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CUL - Cullen Resources

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wllmtrish said:
Plenty of interest today in CUL even tho' its a down day. There must be good news close to hand as the buyers are on the large side.
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Not necessarly, as traders could be working this, also buyers may see this going further as see CUL's low of 15c as a buying op.
 
I posted this elsewhere.

----------------

Boys and girls

The way I see it, is we are all here to make $, and I also need to get this post off before my wife really gets annoyed!!

I don't ramp up or down, I just post what I think. I pester downrampers though as they thieve from the inexperienced I feel and that was blatant again today but i'm sure people saw through it

The next few days will show whether the balance of traders vs investors drives the sp up or down - I say up

For those who couldn't be bothered reading the announcement - it was really good.

If you wanted a "massive increase in resource" statement, then this wasn't for you, and you were a dumbrse if you expected otherwise, as every man and his dog stated it was the quarterly.

Now, I see it holding at this level if some of the shoortsighted traders exit, and investors/instos take up their shares equally.

If enough of the important people we want onboard read the ann today and tonight, I think we'll see CUL go over 20c in the next week based on the last quarter results, prospects they "Briefly" outlined and cashflow, and then of course the threat of more to come and being left out when it happens.

They have 1.8m in the bank and only 250k per quarter burn so doing fine

They have JVs with many of the big guys, many of which could be company makers - imagine if just one, or several did so - very likely, and what would that put the sp at?

At the close people were given the chance to sell it down big time, but it dodn't, it touched on 16c then was bought to 16.5c at the close.

Many, many orders went through today and yesterday at over 400,000 units on single orders.

We all make our own decisions, and mine is made to hold and reap the benefits.

As meerkat said, companies don't give away the big struff in quarterlies.

More to come, and bigger and better? Hmmmm, methinks so...

Cheers,
Wilson!

 
Well said Wilson! Here Here!!

I hold a few Cullen's..I have faith in the future of their Prospects.

Now go and do the dishes before the wife grabs you by the ear!
 
Pat said:
Looking for a 45% drop before I think about a re-entry LOL
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Looks like that time maybe here. I was a little surprised to see CUL drop so hard considering it gained in the past few days. Waiting on the sidelines, all this selling has me sitting on the fence. Anyone's thoughts on support at this stage? 10 cents I guess, then maybe 7 cents?
 
I hope not. I sold all my holdings today, but couldn't resist buying some CUL at .13 this arvo.
Thought the drop excessive for a company with so much potential.
Tommorow may see me but hopefully I will be.
 

I thought that 10c would have been tested well before today??

Amazed to see it hold like it has - Plenty of opportunity to take profits considering the recent warning signs.

Unreal
 
Sold @ .145
Markets too volatile for this beginner.
I am probably out too early but I'm happy with 15% for an overnight trade
 
jtb said:
I thought that 10c would have been tested well before today??

Amazed to see it hold like it has - Plenty of opportunity to take profits considering the recent warning signs.

Unreal
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Do you mean held above 10 cents well? It's been beaten badly from highs of 19 cents, went up just as fast though. I don't think we will see 10 cents, seems to be bouncing at 12 cents or so. No one wants to sell any lower? Sitting waiting watching.
 
No mate I thought it would sitting around 10-12c.

@ 19c we're talking 100mil market cap' and the best comparison stock I can think of would be HLX (varied interests, lots of dirt, near term Fe results, similiar cash situation, same JV partners etc).
So if we can call apples. apples- HLX should run to $1 before settling @ 60c (go HLX)

The only 'apparent' change for CUL (accept for YT's input) is an announcement on an aero' anomoly?
For a run from 5c to 19c...................

Still a bit hot for me, I want to see where it settles.
 
Have anyone gone through the report regarding this option to purchase the gold tenements in South Coolgardie? It wasnt mentioned at all in the Quarterly report last two days. I think it is new project in CUL. Anyone think this is good acquirement of CUL? Any thought on this extra projects?? Are we expecting some other JVs besides these ongoing JVs??
 
Anyone else curious why 4 directors would exercise all their options on the same day months early? CUL needed the cash for something? A rights issue on the way?
 
doctorj said:
Anyone else curious why 4 directors would exercise all their options on the same day months early? CUL needed the cash for something? A rights issue on the way?
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Well I notice that some exercised and then sold shares on mkt, opportunistic trading? who knows,

I don't think they need the cash for anything just yet as JV's are funding the projects, but thats just my thoughts
 
doctorj said:
Anyone else curious why 4 directors would exercise all their options on the same day months early? CUL needed the cash for something? A rights issue on the way?
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The appendix 3B on the 3rd Aug' stated conversion of i) 6,000,0000 & ii) 500,000 (max allowable ?) unlisted options for working capital.

So I assume there the same 6 mil'

The good Dr may have needed some spare change and just decided to keep the 2 million 4c options still up his sleeve?
 
Anyone willing to guess at a support level? This has fallen hard over the past couple of days. Hopefully it won't drop below 8c.
 
Duckman#72 said:
Anyone willing to guess at a support level? This has fallen hard over the past couple of days. Hopefully it won't drop below 8c.
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I've been on the sideline watching CUL over the last 6 weeks and haven't been able to read this one well enough to be confident to jump in .... it has amazed me in its SP movement and the volumes traded. I guess things are starting to settle down with CUL now and it seems to be coming back to earth on lower than previous volumes. However, I haven't been able to read this stock with any great confidence to date so i wouldn't be surprised to see it do the exact opposite to my thinking .......lol.
Seem to be a few stocks that i'm holding that are difficult to understand SP movement atm including FNT & RAU.....however, i'm in for the long haul
 
Duckman#72 said:
Anyone willing to guess at a support level? This has fallen hard over the past couple of days. Hopefully it won't drop below 8c.
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Yeah you'd hope 8c holds or 6c looks to be next
I hope 8 holds because it makes my HLX look good
 

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Looking at todays chart for CUL...does anyone else feel it may be at the start of a sideways trend? or is it too early to call?
 
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