CUL 0.00% 0.8¢ cullen resources limited

CUL - Expect new highs

  1. 850 Posts.
    G'day,

    With today's close of 4.4 cents I expect new highs in next day or two. CUL closed on its 2 year high of 4.6 cents on big volume on Monday and consolidation over has seen it close at 4.4 cents for 3 days in a row. If it had fallen today it would have meant consolidation would take longer.

    I am quite excited about its 3 -5 year chart. A close above 4.6 cents IMO could see a doubling.

    I would imagine this is too do with its new tenaments which went through 4 years of native title red tape. I am not sure when drilling results are due.

    CUL also sold interests in russian gold mine in recent months leaving it in a strong cash position. It also has a close relationship with WMC with joint operations in WA.

    All in all, after the large gold companies share prices rise, inevitably although later comes the rise in the smaller more speculative plays.

    There is my two bobs worth and my punt int he current market.



    Good luck and happy days!
 
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Last trade - 16.12pm 06/04/2020 (20 minute delay) ?
CUL (ASX) Chart
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