CUL 0.00% 0.5¢ cullen resources limited

Ann: Quarterly Activities Report, page-5

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  1. 1,371 Posts.
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    Well CUL needs to raise more money soon....by selling shares to the sophisticated investors? They usually get them at a big discount... So if we battlers got them for 1.2c last month... they may pay 0.9c or even 0.8c...

    Those selling at 1c & 1.1c during the 1.2c Rights issue have succeeded in scaring off many potential RI participants, and now could scoop up the shortfall for a song..
    .As I said I'm waiting to top up at 0.9c or under.... Cul is a 3c stock but it's part of a sick aussie market. My resource and industrial portfolio is at GFC 2008 levels... if not for the banks and property i would be on Prozac.

    The good news is the Dow is over 17000 and flying again, the Japs went up 4.5% in one day the Nik is over 16000 ...unbelievable numbers... ASX still at the bottom struggling... But we'll get our turn.... it's only a matter of time before our pollies stimulate the economy... and China releases the brakes...

    bian, good to see you hanging on...
 
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