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

Gold's star just keeps on shining

Fiona Bond
05.10.10 14:42


There seems to be no end to gold's famed allure as it soared to yet another fresh record high on Tuesday.


The precious metal hit $1,328 an ounce after the Bank of Japan slashed its key interest rate and the US dollar weakened.
It is now up some 21% this year and headed for its tenth annual gain on the trot - its longest winning streak since 1920.


"There seems little sign to the end of gold's rally and with a global race on to devalue currencies, gold is the main market where confidence goes from strength to strength," trader Phil Gillett at spread betting group Spreadex said.


The Bank of Japan lowered its interest rate to virtually zero for the first time in two years, as it seeks to stimulate the country's economy which has been hit by falling prices and a strong yen. It will also purchase $60 billion of government bonds and other assets.


Joshua Raymond, currency strategist at City Index, commented: "The move by Japan to cut interest rates to zero and purchases assets worth $60 billion have taken traders a little by surprise. What the move does is boost confidence that central banks are acting to maintain the recovery and this also raises optimism that the Federal Reserve and Bank of England may follow suite next month in announcing their own second round of quantitative easing."


But the rising uncertainty surrounding the state of the global economic recovery and the tug of war between currencies has heightened interest in the commodity.


Gold spent much of the latter half of September clawing its way higher, culminating in its previous record high of $1,322 on Friday - its 11th record since 14 September.


Indeed, since the start of 2008, gold has risen head and shoulders above its contemporaries, having jumped some 58%.


The growing demand for bullion spurred JPMorgan Chase to reopen an underground gold vault in New York that was closed back in the 1990s.


Consultancy GFMS estimates that private investors now hold as much as 30,000 tonnes of gold - more than a sixth of the world's loot and now more than central banks.


And there's good news for gold bulls as analysts forecast more highs on the horizon.


Commerzbank said: "A sharper fall in prices is not on the cards as gold should profit from the prospect of quantitative easing today. Gold is thus likely to sustain its upward trend for now."


John Meyer, analyst at Fairfax, sees the prices edging towards the next resistance level of $1,350 an ounce in the next few weeks, while Bank of America Merill Lynch predicts further rises in 2011 should the Fed expand its quantitative easing programme.


"We estimate the gold prices could rise by 3% on the basis of quantitative easing alone. More broadly, if we see global money supply expanding at the same pace, gold would move 15% higher," commodity analysts at the bank said.


It looks like gold's star will continue to shine brightly.

http://www.iii.co.uk/articles/articledisplay.jsp?section=Markets&article_id=10119760

Sold out too soon Cynic...that is what happens to me most of the time.

is clf heading for 150 cey up aswell

who cares? ..... did i bank a profit? .... yes!

So many good'uns out there at the moment...spoilt for choice.

And just look at these figures from Digital Look , very very bullish.

Look at the increase in forecast EPS for 2011 105% and the miserly P/E rating of just over 8. PEG 0.1 !!!!!!!!!!!!!!!!!! amazing.

Now if there isnt value here I dont know where there is value.

Cluff Gold ForecastsYear Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-11 80.03 14.81 12.69p 8.7 0.1 +105% n/a 0.0%


We also have a target SP of 1.37p which no doubt has or will be upgraded.

29-Jun-10 Seymour Pierce Buy 73.00p 137.00p - Reiteration

137p SP target with a likely upgrade.

SP, all over the place today and whilst arguably I sold too early, the dip demonstrated I did not, all about timing and as I can't watch the screen all day, I have no regrets. SP in no-man's land today and no idea what tomorrow will bring. Mind you, keep knocking on resistance enough times, it usually gets through.

As long as we have this tremendous increase in gold values : there is no reason for the sp's in gold stocks to stop (the unhedged ones)....don't forget that rather than following the spot price of gold : these stocks are geared to getting the gold out of the ground...the cost base remains the same or drops, but their profit increases tremendously as the difference between the selling at market prices and their expenses increases.

clf up again today hope it holds on

some big sells today

share price drop a little bit political unrest

CLF Chart (cluff gold) looks primed for a bullish upside breakout:

Let's hope so.....been a good 'un for me.
EDIT (today) Hellsing001 - interesting Take . . . . but there needs to a real "prospect" of getting to their gold to Market...not just the proverbial, standing by a hole?
EDIT-(10Jan2010) - Chakli, IMHO, Dir buying below 50k says "stay away", I hold from 30p.

Seems to have a problem breaching the 117p mark.

Needs Gold to break through $1420 to get above this mark, without any drilling news.

When Gold hits $1360 it drops to the 105-109 range.

fd buys at 104.5 10k shares ! intresting

has any one heard if cluff gold is pulling mine staff out of ivory coast

Edmond Jackson on CLF this weekend...

http://bcove.me/5exo7kya

Broker guidance, pretty very much Bullish...

Cluff Gold PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

W H Ireland Ltd
11-01-11 MPER
Evolution Securities Ltd
10-01-11 BUY 10.92 4.72 28.88 13.18
Seymour Pierce
10-01-11 BUY 21.13 13.45 29.79 18.67

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 15.55 8.68 29.29 15.67
1 Month Change 0.79 0.47 7.15 3.22
3 Month Change 2.55 1.05 12.55 7.99


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 80.60%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA -2.78m 22.35m 38.95m
EBIT -7.35m 16.03m 29.14m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -17.16x 12.68x 7.02x
PEG f f 0.09f
Net Asset Value PS 21.01p p p

Given as a Buy in Todays Sunday Telegraph at 104

bigger chart below ..... this OUGHT to be a much better performing share/company, but not sure if i want further exposure in the current market climate ... it is also something of a concern that it's recent trading range is very narrow indeed