In few days we start a new financial year, and things are looking good for Cullen resources... The vibes from Killaloe gold field is getting better and those with their ears close to the ground are excited... Matsa MAT moved up more than 30% this week . Cullen with 20% interest in the project went backwards instead.
We really need the company to put out a strategy and a road map to move forward.. so many irons in the fire without benefits.
The first thing should be : Moving SP over the 1c threshold....
to attract recognition and investors interest.
If good news can't do the job, then a share consolidation should be considered.
However, I am confident, SP could move up when the lithium play gets moving in the Pilbara and in Finland. Nickle and Gold at Killaloe is another potential booster... even the iron ore deposit could come into play when the AIP finalises a plan with BCI iron and Min resources...
A business like Cullen with so many projects and JVs perhaps needs rejuvenation and a clear strategy for it to move forward and create value for long suffering shareholders.
I held shares in an unknown Gold explorer for years, AOU Auroch... I got in at 30c, but they went backwards all the way down to 5c... Last year I was tempted to dump the lot at 8c... but I gave them more time.... and bought more stock to average down.
Lately, they sold their Gold interest.. recapitalized and acquired a Lithium project in Tanzania (Hombolo) .. This week they put new people on the Board...and moving forward,, SP is 13c today... Same thing happened to MOZ... becoming VRC(Volt) one of my best investments.. These are 2 examples of recent rebirths... Cullen can do it to..
So let us get this Puppy moving..... 2017 should be the year of "Bad Boy Cullen " No more "Sweet Little Cullen"...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.160M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $2.5K | 500K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 5284292 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1014999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 183530 | 0.012 |
1 | 90820 | 0.011 |
1 | 99900 | 0.010 |
2 | 178000 | 0.009 |
1 | 1428714 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 45602 | 1 |
0.015 | 75598 | 1 |
0.016 | 80000 | 1 |
0.017 | 711750 | 1 |
0.018 | 267069 | 1 |
Last trade - 10.02am 22/11/2024 (20 minute delay) ? |
CUL (ASX) Chart |