I know this stock very well,aqa want all the fe to themselves as they know what they got now & if you have a look at the area from memory there is a north west part they havent drilled yet,aqa sell!!you are having a serious tug..for a lousy 30% christ they will get a squillion more than that,in fact i said at the start of the year CUL would not see 2008 out as i expect aqa to take the rest of cul,the first buy in is a blocking stake,then they drill up more of the ground this year & cbw.crash-bang wallop aqa will make their move id say around september-october.see what aqa did was mark their territory in cul to ward off others,dont forget cul have a jv with fmg out at brockman(this project will have about 3 times the aqa area),from memory again my estimation was about 400mt of fe all told for CUL,so on the weakness i would expect aqa to by more...lt
CUL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
