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CUL - Cullen Resources

Joined
26 April 2006
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Anyone watching this one? Cullen have a 50:50 Joint venture with HNR and HNR's market cap is 28 million whereas Cullens is just under 19 million. Cullen also have some other good projects on the cards.
 
Cullen looks comparatively undervalued. Should they strike nickel, this stock has the potential to move quickly. I don't have any CUL at present, but am watching it very carefully. As always, do your own researchbefore buying / selling.
 
Does anyone know anything about these guys? Big volume last couple of days and a nice move.
 
Well from what I've quickly read before buying this morning, they have a JV with THX and something with HNR they also released an announcement on the 6th March 2007 regarding Uranium tenemants in W.A and S.A

Sorry I haven't worked out how to post announcements yet.
 
I just got on. I think this story is similar to BLR with creative JV's and an undervalued SP
 
me too, booked .035 when open was .036, but went to 041 before I bothered to look - not to worry. Article in paper yesterday referred to it as a lotto ticket with lots of JVs with big-pocket partners incl BHP. Although it has run for quite a few years, never going anywhere in particular, apart from a 15 c spike in 2001 - Anyway, a fun one with some great possibilities
 
CUL has its feet in many waters (nickel, iron ore, gold etc). Its now getting more involved in the uranium game. I read the article in the Weekend Australian with interest. I'm keeping an eye on this one.
DYOR
 
greggy - yeah, it does have a finger in a lot of pies, any of which may turn out a treat, but think the reference to a few U tenements, while no idea of their prospects/relevance, is probably the spur for some interest at the mo.

Should be fun to watch anyway - always wanted to buy something for a few cents and see what is does. Won't be too shattered if it what it does is dick around for another 5 years...but someone usually wins lotto don't they?

It is interesting that such a small mob can attract so many different big players to spend money looking for stuff - have done nil research, but presume they happen to have the rights to various good prospective ground just not the money to drill them. The fact the big guys see them as worth spending their own money on and the consequent increased exploration rate increases the chance of CUL's "numbers coming up". One Saturday night might be big...
 
CUL has been a survivor for a long time. I agree that the U tenements are helping its share price. I've traded in and out of this stock from time to time. At present I'm on the sidelines.
DYOR
 
greggy said:
CUL has been a survivor for a long time. I agree that the U tenements are helping its share price. I've traded in and out of this stock from time to time. At present I'm on the sidelines.
DYOR

Chart pattern looks very interesting on this one. Looks very bullish, good buying at lows for to-day at 3.6 (very few available at 3.5).
 
Now well bid at 3.8. we should see 4 very soon. Will be interesting to see if the larger offering at 4.0 and 4.1 gets promptly chomped.
 
More interest again yesterday, high of 4.3, 4.2 at the close. Volume has picked up over the last couple of days though seems to be a lot of small trades - <$10k. Wonder if it's made a tip sheet somewhere or a smallish broker is loading up his clients.
 
Up to 5c from 4.3 last night and 14m traded and orders getting larger. No announcements so can't see why the urgency today. Anyone heard any whispers?
 
Seems to slow down its momentum after a rush few weeks ago. Is it good entry at current SP >> 0.051. Good prospect in U. What do you guys think about this company? Anybody?
 
CUL currently holding a lot of exploration licences for Uranium in NT,WA,SA. It also has heaps of JV with other big companies. But the SP is only 0.05. Does that mean it is seriously undervalued? What will the expecting result from the Catho Well channel (Iron) do to the SP? Currently on the downtread after hitting new high at 0.065. But the fast stoich showing convergence and probably will have a reverse upturn. Anyone would like to comment on the prospect of this company??
 
Good news just got out. JV with HNR (0.76). But the SP seems to staying under 5 cents today. Many more JV coming out soon with good result i guess. Hope the SP will shows its true colour. I think CUL is heavily undervalued. They have so many JV with big companies and I m looking forward to a huge surge in their SP!!
 
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