CUL - Cullen Resources

JJKools · 9 March 2008

Yep i spoke to Chris back before christmas and he seemed anything but negative. He seemed fairly up beat in regards to there Gold and uranium assets and obviously agreed that Cathro was there most advanced project to date. Looking back not much was discussed about Cathro, but from memory all seemed fairly positive, hence why im happy holding. This is more of a long term play. i definately agree that a better outcome from the upgrade would have been nice, but looking at the maps as moxy pointed out, there could still be more to come.

The upside side is that we 2 jv's with FMG, BHP and a stack of pending announcements to come from these and uranium and gold projects. IMO, plenty of upside to come, and remember that cathro is just one asset amongst many and with YT's evaluation of around at 25cents alone on cathro wells this makes very attractive buying at current levels..

Alt78 · 9 March 2008

Why have AQA/CUL not drilled, or provided results (if they did drill), for the Cardo Bore area which is one of CUL's tenements? AQA'a announcement states that Cardo Bore North and East (RH JV) could provide a total of 50MT at approx 57-58% Fe, are these values not enough of an incentive to drill a couple of holes in the Cardo Bore itself? Maybe these results are coming out at the end of the month......?? Any thoughts....

YOUNG TRADER, I have been trying to do some calcs myself but I am having trouble finding a reference for the price of iron per tonne, do you have a reference for the $10/tonne value that you are using in your calcs?

YOUNG_TRADER · 10 March 2008

Hi Alt78,

The figure I use is an EV or Enterprise Value,

EV's are different for all commodities, for example on Oil an appropriate EV is $20-$25bl

For gold $50/oz

For Iron Ore its $10/t, anything priced at or close to $10/t is getting fully valued,

Thus at $5/t CUL could double before it reached its current full value based on Mt Stuart alone,

Read broker reports and research reports, what are the experts saying?

scuffler · 10 March 2008

moxy said:
Hi Scuffler
Can you elaborate on your conversation with Ringrose...what was he negetive about in particular. I'm very nervous about holding this stock and feel very unsure about the possibilities for further upside. If anyone thinks CUL is still a good investment please feel free to elaborate on your knowledge of their tenements.

I spoke to him a few months back. I think he has a Scottish voice from memory.
I asked him about Catho well upgrade and that I held a "substantial holding".

He thought I was a little mad and hoped I wasnt hoping to make a mint for my super....
I also asked why the chairman was selling shares and I thought this was sending the wrong message out to shareholders like me......I.E why should i invest my hard earned into a company where the chairman is taking his out!!!
I felt all was negative and after the call I started to offload.
I held some back because I knew an upgrade was coming but I had hoped for bigger.

I think it has a future but at a slow rate knots.......not for me as there are better out there imo where the PR guys make you feel welcome!!!!!

eddie lives · 11 March 2008

hi scuffler, i agree that the future may be slow for CUL in comparison to stocks like MDX but the limited downside with AQA buying at the current levels is keeping me in this stock
so, on a balance of up and downsides - IMO it's a hold

moxy · 12 March 2008

Hi Scuffler

Thanks for the context of the conversation...just have to wait and see how things pan out for CUL.

scuffler · 13 March 2008

Hi guys.

So far looks like i made the right decision on ditching.

Under 10 cents now, very sad.

I would imagine the ones that held on and didnt sell like me are now twitching.

Bigger players may take it down further to clear the plebs i.e us out.

AQA could end up with CUL for bugger all.

And you know what...in this market you can do ntg about it!

Same is whats happening with GGY!!
I like them also but i fear the small players will be squeezed.

Hope i am wrong,.

speak later.:headshake:headshake:headshake

X888 · 13 March 2008

market sentiment, everything is undervalued...

I wouldn't panic, sure if your in for the short term then yeah leave...

But long term just hold on.

Nobby weren't you the one over at HC ramping this one ?

scuffler · 13 March 2008

X888 said:
market sentiment, everything is undervalued...

I wouldn't panic, sure if your in for the short term then yeah leave...

But long term just hold on.

Nobby weren't you the one over at HC ramping this one ?

yes.from around 5 cents.
But i no longer post there due to a fall out with the h.c big wigs!!
But regarding CUL read my previous posts. I dont lie..infact if you dont think i am telling the truth, maybe someone else phone chris ringrose and tell him how many you own...lol

When i asked about AQA's stake he just said it was a hedge bet incase Catho well was huge.
Yes its big but maybe not as big as they had thought???
I have just lost patience with this one.
I may re-enter on future results but with the chairman selling and chris not exactly being PR of the year i no longer hold.

"take that Mr Ringrose.":whip

Mcgoo · 13 March 2008

I'm hoping there will be some good news soon, possibly from Thundelarra since they have held and gained when most have lost ground over the last couple of days. Have held these for a long time based on the value in the Gunbarrel ground with then WMC years ago and still have some confidence in their future. Even news on that front is thin these days. But still agree with the view that they are undervalued and do have their finger in a lot of pies.

Duckman#72 · 13 March 2008

scuffler said:
So far looks like i made the right decision on ditching.

I would imagine the ones that held on and didnt sell like me are now twitching.

Famous last words:

I can remember thinking the same thing when selling FMG at $45, Incitec at $66, Zinifex at $7 etc, etc, etc.

Those type of comments can come back to bite - and sometimes hard. (I'm hoping so)

scuffler · 14 March 2008

Duckman#72 said:
Famous last words:

I can remember thinking the same thing when selling FMG at $45, Incitec at $66, Zinifex at $7 etc, etc, etc.

Those type of comments can come back to bite - and sometimes hard. (I'm hoping so)

LOL....you cant be serious when u mention FMG on the CUL thread.
I never said i wouldnt buy back in.....but so far i have saved myself alot of money!

I will only buy back on good results.

As i said before the really easy money was made months back at 5 cents and under.

Just because AQA and AMCI are buying at 10-14 doesnt mean anything right now.

Look at GGY....KZL bought at 17 cents!!! Now trading at 9 cents.
As i say i wont knock anyone holding.....

Gecko1 · 14 March 2008

Making a judgement call on one's holdings based on the Catho Well result alone,and not considering the 2 JV's with FMG, and 1 with BHP, Red Hill,Thundelarra, Minataur, and Hannons reward, etc,etc.... lets wait till these tenaments are explored and see what resource they all have, and then one can say whether CUL is worth holding or not.... I knew someone who Held Paladin years ago and did not have patience and dumped them when they were in their teens... he's still kicking himself today...

... Logical dictates that one holds the cards until we see more results across the board; in light of the sunbstantial JV's with good partnerships, i'll be taking a calculated risk and top up whilst their down. What did Warren Buffet once say... buy whilst everyone else sells.. in this i agree and wil be a contrarian.

Just my opinion,do your own research

YOUNG_TRADER · 17 March 2008

YOUNG_TRADER said:
I reckon either AQA or AMCI were snapping up the bargain today, we'll know next week

Well it was AMCI they have bought another 9m @ 11c-12c

and they're still only at 8.8% another 11.1% to go guys!!!!!

So the stock should fund support buying from AMCI and AQA around 10c-12c

scuffler · 18 March 2008

YOUNG_TRADER said:
Well it was AMCI they have bought another 9m @ 11c-12c

and they're still only at 8.8% another 11.1% to go guys!!!!!

So the stock should fund support buying from AMCI and AQA around 10c-12c

So please tell me what its all about then?
When i asked Chris about AQA's interest all he said it was them just hedging their bets...ntg more.

AMCI have a great relationship with AQA right? cough cough

Not sure where its heading in these markets anyway. It would have to be something fantastic to get it going.
I dont see it.Not anytime soon anyway.

I am not complaining....thru these tough few months my money has not gone down any...lol

Weird stock...weird management if u ask me.

good night.

scuffler · 18 March 2008

Gecko1 said:
Making a judgement call on one's holdings based on the Catho Well result alone,and not considering the 2 JV's with FMG, and 1 with BHP, Red Hill,Thundelarra, Minataur, and Hannons reward, etc,etc.... lets wait till these tenaments are explored and see what resource they all have, and then one can say whether CUL is worth holding or not.... I knew someone who Held Paladin years ago and did not have patience and dumped them when they were in their teens... he's still kicking himself today...

... Logical dictates that one holds the cards until we see more results across the board; in light of the sunbstantial JV's with good partnerships, i'll be taking a calculated risk and top up whilst their down. What did Warren Buffet once say... buy whilst everyone else sells.. in this i agree and wil be a contrarian.

Just my opinion,do your own research

yes but regarding PDN that was in a differnet market to this one!!!
And besides...whats to stop anyone buying on any good announcement if it looks the goods???
Dont think it will open up 10 20 points higher...those days are long gone brother!

Duckman#72 · 18 March 2008

scuffler said:
So please tell me what its all about then?
When i asked Chris about AQA's interest all he said it was them just hedging their bets...ntg more.

AMCI have a great relationship with AQA right? cough cough

Not sure where its heading in these markets anyway. It would have to be something fantastic to get it going.
I dont see it.Not anytime soon anyway.

I am not complaining....thru these tough few months my money has not gone down any...lol

Weird stock...weird management if u ask me.

good night.

Hi Scuffler

Please understand that although you are now extremely tight with Cullen management on the basis of your telephone call, others might not see things as clearly.

But don't hold it against them - they are just jealous. Think about it......a shareholder rings up, speaks to the Chris Ringrose, and through a bizarre discussion manages to astutely identify a negative vibe surrounding the future of the company. Surely Chris would have filled you in on all potential deals.

Why are not more people selling? Keep up the good work, I particularly love posters who tell me how well they've done and how much money they've made...lol

Duckman

Gecko1 · 20 March 2008

scuffler said:
yes but regarding PDN that was in a differnet market to this one!!!
And besides...whats to stop anyone buying on any good announcement if it looks the goods???
Dont think it will open up 10 20 points higher...those days are long gone brother!

I'm talking about a 7 year plan, if one does not need the cash, and one can afford to stash it away for that long, with its tenaments and strategic jv partnerships, chances of probability are that it will come up trumps.I'm putting my money where my mouth is and will be holding long. But Scuffler/Knobby-clark, you sound like a short-term trader to me, so your comments should be taken within that context.

It's fair enough though; you might be a short term trader, but i'm a long-term value investor, so our strategies differ. For CUL at the monent, this is a bargain for a long-term investor. But if you like short-term trading,maybe you should go to the EGO or FDL thread.

scuffler · 26 March 2008

Gecko1 said:
I'm talking about a 7 year plan, if one does not need the cash, and one can afford to stash it away for that long, with its tenaments and strategic jv partnerships, chances of probability are that it will come up trumps.I'm putting my money where my mouth is and will be holding long. But Scuffler/Knobby-clark, you sound like a short-term trader to me, so your comments should be taken within that context.

It's fair enough though; you might be a short term trader, but i'm a long-term value investor, so our strategies differ. For CUL at the monent, this is a bargain for a long-term investor. But if you like short-term trading,maybe you should go to the EGO or FDL thread.

7 year plan.....well u have more time than me,lol.
7 months to a year is about my time frame.

Looks like a bit of buying this morning.
Always on my watchlist.

Even with a good announcement you can get on the back of a ride if need be.

As i said i cant complain with CUL ...made 6 figure profits with this one,lmao.

enjoy.

scuffler · 26 March 2008

scuffler said:
7 year plan.....well u have more time than me,lol.
7 months to a year is about my time frame.

Looks like a bit of buying this morning.
Always on my watchlist.

Even with a good announcement you can get on the back of a ride if need be.

As i said i cant complain with CUL ...made 6 figure profits with this one,lmao.

enjoy.

couldnt resist a few this morning after the interest.
With AMCI's interest in RHI today.... I thought i'd better grab a few for entertainments sake,lol.

CUL - Cullen Resources

Gecko1

Gecko1

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