CUL 8.70% 2.5¢ cullen resources limited

special mention

  1. 7,761 Posts.
    Around the Traps ... with THE FERRET
    08:28, Thursday, June 28, 2007

    Sydney - Thursday - June 28: (RWE Australian Business News) -

    With the sharemarket retreating at a rate of knots yesterday
    there was little call for the ASX speed police.
    However, they should pop the question to CULLEN RESOURCES (CUL).
    The shares shot up 2.5c to as high as 7.4c before closing at
    Turnover was almost 96 million shares out of a total issued
    capital of 474 million.
    Still, all the activity may have simply been a case of the
    market suddenly waking up to the stock.
    On May 16 the company announced that The West Pilbara - Mt
    Stuart Joint Venture (Australian Premium Iron Joint Venture 70 per cent
    and Cullen Resources 30 per cent) had an initial resource estimate for
    its Catho Well Channel iron deposit of 68 million tonnes at 55.38 per
    cent Fe.
    The shares rose from 4.4c to 5.8c in reaction to the

    ...... end copied text

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