Ann: Change in substantial holding, page-35

Some scenarios to consider why the sudden interest in CUL and 27 million traded under the radar IMO

1) drill ready targets for AU and Ni at beginning June + (Mt Eureka Gold project)
2) West Pilbara - Iron Ore (Chinese intervention here?)
3) Farm out opportunities - buy out by major?????
4) Tech stock backdoor listing- Perfect in that CUL have assets to offload for cash if technology listing is companies future
5) Iron ore - CUL 30% Interest
NEW RESOURCE ‐ 161Mt @ 54.4% Fe March 2015 ‐ FS in progress
MT STUART IRON ORE JOINT VENTURE- Buyout or off take agreement by Chinese or other???

6) Ni and Au CUL 100% Interest (free carried until decision to mine DTM)

Baosteel‐Aurizon own 8.4% of Cullen; AMCI own 4.2% of Cullen- maybe they want more of their assets ?????

7) its not what you know but WHO you know !!!

regardless something is going on and I'm puzzled !!
Perhaps they have made a big gold discovery at Mt Eureka
NE YILGARN : FRONTIER GREENSTONE BELTS FOR GOLD AND NICKEL

Cheers Schu