An old Cullenite mate asked me why I am Wishy Washy with CUL?...

An old Cullenite mate asked me why I am Wishy Washy with CUL? And its Catho Well IO Asset?
Well;
The company has lost direction and was going no where ... SP been sliding from 2c to 0.2 c in a year..
It is a bad year for resources.... but many juniors are holding their ground by ways of diversity and innovation.
The iron ore deposit is still an Asset ... it has a depressed value at the moment but IO will turn the corner and prices will appreciate. That is how things work in commodities and property..

But in the mean time whilst waiting for the change to come ..you don't sit on your hands or keep putting hands out to suffering shareholders for more money... you get up and do things...
Take Helix resources for an example:
They have a good IO asset..(Yalleen) . like Cullen it is tied up with the API... But they managed to work out a deal with API and move on.... they've been very active and the market likes that... Their SP instead than sliding back from 2c to 0.2c have doubled to 4c and moving upwards..

Let us be clear... The WPIOP is an almighty good project that could bring prosperity to many if it is achieved ... But until the partners work out their differences and move forward it is in the clouds...

That is why, many investors get excited when companies do something different and go after new things like graphite... Lithiummm...etc... Bitcoin... or what ever. Yeah, Copper is good too... Go Matsa you little beauty...
Could only hope Cullen makes good decisions and gets lucky?

PS: From hundreds of stock I hold and traded, Cullen is the last one I am emotional about.. The other two went belly-up this year... Pharmnet (PNO) that I supported for years because I liked their Thermalife cream... and Newsat NWT... particularly when they were multimedia...I wanted satellite internet for my hobby farm in those days... please don't die on me Cullen... Money is not everything!