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.





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

CLF(79p)

Cluff Gold boosted by Samsung tie-up.(ProactiveInvestors):-

12/8/12 by Jamie Ashcroft

Shares in West Africa focussed miner CLUFF GOLD (LON:CLF) advanced today as the company revealed the strategic partnership with Samsung.

The initial agreement sees Cluff receive a US$20 million loan. And it will lead to Cluff to supplying Samsung with gold bullion.Cluff says the new partnership is expected to result in a ‘significant’ financing for the development of Baomahun subject to a positive outcome of the ongoing feasibility study.

In a conference call today chairman John McGloin stressed that importantly the new Samsung deal still allows Cluff to benefit from rising gold prices, as it does not ‘hedge’ the production that’s earmarked for the North Korean firm earmarked gold product.This, he says, is a positive for Cluff.

“We believe that the outlook for gold companies is not too dissimilar to that seen in recent years with worldwide inflation leading to rising gold prices and higher production costs. And this financing ensures that Cluff retains full exposure to the gold prices that will more than offset any costs of inflation.”

Cluff will begin supplying gold to Samsung one month after the first drawdown under the initial $20 million loan.
The deal has much greater significance for Cluff beyond this initial loan however as it paves the way for a pivotal and much larger financing deal that will play a part in the development of the Baomahun mine.

“The key issue (announced) today is not the initial $20 million facility (itself), but the longer term opportunities that it unlocks. Importantly the initial facility provides a framework the potential funding of Baomahun, and other development opportunities.”

McGloin explains that the terms of the financing are competitive compared with other debt-based options available. And, he says, that it provides Cluff with sufficient flexibility in its balance sheet to allow it to use existing cash-flows from production for further exploration whilst maintaining momentum in the continued development of the Kalsaka/Sega project.

Cluff is on target to produce between 60,000 and 70,000 ounces of gold this year from the Kalsaka gold mine in Burkina Faso, and it will soon enhance the project as it starts mining ore from the nearby Sega mine.

In the meantime the company continues to advance its growth plans with the focus on delivering Baomahun.The project hosts 2.1 million ounces of gold resources. A new resource model and calculation are due next month. That will be an important milestone in the completion of the feasibility study, which is already said to be at an advanced stage.

It is expected that the start up of Baomahun will tip Cluff’s annual gold production beyond 100,000 ounces in 2015, and that figure will rise significantly to around 135,000 ounces by 2016.

Earlier today, City firm OCEAN EQUITIES described the new partnership as a ‘great deal’ for Cluff.

“It also demonstrates a trend in the market for miners to pursue alternative funding options to equity raises,” said analyst Christopher Welch.“Cluff benefits on several fronts but most importantly it has brought in an instantly recognisable strategic partner into its future developments; a partner with deep pockets and cache in the international community.”

Welch adds: “There is an immediate benefit for Cluff in that this deal really strengthens Cluff’s financial position as it brings Sega into production and so we expect Cluff shares to have a positive reaction to the news.

“However, the larger benefit is that Cluff has forged a relationship with a global conglomerate that is a large gold consumer. The implications for this are great and reduce Cluff’s overall funding risk as well as secure gold supply for Samsung.”

Positive, positive, positive, been away for a couple of days and come back to good news... Surely the sp has to hold its bite! Think I'll add a 3rd Future in these.

I have.

Broker Brief.....

14 Sep Cluff Gold PLC CLF Westhouse Securities Strong Buy 81.00 78.00 112.00 112.00 Reiterates

112p SP target.

87p resistance to get through first.

3 month chart, DMA 13,25 & 50 - Doesn't get much better than this, second is FS. This stock has to now be on the radar of most technical trackers... 85-87p resistance level I'm guessing we'll smash, 100p psychological level though might be more of a challenge.

Just tipped on Growth Company
Investor........

ecogz Updates ‏@Precogz

#CLF Cluff Gold BUY http://precogz.com/N04E6846D3A


http://www.growthcompany.co.uk/

14/09/2012
This gold miner looks a steady bet in challenging times...


Sorry not a subscriber to GCI therefore no live link..

Am out at fractionally over 88p. Having got in at 69.5p that will do for me for the moment. Thanks to gf for the heads up with this one.

And theres the debate, do I take profits or stay in, not one to buck the trend especially when its firmly positive for me. A look at level 2 dissappoints though, very low volumes in this stock making me wary. Stop losses at the ready, I think this has further to go.

Excelent day. Still looking for 120p plus.

Adding a further 4% today, I guess gold is set to soar with the Fed's QE3 plans of $40b every month till further notice...

Fingers crossed shortie.

Got a good read across the road.

Ill transport it.

jim sinclair has picked up on the samsung deal

http://www.jsmineset.com/

Found the article a good read GF, the first article on QE3 coming into unimpared commodities gold/silver etc. was also a good read and backs my own sentiment on QE3. Must resist the temptation to weight my spreads in the direction of Cluff at the moment.

Just one more push.....


CLF

Technicaly nearing a down channel
breakout through the ceiling at 90pish

Very positive.

Volume looks very perky, and some
would say overbought but these lower
indicators the oscilators can plateau
for long periods.

Golden Cross in the making this looks like

Very Yodaesk!

Broker Buy Targets

Date Company Name Broker Rec. Price Old target price New target price Notes

18 Sep Cluff Gold PLC Westhouse Securities Strong Buy 80.88 112.00 124.00 Reiterates
13 Sep Cluff Gold PLC HB Markets Speculative Buy 80.88 - - Initiates/Starts
12 Sep Cluff Gold PLC Seymour Pierce Buy 80.88 136.00 136.00 Reiterates
16 Aug Cluff Gold PLC WH Ireland Securities Buy 80.88 101.00 90.00 Reiterates

Seymour pierce lading the way
with a 136p SP Target.

Looking for 120p myself.

NORWICH & PETERBOROUGH BUILDING SOCIETY

You are going to jinxed this now, goldfinger ;-)

StockMarketWire.com
West Africa-focused Cluff Gold has changed its name to Amara Mining and confirmed the resignation of three non-executive directors as part of the board's review of its structure.

It says these changes mark the beginning of the company's transition into a mid-tier gold producer, through the extension of production at the Kalsaka/Sega gold mine, which funds the progression of its pipeline projects, Baomahun and Yaoure, where the company is completing a feasibility study and expanding the resource base respectively.

It says they also symbolise a new era for the company in terms of leadership, with John McGloin's appointment as executive chairman on 28 May and the resignation of Nicholas Berry, Dr Bobby Danchin and Ronald Winston, effective 30 September.

From today (1 October), the board will comprise of three executive directors and three non-executive directors, a more appropriate number for a company of Amara Mining's size.

Change of name...... new ticker.....

AMA

http://www.investegate.co.uk/Article.aspx?id=201210030700107728N