CUL 0.00% 0.5¢ cullen resources limited

Ann: Change in substantial holding, page-107

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  1. 3,400 Posts.
    Its a bit like a game of chess, make your move - Recent capital raising at .04

    .05 is a loss situation for most people so why sell at a loss?

    .06 and above is a safe opportunity because no one likes to take losses so why not pull your bids at .06 through .08 and wait for shareprice to move back up on fundamentals - - if the big shareholders like Perth Capital PTY who hold from some time have average buy price well over 2c
    they will want bigger returns so these levels are very safe IMO meaning that at entry point of .06 its a very safe buy entry price knowing other majors have averages much much higher

    cheers Schu
    Last edited by Schumacher: 24/07/15
 
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