CUL - Cullen Resources

[kpas]

Waiting for reentry at 6-7 cents level if possible. Long term is great hold. Currently it looks like gonna trade sideway for some time before the next great news come out...

Yeah same here, waiting for re-entry at 6 or 7c, I am reluctant to pay current prices based on how the stock generally trades, it gets sold down to the 6c region and then spikes up rather quickly.

Still a good long term hold at this price, especially with the number of JV's they have setup.

 

[juw177]

Waiting for reentry at 6-7 cents level if possible. Long term is great hold. Currently it looks like gonna trade sideway for some time before the next great news come out...

6-7c? Have you even looked at the chart yet? Good luck getting that entry. Perhaps if you keep downramping the stock haha.

 

[kpas]

6-7c? Have you even looked at the chart yet? Good luck getting that entry. Perhaps if you keep downramping the stock haha.

I would agree, but having traded this stock multiple times from this range already, and each time expecting it to go hard on breakout - I wouldn't say it won't drop again.

You can't really predict anything in this sort of market climate anyway, all of a sudden we could have another market downturn and stocks that otherwise would be happily traded at 2 or 3x, are being sold down on $500 parcels.

 

[tibby]

Yeah same here, waiting for re-entry at 6 or 7c, I am reluctant to pay current prices based on how the stock generally trades, it gets sold down to the 6c region and then spikes up rather quickly.

Still a good long term hold at this price, especially with the number of JV's they have setup.

Yeah mate I think you might be looking at the wrong stock.....no 6c bounces on CUL, a good price may be around mid 8c's....... If it is a long term hold does it really matter if you pay 8.5 c or the current low 9's????

 

[kpas]

Yeah mate I think you might be looking at the wrong stock.....no 6c bounces on CUL, a good price may be around mid 8c's....... If it is a long term hold does it really matter if you pay 8.5 c or the current low 9's????

Of course it doesn't matter, but I aint going to pay 9c if I think it's going to drop to 8c or lower am I ? You would be crazy to do so because its a huge difference in terms of short term profits.

4 95,679 0.090
2 43,377 0.088
3 563,926 0.087
5 290,000 0.086
8 362,117 0.085
1 150,000 0.084
1 200,000 0.083
2 60,000 0.082
3 401,000 0.081
10 1,162,500 0.080

that's the current buy side, I am not an expert but my opinion would be that there is sweet fark all support there when you factor that this stock has done 150m previously in a single day of trade.

Could easily get sold down to 8c or lower by 1 person dumping their stock.

Why are you pushing this so hard anyway?

 

[tibby]

Of course it doesn't matter, but I aint going to pay 9c if I think it's going to drop to 8c or lower am I ? You would be crazy to do so because its a huge difference in terms of short term profits.

4 95,679 0.090
2 43,377 0.088
3 563,926 0.087
5 290,000 0.086
8 362,117 0.085
1 150,000 0.084
1 200,000 0.083
2 60,000 0.082
3 401,000 0.081
10 1,162,500 0.080

that's the current buy side, I am not an expert but my opinion would be that there is sweet fark all support there when you factor that this stock has done 150m previously in a single day of trade.

Could easily get sold down to 8c or lower by 1 person dumping their stock.

Why are you pushing this so hard anyway?

Pushing so hard?? Mate I dont give a stuff what you do, dont see your 6-7c bounces that you have seen and are waiting for. Who knows if you will be able to buy in at those prices but if you are able to then power to you.....

 

[kpas]

Pushing so hard?? Mate I dont give a stuff what you do, dont see your 6-7c bounces that you have seen and are waiting for. Who knows if you will be able to buy in at those prices but if you are able to then power to you.....

The stock may not close at 6/7c, but it's definitely seen that price in the last little period. I think it's got support at 6c as there is where most people bought in when there was huge volume being traded.

Anyway, my point was there are many other stocks that aren't trading sideways - why put money into this one while its sitting stagnent ?

 

[tigerboi]

good luck getting back in at 6-7 cents,since that price they have announced a 2nd jv with bhp,expect news from wyloo dome,catho well iron ore projects soon also gun barrel jv with bhp drill reports,they have been rated here by a good judge of stock at 0.25 cents,so i think the price as is now is a bargain,with jvs with bhp(2)& fmg hard not to see its price heading north.

 

[kpas]

good luck getting back in at 6-7 cents,since that price they have announced a 2nd jv with bhp,expect news from wyloo dome,catho well iron ore projects soon also gun barrel jv with bhp drill reports,they have been rated here by a good judge of stock at 0.25 cents,so i think the price as is now is a bargain,with jvs with bhp(2)& fmg hard not to see its price heading north.

I think you are missing my point - I agree with you that CUL is a good stock and its good long term, but it's moving sideways at the moment, so I am reluctant to buy it now.

I could have bought CUL this morning or I could have bought CNF, I chose CNF because it looks like its going to break out.

Which it has.

I'll re-enter CUL, but I aint doing it at this price.

Anyway, I am sick of re-itterating the same **** over and over. Each to their own.

Cheers

 

[kpas]

I think you are missing my point - I agree with you that CUL is a good stock and its good long term, but it's moving sideways at the moment, so I am reluctant to buy it now.

I could have bought CUL this morning or I could have bought CNF, I chose CNF because it looks like its going to break out.

Which it has.

I'll re-enter CUL, but I aint doing it at this price.

Anyway, I am sick of re-itterating the same **** over and over. Each to their own.

Cheers

Okay, I'll stand corrected - I could not have guessed that they would announce yet another bloody JV today.

These guys are crazy with JVs.

 

[juw177]

kpas, what JV today?

And good to see you did well on CNF and whatever else stocks you get off YT, but you should make your own observations too before writing off a stock that has moved sideways for a week and suggesting an unrealistic entry price. If it is moving sideways, why would it move to 6c? That's not very sideways to me.

A more reaonsable plan will be to enter when it breaks out of 10c dont you think?

 

[tigerboi]

gave you the tip mate 8jvs etc,news any moment still can get in for a good price,isnt it good when you bring off a coup like that one!

 

[jtb]

Nice looking ann' too I thought- excellent images and graphics.
Just what the public like to see

Made me a bit toe'y actually- wide open skies and no one for miles.

(raining again - and cooped up in the house with kids)

 

[tigerboi]

yeah the ferrari of anns',very slick presentation for a small company,see what the annual report says tomorrow as well,all north from here,still lots of value there.

 

[sagitar]

Buyer interest is definitely returning to CUL, given the relatively large buys that went through and subsequent rise in volume over the last couple days. Anyone watching!?! Maybe a juicy announcement or two on there way? Finger's crossed.

 

[jtb]

Buyer interest is definitely returning to CUL, given the relatively large buys that went through and subsequent rise in volume over the last couple days. Anyone watching!?! Maybe a juicy announcement or two on there way? Finger's crossed.

Hey Sag' yeah I noticed that on Friday too.

API PFS is due out this month, so with a bit of luck it'll be this week

I posted the following a while ago on the HLX thread.
Keep an out for any mention of Kumina creek as you may have somewhere to put you CUL profits

Can anybody help me out in regard to my previous post concerning our new significant shareholder?
Have finally got my ASX link to function again today and after discovering that my #6 CUL shareholder is actually now the #1 CUL shareholder bar this difference-

Wythenshawe #6 CUL holder 2003/4
Wynthenshaw #1 CUL present



Have read all the CUL announcements from 2003 to try and find a 'ceasing to be significant shareholder' notice or similiar and didn't find anything, so I guess its one and the same company?

Anyhoo - considering the # of shares that CUL's executive director Mr Graham Hamilton holds, then HE is Wynthenshaw P/Ltd

So getting around to my HLX related point.

Crunching some numbers today in relation to the fellow API JV peers Red Hill Iron and Cullen Resources I see that HLX is getting very little love atm.

Hoping not to breach any YT copyright-

RHI
40 Million shares @ $2.30 = 92 mil MC
20% of 130MT @ 58.5% Fe = 15.79MT of Fe
EV = $5.82 Fe/T

CUL
475 M shares @ 10.5c = 49.8 mil MC
30% of 68MT @ 56% Fe = 11.4 MT of Fe
EV = $4.37 Fe/T *

*Considering RHI's cash position I think a $1.50 premium is fair enough

Now if we only look @ HLX's 'Kumina Creek' target and the conservatively stated >100 MT @ between 57% and 60% Fe.

HLX
114 M shares @ 21.5c = 24.5 mil MC
30% of 100MT @ 57% Fe = 17.1 MT of Fe
EV = $1.43 Fe/T

If we were to use CUL's implied value per ton then we arrive @ $74,727,000 or 65c per share.

In regard to the Au, if we halve someone like NAV's MC than

Conservatively its gotta be worth another 8 - 10c (as per our friends A1)

Reading between the lines after Mr CUL's recent 9,000,000 FPO gobble. I'm wondering if the API PFS due this quarter will contain the 'Kumina Creek' JORC of at least the dimensions used in my calc?

 

[tigerboi]

my guess is after researching wythenshaws history(just google) is they have increased their stake in the company,the connection i see is through red hill iron,which cullen has a jv with.it has started to get confusing by having 8 jv partners of 10 projects,myself i am hoping to hear some news about cullens new uranium tenements which is upto 26 now,i believe the quarterly activity report is coming out this week,hoping this post is ok this time/

 

[tigerboi]

cullen have updated their website containing news of newly granted tenements,jv partners reports,drilling,photos,new leases in w.a.,n.t.

 

[sagitar]

Hi Tigerboi, don't know if you saw the Annual Report, was out on Friday. Great overview although a lot to take in given the number of projects they have going.

 

[tigerboi]

Hi Tigerboi, don't know if you saw the Annual Report, was out on Friday. Great overview although a lot to take in given the number of projects they have going.

yeah sure did if you go to your other site you will see i posted info including newly released tenement licence numbers before the company did,dont forget the hannans reward jv news is due any moment.volume is there keep a look out for jv anns.