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CLUFF MINING - strong gold-mining prospects ?????? (CLF)     

soul traders - 22 May 2006 16:33


28th April 2006:

UK smallcap opening - Cluff Gold sparkles on Investors Chronicle tip
LONDON (AFX) - Investors Chronicle 'buy' advice put the sparkle in Cluff Gold,
4-1/2 pence better at 78.5p

I must be crazy, trying to draw attention to a gold-mining stock in the midst of the current sell-off, but for what it's worth, this one could have decent prospects. "Shares" Magazine of 18th May 2006 also gave this stock a favourable comment in its review of all AIM shares.

Financially speaking, CLF is in a strong position, having raised 15 million in a placing in April. They have numerous prospects in their portfolio and attributable resources of 1 million ounces gold.

IN NO WAY am I suggesting that now is the right time to buy; rather it may be worth adding to a watchlist and looking out for as a potential resident of the bargain basement once the markets even out a little.

Without further ado, here's a nice chart and the AGM statement, released 18th May 2006. Comments, brickbats and plaudits are welcome, as ever.


Chart.aspx?Provider=EODIntra&Code=CLF&Si


Cluff Gold PLC - AGM Statement
RNS Number:1695D
Cluff Gold PLC
18 May 2006


Cluff Gold Plc (the 'Company')

AGM Statement


At the Company's AGM, to be held today at 10.00am at the offices of Maclay
Murray & Spens, 1 London Wall, London EC2Y 5AB, the Chairman and Chief Executive
Mr J G Cluff will be making the following statement:

'Ladies and gentlemen, it is fair to say that, operationally speaking, your
Company has progressed satisfactorily during the past twelve months adding
significant value in particular at the Baomahun project in Sierra Leone and at
the Angovia project in the Ivory Coast.

I must also mention the fund raising sponsored by BMO Nesbitt Burns which has
added approximately 15 million to our treasury, providing us with a strong
balance sheet and enabling us to advance two of our projects towards production,
whilst continuing an aggressive exploration programme elsewhere. I should add
that the larger proportion of the placing was taken by new North American
investors, mostly specialist mining funds. Their support and that of Nesbitt
Burns followed the commissioning, by Nesbitt Burns, of a due diligence exercise
into the Company conducted by the Toronto based Kilpatrick and Associates.
Amongst other comments Kilpatrick averred that Baomahun should evolve into a
multi million ounce orebody. This is very much the view of our technical staff
and it is our objective to validate that assertion during the current drilling
campaign, which will continue throughout the remainder of this year.

Two of our non-executive directors, Edward Haslam and Bobby Danchin, have
returned from a visit to Baomahun and to Angovia this week and it is their
dispassionate view that Baomahun is indeed evolving into a substantial orebody.
We will be announcing regular drilling results from hereon. This morning I can
report on the ongoing trenching programme which continues to yield notable
results such as 47m @ 1.41 g/t AU (including 8m @ 4.76 g/t) in trench 26; 11m @
3.58 g/t AU in trench 29; 50m @ 1.52 g/t AU in trench 30 and 29m @ 1.14 g/t AU
in trench 32. The importance of these results is that they suggest the possible
linking of the Western and Central zones into one structure whose strike extent
could be more than two kilometres. In comparison, the current resource of
518,000 ounces is hosted in structures with a combined strike of 700 metres. Our
previous drilling programmes were conducted to a vertical depth of up to 150
metres and at present the mineralisation is still open at depth and along
strike. Accordingly, the present campaign provides for further evaluation of
the orebodies to a vertical depth of 250 metres, as well as along strike below
the encouraging trenching results that we are encountering in our ongoing
trenching programme. We will soon be in a position to announce the results of
the first assays from this multifaceted exploration programme.

The Baomahun project is already the largest gold project in Sierra Leone and I
am glad that I can assure you of the sound relationship we have developed with
the ministry of mines, and in particular with the minister, who is himself a
mining man, having trained at the Camborne School Of Mines, whom I have known
for twenty-five years. I firmly believe that any difficulties which we may
encounter in Sierra Leone will derive not from political instability but rather
from damaged infrastructure. This has not impeded our activities to date but we
foresee challenges in securing power generation commensurate with the scale of
the project we envisage.

I turn now to Angovia, a gold mine in the Ivory Coast which was in operation
between 1998 and 2003 and is located on our 534 sq km exploration licence. We
are acquiring from the Ivorian state mining company, for a sum equivalent to
approximately $200,000, assets which include a significant part of the plant,
all of the housing and other facilities. We are presently undertaking a resource
definition drilling programme which is planned to be completed during the next
three months and which we hope will enable us to optimise the development of the
oxide material currently estimated at between 200,000 and 300,000 ounces. By
reason of our acquisition of much of the plant we would anticipate development
costs under $10 million which we expect to fund without recourse to the banks
for project finance. The project's returns should therefore be eminently
satisfactory. In addition to the oxide resource potential there is a 500,000
ounce sulphide resource potential as previously announced. This resource
potential is open along strike and at depth. We can therefore anticipate a
sustained level of production from that operation. The political circumstances
of the country have been complex for the past two years. It is now clear that
the situation has stabilised and the de facto division of the country into two
halves, the legitimate government in the south and the rebellious factions in
the north, could well be resolved by national elections presently being planned.
From our point of view, we judge that there is presently no consideration that
will deter us from proceeding to mine our deposits.

Moving now to Burkina Faso and the Kalsaka deposit. The reserves there have been
recalculated by RSG Consultants and are estimated to be over 300,000 ounces. The
project has a resource of approximately 600,000 ounces together with 150,000
ounces at our nearby Yako prospect. In addition there are four identified drill
targets, which have been drill tested in the past with positive results, at
Kalsaka. The combination, therefore, of this level of ounces, complemented by
the significant increase in the gold price, have led your Board to determine to
proceed with the development of the project which is expected to yield in the
region of 60,000 ounces per annum. We are now in the process of arranging
project finance with our bankers, RMB Resources Limited. Politically speaking
Burkina Faso remains stable.

Our remaining project is an exploration licence in Mali on which we shall
commence drilling towards the end of the year.

The emerging markets and the commodity markets have this week been assailed by
severe turbulence. One can only be philosophical about this and conclude that
it creates an attractive environment for a potential investment opportunity in
the Company.'


For further information, please contact:

Cluff Gold Parkgreen Communications
J.G. Cluff Cathy Malins / Annabel Leather
Tel: +44 (0) 20 7340 9790 Tel: +44 (0) 20 7493 3713







goldfinger - 04 Sep 2012 16:54 - 136 of 186

WOW that finished well.

HARRYCAT - 04 Sep 2012 17:24 - 137 of 186

Not sure that is the 'wow' factor yet! I want another 10p at least, please! 85p my target and then will reassess.

goldfinger - 04 Sep 2012 19:51 - 138 of 186

Yep was wanting 100p plus myself. Cant get greedy though.

Harry check the ohlc chart, breakout from a pennant pattern.

goldfinger - 07 Sep 2012 10:48 - 139 of 186

Cluff Gold

Broker SP targets....

Cluff Gold Broker Views

Date Broker Recommendation Price Old target price New target price Notes

24 Aug Westhouse Securities Strong Buy 74.38 117.00 112.00 Retains
16 Aug WH Ireland Securities Buy 74.38 101.00 90.00 Reiterates
15 Aug Seymour Pierce Buy 74.38 136.00 136.00 Reiterates

Norwich And Peterborough B Society.

goldfinger - 07 Sep 2012 14:41 - 140 of 186

Paul Kavanagh ‏@KavanaghKillik

Probability of QE3 next week above 50% ....Goldman

HARRYCAT - 10 Sep 2012 09:48 - 141 of 186

Chart.aspx?Provider=EODIntra&Code=CLF&Si

Looking good.

goldfinger - 10 Sep 2012 10:08 - 142 of 186

Ahhh broken that resistance at 75p. Fingers crossed.

Shortie - 10 Sep 2012 10:13 - 143 of 186

Fingers crossed indeed if it doesn't stall at 85p, this is where I'm expecting heavy resistance.

goldfinger - 10 Sep 2012 10:43 - 144 of 186

Line from March to May Yep. good point.

Is a lot of news though forecast for CLF so if its good we should blast through the resistance at 85p.

Shortie - 10 Sep 2012 16:51 - 145 of 186

Lets see if momentum holds up first GF, I'd love to see this one 'blasting' through 85p however I anticipate strong resistance here. Lets hope for positive news to maintain traction. With a bit of luck we're be selling before Christmas with a very nice profit in hand.

goldfinger - 10 Sep 2012 18:46 - 146 of 186

Yep "Lets get Shortie"......... wink........ mate.

riviera1069 - 10 Sep 2012 18:52 - 147 of 186

Holding(s) in Company
FOR: Cluff Gold PLC

AIM SYMBOL: CLF
TSX SYMBOL: CFG
September 10, 2012

Cluff Gold: Holdings in Company

LONDON, UNITED KINGDOM--(Marketwire - Sept. 10, 2012) - Cluff Gold PLC (AIM:CLF)(TSX:CFG) -

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)

1. Identity of the issuer or the Cluff Gold PLC
underlying issuer of existing shares to which voting rights are attached:(ii)

2 Reason for the notification (please tick the appropriate box or
boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the Libra Advisors, LLC
notification obligation:(iii)
4. Full name of shareholder(s) (if Libra Fund, LP
different from 3.):(iv) Libra Offshore Master Fund, LP
5. Date of the transaction and date on September 7, 2012
which the threshold is crossed or
reached:(v)
6. Date on which issuer notified: September 10, 2012
7. Threshold(s) that is/are crossed or
reached:(vi, vii)
8. Notified details:
A Voting rights attached to shares(viii, ix)
Class/ Situation previous Resulting situation after the triggering
type of to the triggering transaction
shares transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting
of of of shares rights rights (x)
Shares Voting
Rights
---------------------------------------------
Direct Direct (xi)Indirect Direct In-
(xii) direct
=---------------------------------------------------------------------------
common 15,581,221 15,581,221 14,692,846 14,692,846 8.7%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of % of voting
instrument date(xiii) Conversion voting rights
Period(xiv) rights that may be acquired if the instrument is exercised/converted.
=-------------------------------
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv, xvi)

Resulting situation after the triggering transaction

Type of Exercise Expiration Exercise/ Number of % of voting
financial price date (xvii) Conversion voting rights rights (xix,
instrument period(xviii) instrument xx)
refers to Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
=---------------------------------------------------------------------------
14,692,846 8.7%

9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:(xxi)

Libra Fund, LP: 13,606,570
Libra Offshore Master Fund, LP: 1,086,276
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder
will cease to hold:
12. Date on which proxy holder will cease
to hold voting rights:

13. Additional information:
14. Contact name: Ranjan Tandon
15. Contact telephone number: 212-350-5125
FOR FURTHER INFORMATION PLEASE CONTACT:

Cluff Gold PLC
Ranjan Tandon
212-350-5125


Cluff Gold


I hold

goldfinger - 10 Sep 2012 19:08 - 148 of 186

Anyone agree its about time we got director deals shorter and more to the point.

riviera1069 - 10 Sep 2012 19:21 - 149 of 186

sorry GF

Balerboy - 10 Sep 2012 20:17 - 150 of 186

Gold miners in general seem to be doing well at mo, my VGM has suddenly come to life along it seems with MARL on the climb.,.

HARRYCAT - 12 Sep 2012 09:02 - 151 of 186

StockMarketWire.com
Cluff Gold has signed a memorandum of understanding for a long term strategic partnership with Samsung C&T Corporation.

This alliance starts with an unhedged US$20m facility to provide additional funding to Cluff Gold to further the development of its portfolio of assets.

The MoU provides a general framework for the potential long term funding of Baomahun and other development opportunities.

The initial facility forms part of a wider strategic alliance between Cluff Gold and Samsung which is a global trading company.

Cluff Gold has a producing mine, Kalsaka in Burkina Faso, and a strong pipeline of development assets which is expected to generate a long term production profile.

Through this long term partnership Samsung will have access to a reliable supply of gold bullion, underpinned by the company's strong operational and management team whilst Cluff Gold will benefit from Samsung's financial support.

The relationship is expected to result in a significant financing in Cluff Gold's Baomahun project, subject to the outcome of the feasibility study, together with an ongoing commitment to jointly assess other opportunities in the region.

HARRYCAT - 12 Sep 2012 09:59 - 152 of 186

80p! Now we're talking!!! ;o)

goldfinger - 12 Sep 2012 11:13 - 153 of 186

Hey riv not having a go at u mate. Just mean the way they display directors dealings could be lot shorter and more to the point.

goldfinger - 12 Sep 2012 11:15 - 154 of 186

Yep great news Harry re - funding. Game on but dont forget this is one spikey little devil.

goldfinger - 12 Sep 2012 11:43 - 155 of 186

UPDATE 2-Samsung C&T to fund Cluff Gold in Africa<000830.KS>12 Sep 2012 - 10:20

* Cluff to get an initial $20 mln loan * Samsung C&T can buy gold at 2.25 percent discount * Funding deal could eventually be worth more than $100 mln * Cluff shares up 2.6 percent (Adds comment from FD, analyst, share price) By Sarah Young LONDON, Sept 12 (Reuters) - South Korean group Samsung C&T <000830.KS> is to fund Cluff Gold's activities in west Africa in return for being allowed to buy gold from the British miner at a discount. Cluff will get an initial $20 million loan from Samsung C&T, which could rise to around half the estimated $200 million costs of the British group's Baomahun project in Sierra Leone. Finance director Pete Gardner said on Wednesday the deal removed concerns over funding at a time when weak equity markets meant investors were questioning how firms which needed to raise sums for development projects were going to be able to do that. "It takes a huge burden off our back," he said. Cluff shares were up 2.6 percent at 0900 GMT. The deal with Samsung C&T, a company valued at $9 billion and dwarfing Cluff's 129 million pound ($207 million) market capitalisation, is unhedged, meaning Cluff retains direct exposure to the gold price. Gardner said that was positive for the company since he expected the price of gold to continue rising. Gold, seen as a way to preserve value, has more than doubled in value since late 2008 when the United States first used quantitative easing as a means to encourage economic growth. [ID:nL5E8KA9OA] Cluff will sell 1,929 ounces of gold per month to Samsung C&T at a 2.25 percent discount to a benchmark market price the day prior to delivery. Westhouse Securities analyst Rob Broke said the deal seemed "an attractive arrangement for Cluff as it will allow them to develop their existing projects while potentially addressing some of the capital expenditure funding concerns at Baomahun". Cluff said it would use the $20 million to develop its Sega project in Burkina Faso, adding that, under the deal, Samsung C&T could become a cornerstone investor in its other projects such as Baomahun. ($1 = 0.6226 pound) (Editing by Dan Lalor) (sarah.young@thomsonreuters.com; +44 20 7542 1109; Reuters Messaging: sarah.young.thomsonreuters@reuters.net) Keywords: CLUFFGOLD SAMSUNGC&T/
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