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CUL - Cullen Resources

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Beautiful numbers this morning for all CUL holders of which I am not [as extracted from Commsec]

Code Bid Offer Last Change* Open High Low Volume News
CUL 0.145 0.150 0.150 +0.020 0.140 0.155 0.140 10,687,313

Market BUY Depth
Number Quantity Price
19 2,317,728 0.145
27 2,303,728 0.140
16 1,322,466 0.135
28 5,131,913 0.130
16 1,554,000 0.125
 
i am surprised there hasnt been anymore posts on cullen res,solid as all day with a good finish at 0.150,plenty more reports to come up to the 1st of nov,also there is an expectation in cullens 1/4ly report of big news possibly more joint ventures,like to hear what young trader has to say about the re-rating of cullen by the market...
 

I did PM young trader on the weekend for his thoughts on a re-rating of CUL. Fingers crossed he will be in touch.
 
So yesterday, the high was 15.5, anyone see that large order of over 2 million shares yesterday at 14.5 cents, midday? it knocked it out, and then it just went straight through 15 again. Surely that sort of investor would have reason to buy and this kind of stock could rise to over 20 cents in the short term?

I am glad I am a holder of this stock, particularly given the dow jones went up 100 points overnight
 
Agree there daaussie.
Glad I held this one. Grab a few more as well. Think the next week will be very nice.
 

Monday 1m buys at,0.120,0.125 x2,then the 0.125 went in at 0.130.I got in trouble once for giving a price target on cullen which will prove to be correct,holders should refrain from selling as there is new reports on the way,cullen have 26 uranium tenements without partners as yet so I am excited just waiting for this report to come through,YT where is ya mate???
 
finished the day at around 13c...taking a breather or did the CPI figures knock the wind out of the sails of punters. great run last few days.
 
countryboy said:
finished the day at around 13c...taking a breather or did the CPI figures knock the wind out of the sails of punters. great run last few days.
Click to expand...

The afternoon sell-off gave me an opportunity to get in at 13c. This is first time I've held and based on reports and research am optimistic about CUL's medium-long term prospects.
 
Two $million orders around 2.30pm filled. This can only be a good sign. CUL been a little flat over the past few days. Lets hope those good announcements are coming soon.
 
by George I have it! on down days CUL is up and on up days CUL is down, so all we need is for for the US markets to collapse tonight and all CUL holders will be heading North to Siberia for celebrations.

it is very interesting how tightly held stocks play against market movements for no forseeable reason from one day to the next. I am holding this one out of curiosity having read all the reasoning posts as to how spec stocks are valuated this one may prove to be still at the artificial insemination stage of conception.
 
You'll make a make a mint if you hold this one long enough. Hence, I've got a substantial holding in this one now. Looking back, wish I'd held onto stock like OXR when they were trading in the 10-30 cents range not that long ago. Give this one some time and it will blossom. The 'roots' are already evident, it's in a climate of opportunity with all their jv projects, and now just needs time to mature hopefully with continuing big discoveries along the way. The developing story is all in the quarterly report out today
 
OK2

The first step in AI is "grasping at straws", 2nd is warm brown arm
CUL has not gone up to a improved level of value , but with ongoing development work and the tie with strong JV partners this will happen. Just have to watch the cycle to bare fruit (or beef)

DYOR

Cheers
 
Some good reading in the quarterly report, there are quite a number of assays pending from various projects. I think the interesting ones will be the Wyloo Dome Iron Ore JV with FMG and the potential resource upgrade from the Catho Well Iron Ore deposit. Im happy to sit tight with my holdings and see what unfolds.
 
I agree, fundamentally, CUL looks to have great potential, but it's worth keeping an eye on technicals at the moment. Looks to have formed a bit of a pennant with the probable target between 19-21 cents. I would prefer the pennent to be an ascending triangle, but these formations on a break up, often prove true. Of course breaking down through 12 would negate this but 11 looks solid on the downside. The reducing volume on consolidation probably means accumulation.

(not holding, but may be on Monday)
 

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CUL seems to be sitting at .115. It seems to stay at this level even on down days. Whats next here? I am hoping the good news is nottoo far away
 
Looks as if there's a bit more interest coming back to CUL. Techically it's showing all the signs of recovery in sp. Several key announcements are also pending this month, so perhaps buyers are building in anticipation...
 

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not quite ready yet old mate,spent 14 days over the 25 ema then the last 7

under,12.8m buy vol. v 27.3m sell vol,so you want to see that reverse,yep

bit of buy action as i was expecting forestania drill results today(calender is

marked after speaking to hnr boss 6 weeks ago),the problem is cul has alot

of shares as you can see on the ema it cant seem to hold as high as we

all would like as yet,but that will happen once the big action starts with

fmg,thats the biggie to go with catho,cheers tb
 

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Hi Tigerboi, good to see you're still around. Your charts looks to be a day behind though - closed up today 13.6% to 12.5c (as you probably already know). Anyway, thanks for the info regarding HNR, I'll be watching their sp too as it may provide an early signal for CUL's movements. CUL will however need a higher volume day for confirmation of a proper breakout.
cheers mate
Sagitar
 
SHARE PLACEMENT: CULLEN RESOURCES LIMITED
Aquila Resources Limited (“Aquila” or “the Company”) is pleased to announce that it has
agreed to subscribe for 72 million ordinary fully paid shares in Cullen Resources Limited
(“Cullen”: ASX code – CUL) at a price of 10 cents each.
The shares will be held by the Company’s wholly-owned subsidiary Aquila Steel Pty Ltd
and comprise 15% of Cullen’s current share capital.
 
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