CUL 20.0% 0.6¢ cullen resources limited

more big buyers, page-29

  1. 189 Posts.


    The think trust at AQA have bought 15% of CUL for for $7 million,not bad business, well really it is day light robbery.

    On that reckoning CULS share at C/Wells is considerably less than $40 million.

    AGO (ATLAS IRON) are working on $20 a ton profit from their DSO deposits , I know AGO are closer to the ports but as we speak price negotiation for iron ore are on going with 25/30% being branded around, without any upgrades or price increases CULS profits would be just on half a billion dollars ,
    ($20* 22000000)
    And their upgrades could be doubled or trippled

    IMO AQA are hopeing to to get the rest of C/WELL for a pittance .

    As it stands now if AQA do nothing they have made 5 cents a share = $3.5 million not bad for a couple of weeks work but why on earth would they on settle for a slice of the cake when they can have the whole cake for sweet F A

    I understand this is what CUL do best find it and get somebody to develop it , even so it is still undervalued and the S/P is no way near reflecting its real value .
    How much you tell me ?.
 
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