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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cluff Gold | CLF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 76.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 76.00 |
| Top Posts |
|---|
Posted at 12/11/2013 08:25 by smythy4 CLF is looking increasingly grim. Pointless hanging on in here with SO many other stocks taking off on AIM and money being made hand over fist.FML looks about to take off...overdue financial & op update due, & ex CEO forecasting mkt cap to increase by factor of 8 by end of next year! Buy FML |
Posted at 01/10/2012 08:46 by mechanical trader CLF CLUFF GOLDBroker brief.... 01 Oct Cluff Gold PLC CLF Seymour Pierce Buy 81.50 80.00 136.00 136.00 Reiterates 136p share price target. |
Posted at 26/9/2012 20:16 by melody9999 it was a poor day for the markets, with exploration companies showing some of the biggest falls. the gold price supported the equity price reverses. and the CLF chart was bang on technical resistance to any further share price increases. do we need any more reasons for the share price fall?! |
Posted at 23/9/2012 12:41 by mr_bluesky 95p is the big one!!!...I'll explain! 95p represents strong historic support(adjusted for share consolidation) and also a break of this will also see the price breaking out of the descending resistence,both on the weekly chart. Cerca 95p is also horizontal resistence on the daily chart.That is why a break out of this price will prove very bullish IMHO.CLF is trading in an up trending channel shown on the chart.It is near the top now so i would expect a pull back next week to test the bottom of the channel no lower then 80p before a move onto tackle the mile stone of 95p.A break through of this should see an advance to c104p(the top of the channael again).the MACD is up trending with a wide zone and the RSI is in over bought which would also suggest a small correction.The price has broken through the 50dma and the 200dma on this rally and with the 50dma trending up I would hope for a Golden cross over the next few weeks which is uber bullish.What with all this positive chart action there is the fact that Samsung have agreed to fund CLF's West African activities in return to buy cheap gold off CLF all seems well placed for the rally to continue.Oh yeh! and lots of QE and the price of gold due to head over 2000 USD per Troy ounce..... whats not to like. |
Posted at 21/9/2012 15:45 by mechanical trader 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. |
Posted at 21/9/2012 11:53 by boadicea waldof - Distinguish only as a broad impression, and the fact that SETS trades (with few exceptions) are professionals. 'O' trades can be either, but most professionals seem to me to prefer the lower costs and advantages of SETS, where available, except where largish matched bargains are put through the market for pricing transparency. These are just opinions - and I could, of course, be entirely mistaken. This is a bb after all and any opinion is just that, while supposed info should be treated with caution and checked out! Anyway, to get back to topic, I like the way CLF is moving and feel it is likely to continue for some distance. |
Posted at 13/9/2012 08:17 by mechanical trader CLF(79p)Cluff Gold boosted by Samsung tie-up.(ProactiveInv 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." |
Posted at 22/8/2012 09:25 by mechanical trader Brokers SOUNDLY behind cluff....Cluff Gold PLC FORECASTS 2012 2013 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) W H Ireland Ltd 16-08-12 BUY 13.82 8.79 21.47 10.38 Westhouse Securities 15-08-12 SBUY Seymour Pierce 07-06-12 BUY 2.36 6.94 GMP Securities 28-05-12 BUY 3.71 10.36 Edison Investment Research 25-05-12 None 13.28 4.91 2012 2013 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 13.63 5.57 0.00 21.47 9.45 0.00 1 Month Change -1.20 1.53 0.00 -0.80 1.88 3 Month Change 0.11 2.51 0.00 21.47 3.75 GROWTH 2011 (A) 2012 (E) 2013 (E) Norm. EPS % -6.61% 69.79% DPS % % % INVESTMENT RATIOS 2011 (A) 2012 (E) 2013 (E) EBITDA £22.95m £23.86m £49.88m EBIT £13.32m £m £m Dividend Yield % % % Dividend Cover x x x PER 11.11x 11.90x 7.01x PEG f -1.80f 0.10f Net Asset Value PS 18.76p p p |
Posted at 17/8/2012 18:57 by pennylane2 All these other factors will confirm your suspicion...printing of money by world central banks to promote economic growth hence, fear of inflation.China lowering interest rate to promote internal growth.These favour demand for the yellow metal as hedge.Junior gold miners are so undervalued(CLF as one) the larger players are looking to takeover/buy them.I myself sees clf as a prime target at this very low share price The share price upward trend should continue if investors have got the sense to see the real value of CLuff's assets. |
Posted at 26/7/2012 15:05 by sporazene2 Gold Producers such as CLF that have seen their share price decimated can't just blame the wider market, as there are specific reasons for the share price taking a major hit, as well as CLF consider. HGM, MML, AVM, CEY, MIRL, SHG the list goes on.In CLF's case our management are one of the worst performing I have seen. They raised $12m at 112p from Macquarie around 2 years ago and have only just released the first batch of results from the exploration that the funds were targeted at. Ironically, the first results are coming from Ivory Coast as opposed to Burkina Faso, where a civil war had all but stopped operations. Nothing has come from BK from that round of drilling, to the point that we go and acquire Sega, which smacks of desperation, given what we were told about LOM extension at Kalsaka. Not to mention the two lots of dilution that has come since Additionally they are 12 months late on the delivery of the DFS at Baomahun, from the original timeline, even the latest resource update that was supposed to be delivered in June has not arrived. So all in all my view of the current management is not good. Add in a good dose of political uncertainty in BK and IC and there you have it, more than enough to mark down together with the poor performance, across almost all facets of the business, regardless of what has happened in the wider market. If they are struggling to raise finance for Baomahun, the shareholders that shelled out at much higher amounts in previous placings are going to want a hefty discount or to force a sale at 100-120p, IMHO. Contrast this with PAF who have delivered pretty much everything they have promised and their share price is pretty solid. From my perspective there are too many AIM junior minors that promise too much, overcommit their financial resources and fall way short of what they are trying to achieve through their own inability to manage expectations and risk effectively. |
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