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CUL 0.1¢

cul- green alert

  1. I wrote a few days ago my thoughts on cul- please see my detailed analysis earlier looking at the various properties and jvs that cul is involved with which can provide a lot of upside potential, particularly the nickle jv with wmc. Last week vol and rise must be indicating that we will be getting some positive news soon.

    Cul held the level of 5c very well despite the fact that, on the ASX query that it indicated at that time there was nothing matterial to report. If there wasnt any news to come, the stock should have fallen back to its original level on 3.5c but it has held up at 5c with reasonable vol.

    Of course it will move with sentiment towards gold as well but I think the movement is more associated with something specific to the company. So let see in the next few weeks if we get a further move up and an announcement. So at the moment it is still green alert up.

    Research yourself and see if you agree.

    Bigprofit

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