soon :)

That is how I look at my investment - I look at the value compared to the price I paid. However, I plan on purchasing more if the price does drop below $0.20. I don't know if the liquidity event will happen in 2014 or 2018, but I don't care since I expect to make a minimum of 8X ($1.84) the current price ($0.23). Noticed that I have no idea on the timing nor the final payout price - all I know is the value is many multiples of the current price so I buy with convinction.

Another Rick Rule quote states "You are either a contrarian or a victim". I want to be in the contrarian camp.

https://www.youtube.com/watch?v=qCUR8zVva7M