CUL - Cullen Resources

[enigmatic]

Been watching Cullen Resources for the last few month. I havent been to surpised about the current increase in SP when you look at the Numerous projects that they have in there pipeline( please refer back a few pages). Cullen i think will have a rocky road for the next year or two. Until they get a few of there projects through the pipeline. But once that happens the future looks good.

Having AQA on board doesnt hurt. if they are interested then I'm interested.

 

[lioness]

Substantial notice out, they are buying more the greedy buggers!

All bodes well for a future lift off in the SP

 

[Mcgoo]

They're getting a firm foot in the door. The one I don't understand is why THX continue to not disclose results from their Tempest Survey run last year on the joint ground with CUL. Can't get a reply and the last time I spoke to them (~3mths ago), they were going to announce something soon - given it was meant to be announced last year, it's a bit odd. Probably nothing in it ....will hold & see how it all develops.

 

[lioness]

They're getting a firm foot in the door. The one I don't understand is why THX continue to not disclose results from their Tempest Survey run last year on the joint ground with CUL. Can't get a reply and the last time I spoke to them (~3mths ago), they were going to announce something soon - given it was meant to be announced last year, it's a bit odd. Probably nothing in it ....will hold & see how it all develops.

I just dont understand this stock, they have many many projects but seem to never advance on anything??

Too many hands in too many pies and they end up with nothing.

 

[alankew]

Any idea whats driving this this morning.Maybe the IO price hike,I have a few IO companies that are already on a run but there are some fair sized buys in this today and a few cross trades.Maybe they need to make a great ann like DMM to bring this run to an end

 

[J.B.Nimble]

So what do we think of today's announcement?

It looks like some pretty useful tungsten hits, all shallow,and along 500m of strike. It may just be the start of something worthwhile...?

The best part - it is a 100% CUL project and there can't be too many of those...

 

[J.B.Nimble]

I have been looking a bit more at those tungsten numbers. The hits were ranging between about 0.1% to just over 0.3%. By way of comparison, I came across this study comparing several active tungsten projectshttp://www.thormining.com.au/docs/downloads/08-05-26%20Thor%20BGF%20Equities%20Research.pdf

So, it would seem that other players with economic projects have average grades ranging from about 0.3 to 0.55% but with some fairly high strip ratios in there.

"Cullen regards the occurrence of broad, shallow zones of tungsten mineralisation at levels of ~0.1% to 0.3% at the Doyenwae Prospect as highly encouraging."
Early days at this stage, but I think I would agree with that statement...

 

[Dr.Stock]

Don`t get this
Anyone?

From steel guru
August 27, 2008

Wuhan Steel mulls Australian Aquila assets
The South China Morning Post reported that Wuhan Iron & Steel Group, a major iron and steel producer in China has showed interest in the proposed sale of iron ore asset by Aquila Resources, the fourth-largest Australian mining company by market capitalization

According to the report, the company had inked a confidentiality agreement with Aquila late last month, which enabled it to access the latter's financial data.

Mr Bai Fang spokesman for Wuhan Steel said he did not know about the matter, while the board secretary of the group's Shanghai-listed arm was not available for comment.

Aquila said on Wednesday last week it had assigned investment banks Citigroup and Macquarie to conduct a strategic review and had been involved in talks with several interested parties on the proposed sale, including Brazil's iron ore producer Vale and Swiss's coal, copper and nickel mining company Xstrata.

The company will release the detailed plan to its shareholders next month and wait for their votes.


and this from asx announcements 25/8/2008

AQA have increased their share holding and voting power rights from 15.78% to 16.9% in CUL

anybody????????

 

[Sean K]

Time to kick this old dog in the guts and see if it's got any fight left in it.

550m @ .037 is $20m with $5.8m in the bank, and interest in about a million projecta around Australia, as has been discussed well through the thread.

No new major development the past few months that I can tell.

Anyone still holding, or following?

As mentioned above API and AQA own quite a chuck of these. I've no idea of the latest with AQA and proposed sale of some of their IO assets and what this would mean for their JV.

Burning through 500K a quarter, or so, so their cash in the bank is going to hold them tight for some time and perhaps come out the other end.

A bottom at $0.03?

 

[nunthewiser]

WOW . havent looked at this pup in a long time .. thanks kennas


i used to get a bit of juice on these guys regarding forrestania area

from your chart it certainly looking like a prospective mover and shaker and will place back on watch and have a proper look later


cheers

 

[X888]

This one looks interesting again...

Bought in a few weeks ago, up already 50%... on decent volume..


This one has always been a favourite... some interesting packages going through last few days...

 

[X888]

25% on a million shares traded, not bad.


Opened at 4c closed at 5c.

CUL has always been a money maker for me.

 

[ahspritemk]

G'day,

Can anyone see any reasons as to explain the 13.6% jump?

The sudden increase seems to have only happened towards the end of the day. There are no new announcements. I find it suss, possibly someone saw the opportunity to inflate the price with minimal little input.

Cheers

 

[Boyou]

My guess would be a rumour of an imminent announcement sometime..maybe.

That's what is floating Cullen's boat at the moment.

I held onto my parcel and will ride the tides of fortune

Cheers Ya'll

 

[enigmatic]

Looks like Cullen is heading upwards quite quickly without news again. Haven't watched this one for ages however registered on my list of shares to look at today. I have seen Cullen run up quite heavily in the past before an announcement does anyone know of any that are in the wind.

 

[X888]

CUL up about 35% over 2 days....

Interesting on whats happening with Baosteel/AQA and how this is affecting CUL

 

[X888]

Article in AFR Monday 31/8, I think a take over of CUL from AQA is getting closer and closer. What do you guys think ?

 

[shinobi346]

Anyone else having trouble trying to bpay them . My online banking is reporting the biller code is invalid. hmm.

 

[shinobi346]

It's working now. I called them up and they said they didn't know what was wrong, but they could see it was having problems.

 

[enigmatic]

Not sure if there is anyone else out there watching this little iron ore junior, however i think this is one is positioned well to succeed in the future.

possibly the fact that there project is under the West Pilbara project and Cullen are playing such a small part compared to AMCI and Aquila with cullen resource only making up 5% of the overall deposit. however this is open for more exploration.

It is important to note that FMG will be trying to use the Anketell point Port which is part of the API Port.

With FMG starting exploration on the 08/09/2010 for the Wyloo project which is a JV with FMG/Cullen situated in FMG Western Hub

haven't been able to put a figure to the value to Cullen mainly because of the complexity of the Aquila project and the time factor.

But still an interesting company to watch