Buyers are fleeing.... sellers are massing in a big way. No support left!
The situation is people are waiting to see what happens next...
Boasteel and Aurizon hold about 100 mil shares they've inherited from Aquilla... Now Mt stuart is settled they may dump their shares at any time... what is $200G for these two giants and what do they need from a penny company?
Also, end of FY people would sell to balance the books with the Tax man...
I suppose Cullen friends and supporters are overloaded with this stock and would find it hard to top up even at these levels!
However, @ 0.1c I would buy more just in case management find away out of this stagnation and attract new players to the game....
It is beyond belief that no one would buy this established business for couple mil dollars and develop its excellent tenements and data basis... one can't buy a corner shop in Sydney for $1mil and here is a business with potential big bucks from royalties and prime real estate and it is left to become derelict at 1-2 $mil MC.
CUL Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
