daytrading feb 3 morning, page-127

There has been a bot operating on CUE for several months now doing everything possible to keep the price down so he can accumulate. Normal pattern is to sell down a small parcel in the closing auction.

Only problem he has is there is very little sell depth to work over the price.

The SP is still advancing and any sniff of positive news will push this forward quickly.

Dont lose sight of the big price which is a drill of the WA coast with Woodside in the second quarter. CUE has 35% free carry.

CUE has a 40% stake in the two wells currently being drilled in Indonesia but they are chicken feed compared to the WA drill.

Wortel production has just commenced, see most recent news release.

They have about $50 million in the back to fund operatons and take the company to the next level.

This company has been under the radar but with new production and a promising drill program in 2012 its got the potential for lots of upside with limited downside risk.

Go and read some of the recent presentations.

Good luck.

JW

Disclosure - I hold lots of CUE.