CUL - Cullen Resources

[YOUNG_TRADER]

YT im doing some reading on Cullen but you have covered a lot of it allready...I agree with the volume though.

Total Class Issue: 474,039,763

Greater than 1/5 of the company changed hands..thats big.

Total holding of twenty largest shareholders = 93,020,712

Take out the top 20 share holders and we have 381 million tradable shares.

Volume today was just under 96 million.

Thats 1/4 of the tradable shares exchanging hands. Thats huge IMO. Looking forward to tomorrow. The DOW looks set to open lower so hopefully it doesnt get smashed..but even if it did I think CUL could perform very niceley tomorrow.

Chris that top 20 is wayy outdated Jan 2007

What do you reckon re my accumulation or Insto buying? I know it sounds crazy, ut the buying was crazy, I saw some 2m and 3m orders go up at 7c+ today, traders don't do that, no way they buy that many at the peak, or am I just reading into things too much

 

[chris1983]

Thanks Niz,

What do people think of my theory?

I could be way off, but the volumes were huge and even more so considering it was a down day, something must be up, thoughts?

In regards to the top 20 holders..how often do they need to release these figures? Is there a time period in where they must provide updates?

 

[Fool]

Thanks Niz,

What do people think of my theory?

I could be way off, but the volumes were huge and even more so considering it was a down day, something must be up, thoughts?

Does anyone have any timestamped data for today?

I'd like to know what the volume was before YT posted his research around the place.

That would be a good indicator of whether or not it's just ASF's who are cashed up from a series of good advice ... YML, FNT, FWL, MGO to name a few.

 

[YOUNG_TRADER]

Chris I don't think there is a requirement,

But I think we should all call the company tomorrow and ask that they update their top 20,


Fool, by the time I alerted everyone to it about 20m had already changed hands, I felt like I was competing with other buyers this morning which I thought was strange given that the stock opened up at 5c and should have retraced, I had to do half of my buying at 6c-6.5c There's no way it was ASF's no way no how, especially since the thread didn't go up until 2-3pm


Also why hasn't the company been hit with a speeding ticket? The asx got hammered today, hardly any stocks are up, yet CUL is up 50% on record volume! Very strange,

Tomorrow will be interesting

 

[chris1983]

Chris that top 20 is wayy outdated Jan 2007

What do you reckon re my accumulation or Insto buying? I know it sounds crazy, ut the buying was crazy, I saw some 2m and 3m orders go up at 7c+ today, traders don't do that, no way they buy that many at the peak, or am I just reading into things too much

I saw the 2 million and 3 million trades going through taking everyone out past 7 cents also. Was watching it all day. I dont think your theory is out of the question in regards to accumulation and Insto buying. Not with the recent JORC established. This news would of triggered a number of buyers. I just think they are undervalued and should of been rerated earlier. The rerating is just coming now. I thought they were undervalued before too..when they owned 50% in the Forrestania Project. Its only 20% now but its free carried.

 

[Craze0123]

AND they have a nice/ok website....sorry had to add that in for a small giggle

Well done to YT and all the other guys putting up some nice info on this .

 

[Fool]

RE: speeding ticket - it has happened a few times lately, I think if they respond fast enough to the ASX enquiry, they don't get a trading halt.... but it doesnt get posted up as an announcement until the next day - so would expect something tomorrow.

That could trigger some uneasy sellers too, so I would expect an opportunity for cheap buying post-speeding ticket.

As for tomorrow..... it's currently the most talked about stock on HC - 50 odd posts in the last 24 hours, and probably another 20-30 at least before open tomorrow.

Fully expect it to open much higher then it closed today.

I don't know if it will reach Nizar's target of 17c, but with how hard FWL has run, nothing ceases to amaze me now.

As always - kudos to YT - that's another round of beer's I owe you

 

[Ruprect]

What brought this to my attention again yesterday was its move up and hold above the 4.5c mark, not on large volume of course, but with the market going through a minor correction it seemed like a positive sign.

I think the fact that it opened above 5c first thing might indicate that it wasnt traders pushing it up, rather it was someone trying to fill a position. I think traders probably started to enter later when the volume and movement started to hit their radars.

Im a little disappointed with myself for not topping up here after looking at the iron ore potential at 2am this morning!! But still happy to have held a good parcel for a while, as i have always thought it has held great potential, just sometimes takes time for the market to notice.

I mean seriously, a small cap with JV partners of BHP, FMG and Aquila? If that doesnt scream "opportunity" im not sure what does.

Plus, Iron Ore, Gold and Uranium, thats great exposure to some of the hot commodities of the next few years.

 

[nomore4s]

Chris that top 20 is wayy outdated Jan 2007

What do you reckon re my accumulation or Insto buying? I know it sounds crazy, ut the buying was crazy, I saw some 2m and 3m orders go up at 7c+ today, traders don't do that, no way they buy that many at the peak, or am I just reading into things too much

I agree with you YT, with the amount of vol today imo there could be some big players getting on board and not to worried about paying up for it. I don't think too many traders would have chased the price up that hard but I could be wrong.

Does anyone have any timestamped data for today?

I'd like to know what the volume was before YT posted his research around the place.

That would be a good indicator of whether or not it's just ASF's who are cashed up from a series of good advice ... YML, FNT, FWL, MGO to name a few.

I don't have this data but have posted a 5min chart of todays trading, the vol and price was well and truly up before lunch time which is before YT posted on this stock. But look at the afternoon session, that could be YT's band of followers lol, seriously though 30mil or so traded in the last 30 or so mins is interesting, it is generally known as professional hour so who knows.
I'm thinking there will be a change of holdings notice shortly though, just my opinion.

Edit: Just found this link with the data you are after fool. http://www.stocknessmonster.com/

 

[chris1983]

What brought this to my attention again yesterday was its move up and hold above the 4.5c mark, not on large volume of course, but with the market going through a minor correction it seemed like a positive sign.

I think the fact that it opened above 5c first thing might indicate that it wasnt traders pushing it up, rather it was someone trying to fill a position. I think traders probably started to enter later when the volume and movement started to hit their radars.

Im a little disappointed with myself for not topping up here after looking at the iron ore potential at 2am this morning!! But still happy to have held a good parcel for a while, as i have always thought it has held great potential, just sometimes takes time for the market to notice.

I mean seriously, a small cap with JV partners of BHP, FMG and Aquila? If that doesnt scream "opportunity" im not sure what does.

Plus, Iron Ore, Gold and Uranium, thats great exposure to some of the hot commodities of the next few years.

The movements in CUL are definately different this time around. Thats why I had to get back in when it was brought to my attention by YT. I didn't want it to be a stock I had previously read on and researched just to see it suddenly get re-rated. I sold my initial holding at 4.1 cents back in October last year. This is a very solid movement in CUL that I havn't seen before. Everything points to a re-rating due to the recent JORC and potential upside of their many projects.

 

[nizar]

Thanks Niz,

What do people think of my theory?

I could be way off, but the volumes were huge and even more so considering it was a down day, something must be up, thoughts?

I think your reading too much into it.
Iv seen MLS and WMT do 100-150m days and they have about 500-600m shares on issue. One of them even did 300m once. Cant remember which one it was.

As to the market being a down day. Well sometimes you just have champion stocks. WMT did 17c to 32c in 3 days during the Feb correction.

This one and ADY look like the only stocks worth buying at the moment.

 

[chris1983]

I think your reading too much into it.
Iv seen MLS and WMT do 100-150m days and they have about 500-600m shares on issue. One of them even did 300m once. Cant remember which one it was.

As to the market being a down day. Well sometimes you just have champion stocks. WMT did 17c to 32c in 3 days during the Feb correction.

This one and ADY look like the only stocks worth buying at the moment.

But Niz..when WMT and MLS started doing those huge turn overs in a day they went from 3 cents to where they are now. Maybe CUL could be next to make a significant movement. I think they have all the ingredients to do it too.

 

[nomore4s]

RE: speeding ticket - it has happened a few times lately, I think if they respond fast enough to the ASX enquiry, they don't get a trading halt.... but it doesnt get posted up as an announcement until the next day - so would expect something tomorrow.

That could trigger some uneasy sellers too, so I would expect an opportunity for cheap buying post-speeding ticket.

As for tomorrow..... it's currently the most talked about stock on HC - 50 odd posts in the last 24 hours, and probably another 20-30 at least before open tomorrow.

Fully expect it to open much higher then it closed today.

I don't know if it will reach Nizar's target of 17c, but with how hard FWL has run, nothing ceases to amaze me now.

As always - kudos to YT - that's another round of beer's I owe you

I also think that the speeding ticket will come tomorrow, would be very surprised if it didn't.

With all the rounds of beer we all owe YT, he could open a pub, lol

 

[nizar]

But Niz..when WMT and MLS started doing those huge turn overs in a day they went from 3 cents to where they are now. Maybe CUL could be next to make a significant movement. I think they have all the ingredients to do it too.

Hey Chris.
You know what -- i agree fully.

When i saw CUL today it was like that day (not sure if you remmeber) in november i think, when WMT had a huge run, close the previous day at 5.8, opened at 5.9 and touched to 10c before closing at 9.something.

Until now i look back at this day, and think, why didnt i get in and place a loose stop at about 5.5c. Potential 50% loss i know, but the upside was phenomenal, it went to 40c++ in a few months.

So i reckon an entry 2mrw at around 7ish, put a loose stop at 5c, and just let her ride. See how far it can go.

BLR, MLS, WMT, i traded them all under 10c. The mistake was i didnt hold them for the full run. I wont make that mistake again.

 

[nizar]

I don't know if it will reach Nizar's target of 17c, but with how hard FWL has run, nothing ceases to amaze me now.

Hi fool,

Not a target as such, but a 17c i would expect it to have a breather at least.
All stocks have breathers, WMT had plenty but it still went from 5c to 46c in a few months.

I would think CUL maybe run to 7.5c before a rest, or if it wants to be textbook, overshoot this point, run to say, 8.5, then pull back to 7.5c as a support. All these sub-10c stocks have trouble getting past 10c. I cant see why this is no different. So itll probably stop there.

But 17c is where it failed in 2000, so its historical resistance.

Note that in 2003, it had a big volume UP day, like today to about 7,5c, then got smashed back down again.

 

[YOUNG_TRADER]

I think your reading too much into it.
Iv seen MLS and WMT do 100-150m days and they have about 500-600m shares on issue. One of them even did 300m once. Cant remember which one it was.

As to the market being a down day. Well sometimes you just have champion stocks. WMT did 17c to 32c in 3 days during the Feb correction.

This one and ADY look like the only stocks worth buying at the moment.

But Niz..when WMT and MLS started doing those huge turn overs in a day they went from 3 cents to where they are now. Maybe CUL could be next to make a significant movement. I think they have all the ingredients to do it too.

Exactly, when WMT did this it re-rated itself as a 10c+ stock and it imo doesn't have as much fundamentals behind it,

Whatever happens tomorrow I'm not fussed, the Pre Feasibility Study could come out anytime, I expect it to show an NPV attributable to Cullen of over $500m for Catho Well, if RHI is worth $6 per lb Fe interest it has, why not CUL? its project is part of the same puzzle?

Only difference RHI is much more tightly held!

 

[Fool]

Hi fool,

Not a target as such, but a 17c i would expect it to have a breather at least.
All stocks have breathers, WMT had plenty but it still went from 5c to 46c in a few months.

I would think CUL maybe run to 7.5c before a rest, or if it wants to be textbook, overshoot this point, run to say, 8.5, then pull back to 7.5c as a support. All these sub-10c stocks have trouble getting past 10c. I cant see why this is no different. So itll probably stop there.

But 17c is where it failed in 2000, so its historical resistance.

Note that in 2003, it had a big volume UP day, like today to about 7,5c, then got smashed back down again.

See if you were to trade to the above scenario, you would set a sell order at 8.5c, and then buy back in at support.

Which is very tempting for me, after watching AAR go up and down up and down up and down and finally crack 10c, only to stutter around it's new support level.

But if you guys think this stock is looking a lot like WMT in babies clothes... there is no way in hell I would be putting a sell order at 8.5c, I'll put this in the bottom drawer and forget about it for 3 months.

Love this Iron Ore !!

It smells better then yellow cake to me.

 

[Sean K]

I would think CUL maybe run to 7.5c before a rest, or if it wants to be textbook, overshoot this point, run to say, 8.5, then pull back to 7.5c as a support. All these sub-10c stocks have trouble getting past 10c. I cant see why this is no different. So itll probably stop there.

Niz, I'm not sure how to put a TA target on this after a break from recent price action, so I'll let you fill me in on those numbers.

I think after blue skies, I'll personally put more faith in YT's analysis for a price target, unless someone can poo poo it with any great qualification. So, lets start at 12 cents. (I think that was the latest initial valuation YT?)

Niz, what's the background to your numbers?

The only thing I can say as far as the chart goes, is on the down side, there should be support at 6.4, and then 6 ish, and then 5.5 ish.

 

[Fool]

Niz, I'm not sure how to put a TA target on this after a break from recent price action, so I'll let you fill me in on those numbers.

I think after blue skies, I'll personally put more faith in YT's analysis for a price target, unless someone can poo poo it with any great qualification. So, lets start at 12 cents. (I think that was the latest initial valuation YT?)

Niz, what's the background to your numbers?

The only thing I can say as far as the chart goes, is on the down side, there should be support at 6.4, and then 6 ish, and then 5.5 ish.

Correct me if I am wrong YT, but the 12c was only the Iron Ore component alone, it should ultimately take into account the other speculative projects/uranium licenses etc as well.

12 - 22c going by an adjusted estimate (based on YT's original post)

 

[nizar]

Niz, I'm not sure how to put a TA target on this after a break from recent price action, so I'll let you fill me in on those numbers.

I think after blue skies, I'll personally put more faith in YT's analysis for a price target, unless someone can poo poo it with any great qualification. So, lets start at 12 cents. (I think that was the latest initial valuation YT?)

Niz, what's the background to your numbers?

The only thing I can say as far as the chart goes, is on the down side, there should be support at 6.4, and then 6 ish, and then 5.5 ish.

Kennas.
7.5c is resistance from 2003.
And 17c resistance from 2000.
Is more elaboration required??

Or maybe to make people in this thread happy, no breather ever, and it will go straight to YT maximum upside target of 25c

And Kennas, i dont know how to say this nicely, but i dont care where the F&*#@&*#*&#@&**&#@*# you put your faith