CUL 0.00% 0.5¢ cullen resources limited

Ann: Quarterly Cashflow Report-CUL.AX, page-4

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  1. 3,620 Posts.
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    On my reading they plan to spend $255k this quarter. Not much change left over from $281k. But if the permits come before end of June sp could be ripe for a CR hopefully well over your .2c or .3c guesstimates. They'll need cash to go forward, that's for sure. So I reckon they've timed this right wrt approvals and cash burn. I also reckon the lithium targets are premium on the high potential scale - that's just my gut feel. But there was serious buying a few weeks ago with over 240m share changing hands in just a few short days. Yesterday 4c got dumped into and this morning the 4c bids are back in the 10m range. Something's brewing. All imo.
 
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