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CUL - Cullen Resources

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Hi Jimminy,

thanks, can you please elaborate how these companies are linked?

Is it like each company is buying a stake in another company, like a secret investor/holding thingy?
 
I bought into CUL post the AQA placement and then into AQA ex-bonus and taken the ride on both

Been watching the other AQA JVs RHI, HLX closely and looking for the right buying opportunity.
 
imaginator said:
Hi Jimminy,

thanks, can you please elaborate how these companies are linked?

Is it like each company is buying a stake in another company, like a secret investor/holding thingy?
Click to expand...

Imaginator, there is a venture project called API (Australian Premium Iron)....if you go to the AQA website, there is a page that details API and what it is about.

Essentially they have acquired a certain % of Fe rights to the neighbouring tenements of RHI, HLX & CUL. These three still own a percentage of the iron ore rights themselves. i.e. Hlx retains 30%.

It is the two principals of API (aqa & amci) doing all the buying. The market has to try work out why. I have.
 
So Denis Clarke sell 2.7 million shares at about 12.5 cents.
Aqa buy at 10 cents and then top up at 14.5 cents.

What gives?

So Denis needs the cash as he is in debt?
Aqa are forcing him to sell and try and keep the price down here??

Aqa are trying for a takeover imo.
 
independent said:
Aqa are trying for a takeover imo.
Click to expand...
I'm not sure independant. CUL have numerous projects non fe/coal related so if AQA took them over they would have to go through a very detailed and resource intensive sell off of the non core assets.

Just check out the CUL top 10 targets for '08. Fe is just one of numerous projects they are working on.
 

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Denis Clarke has sold a few small parcels over the year, 880095 on 03/08/07 and 500000 on 07/08/07. Then there was 2000000 exercised on 26/11/07.
Balancing his portfolio I would say, there were a few corresponding transactions in AAR & TRY where he is also associated.

How ever looks to be making room for someone or something!!!
 
ok so Denis is just adjusting his portfolio....i can live with that.

But the side i am taking is Aquila's buying of over 81 million shares for a 14.6% stake......something has to be in the pipeline....

AQA would not be spending that kind of money in a speccie without reason!!

And yes max they have alot on the go which is excellent.
 
Hi all

How would this play out for CUL holders if AQA takeover. Not encountered this with any stocks I have.

Cheers
SG
 
Interesting development for CUL?

AMCI Investments have been building up holding since Oct 07 and are now over 5%

(Also have a large stake in HLX)

Maz
 
Must be an announcement coming very soon. Could be the breakout we've been waiting so long for... Any thoughts?
 
we may just be on the verge of a nice break out. Since CUL's last all time high of 19c back in August we have had AQA pouring about $8m into the company and AMCI become a major shareholder, not to mention advancements on projects, ie. cathro wells.

This could be a big year for CUL, it may just do what HLX did last year! hoping so anyway...
 
Ended the day at .175

On no news!!! There must be a substantial announcement due very shortly.

Every other recent CUL announcement has been in the middle of a major correction, this time it is standing up and surging ahead without an announcement.

Methinks the ASX may have an announcement for them in the way of a speeding ticket very shortly. The ASX have to maintain their revenue streams.

I think some very BIGS know something about CUL, but who am I to know.......


Excuse the grammar, on my way out in a hurry.
 
I was surprised to see CUL move that much; although the volume was decent, it was nowhere near as high as previous spikes we've seen. Today will be the test: will the daytraders come out in force again? If so, it could be an interesting ride..
 
Interesting buying action for CUL today - could be AQA picking up more ahead of a Catho Well update
or AMCI matching AQA's increased holding

in any event this stock is being steadily accumulated in this period of no news

i've only recently started looking at this forum and note that Young Trader's valuation at 15-25c was back in June 2007
that was pre uranium JV with Thunderlarra and the second JV with FMG and BHP
and the $7m from AQA

the cash, a potential resource upgrade, a 70% increase in iron ore price and a speccie premium for the further JVs should put the minimum valuation around 25c putting it around 120m market cap
 
Good point eddie, with MDX's run over the past 2 weeks, and especially since large buyers in RRR and Andrew tsang at it, CUL have there own large buyers shooting it out in AMCI and AQA. Could Cul replicate the run of MDX? hope so...

I'd be quite interesed to hear from Young Trader and his current thoughts on Cul given much has happened since last June.

cheers
 
Has anyone heard anything about up coming Cullen announcements or where they are currently at?

The SP has been very steady on much reduced turnover in recent times.

Duckman
 
I know little about gold drilling results and have been following this one from an iron ore point of view. just wondering if someone has any insight into the latest drilling results personally they dont look to me if there something to jump up and down about but, are these drill results showing any reason to keep watch.
 
Think the grades are pretty good actually(3m at 60g/t and at a reasonably shallow depth?) but from the announcement it says option to buy(agreement is already in place)so really should have had a more positive reaction,anyone else care to explain why the lack of interest
 

The sp of gold exploration coys with good news to the point of near production, just does not excite the sp. Both oil and gold have risen in value and are the havens in difficult times, but due to the economic climate, the investors are not moving.

I noticed on the map of the find Tindals, which probably is Tindals mining centre referred to by FML in their releases.

Cheers

DYOR
 
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