CULLEN RESOURCES LIMITED
ASX:CULMaterialsToday’s holders own 97.5% of what they think they own, once every option and right converts.
Runway under 2 quarters
Low because 5 of its 6 signals are quiet.
CULLEN RESOURCES LIMITED's latest share count is 693M as of August 2024, and no new share-issuance filings have been lodged since January 2024. The company has not raised capital through any placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 18M new shares, representing a 2.6% overhang; none of those options are in the money, and the nearest expiry is November 2026. The company's latest cash report is for the June 2026 quarter, but at the reported spend rate the reported cash would since have been used up, and no later cash report is on record, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 3
How much placement capacity does CUL have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does CUL have?
In its quarterly cash report for the quarter ended 30 June 2026, Cullen Resources reported $293k of cash and estimated 0.8 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do CUL's options expire?
Unexercised options and rights equal 2.6% of Cullen Resources's shares on issue; the nearest expiry is Nov 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 1 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 23 Aug 2024 | 2A · quoted issue | CUL : ORDINARY FULLY PAID | 693.4M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.006 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 18.0M (2.6% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CULAE | Options | Price-triggered | $0.014 | 30 Nov 2026 | 18.0M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.