CUL
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16.7% 0.5¢ cullen resources limited

The current number of shares on issue is over 2 billion & the...

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  1. Scorpio11
    334 Posts.
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    19/10/17
    17:27
    Post #: 28040301
    The current number of shares on issue is over 2 billion & the current SP is 0.001 cents.
    The only way forward for CUL is a 50 for 1 consolidation, making the temporary SP = 5 cents. Followed by a CR @ say 4 cents.
    This would only work if prior to this move, they promptly did some extensive drilling & found something worthwhile.
    Otherwise we would very quickly head back down to a SP of 0.001 cents again and be 10 times worse off than we are now.
    I am not holding my breath on this one.

    PS. Good to see the reduction in board members but IMHO too little too late. Cheers.
    CUL Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
0.5¢ 		Change
-0.001(16.7%) 		Mkt cap ! $4.160M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $491 98.25K

Buyers (Bids)

No. Vol. Price($)
3 2336285 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 2947153 5
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Last trade - 13.19pm 27/09/2024 (20 minute delay) ?
CUL (ASX) Chart
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