Cluff Gold Share Discussion Threads

[mechanical trader] 22/8/2012 16:46

Tomorrow!, you clearly havent read my post.

Says WEEKLY.

You dont have to apologise.

[jdk14] 22/8/2012 16:33

That was a great buy signal mechanical trader - I wonder what they will say tomorrow?

[mechanical trader] 22/8/2012 13:49

CLF Cluff Gold

Broker Concensous figures going
forward to 2013 look very bullish.

Fantastic growth... 73% increase in EPS predicted.

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

31-Dec-13 80.50 17.48 5.81p 11.4 0.2 +73% n/a 0.0%

[mechanical trader] 22/8/2012 13:47

JDK........ YES.

Confirms a candles chartists findings.

I can vouch for that. And they dont
change stance everday either.

[naiad] 22/8/2012 12:42

Two things to think about when assessing this stock - first there was a very substantial transfer of expenditure into intangibles, about US$50 million.

US$ million
Exploration and mining rights 26.326
Deferred exploration costs 17.844
Assets in the course of construction 4.413
Mine development and associated property 3.114
51.697

The second is the level of the minority interests in the result and the share attributable to equity
US$ million
1st quarter 2nd quarter 1st half year
Equity (1.198) 1.924 1.924
Non-controlling interests 0.459 0.947 0.947
Earnings for the period (0.739) 2.871 2.871

[jdk14] 22/8/2012 12:06

Does anybody take any notice of British Bulls - buy one day sell the next!

[mechanical trader] 22/8/2012 11:49

CLF CLUFF GOLD
A BUY signal on the weekly candles....

Materials&Typ=S

[mechanical trader] 22/8/2012 09:25

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

[maltatrader] 22/8/2012 09:17

welcome on board 'slater'

[mechanical trader] 22/8/2012 09:12

Found this recent news item across the road....

CLUFF GOLD (LON:CLF) today revealed more encouraging results as it continues to work towards a maiden gold resource at its Yaoure project in Cote d'Ivoire this fourth quarter.

John Meyer, at broker FAIRFAX, says the company is 'progressing well' towards that target.

Meanwhile, WESTHOUSE SECURITIES analyst Rob Broke explained that no value for Yaoure is yet factored into his 'STRONG BUY' recommendation and 117p price target.

As such he says there is 'potential for upside' to his current view on the stock if a significant resource can be delineated by the end of this year.

[mechanical trader] 22/8/2012 09:02

Gone long again into cluff.

Like the recent results statement,
gold breaking out fingers crosed from
traingle formation, new boss looks like
hes got summat about him, news flow should
be good.

[boadicea] 21/8/2012 16:27

Strange hesitancy in the share price today when many other smaller producers are finally waking up but it looks like it may be recovering its poise towards the close.
I hope the +10% margin merchants may now have cleared off so we can progress again.

[fitton] 21/8/2012 13:38

Gold over $1630

[fitton] 21/8/2012 13:14

A bit of profit taking today.Interesting time to sell.Gold is looking more and more likely to break out of the range.Maybe once $1630 is breached we could see some upward movement.ABG has moved up again today.Looks like a deal is on the way.Downside in Cluff looks limited.I would expect the shares to move up tomorrow as sentiment is changing towards the sector and Cluff.

[pennylane2] 21/8/2012 10:11

SP holding well..seeing management prioritising the financing package for Baomahun will underpin the re-rating of cluff.

[amargosa] 20/8/2012 23:15

The DFS has been refined considerably since those days, so should be even better than you suggest, though I'm not sure they would go as high as $1500/oz for the model.

[inside building] 20/8/2012 18:33

Do we have a nice surprise in store with Baomahun?

On the 5th Sept 2011 the 43-101 technical report was produced and came up with the project valuation and IRR as follows.

IRR @ 31%, Gold at $1,100, NPV at 10% DR = $171.9m

So looking at the table and using a 5% DR, a gold price of $1,500 you get a NPV of $623.6m

Obviously other factors to consider will be operational and construction costs but at the moment Cluff are suggesting that the HEP potential could reduce operating cost by 10% plus. Another factor is that the grade used for cut off in the open pit method was 1.0g/t. I have seen much lower grades used in other gold resource estimates.

IB

[simonbroughton] 20/8/2012 17:27

pineapple1,

"it's about bloody time"...I couldn't agree more! I've been in CLF since April 2009!

[amargosa] 20/8/2012 12:50

That could have been us.......

August 15, 2012
Endeavour Mining's Acquisition Of Avion Should Turn It Into A 400,000 Ounce Gold Producer By 2014

By Ryan Jackson in Vancouver

Back in July, Minesite reported Endeavour Mining was on the hunt for an acquisition in West Africa, a region where it already has two operating mines, and a third in development. And the company has now flexed its financial muscles and announced an all-stock C$389 million dollar deal to acquire fellow TSX company Avion Gold.

Plant at Takaboto

Endeavour proposes to exchange each Avion share for 0.365 of an Endeavour share, which puts a value of C$0.99 on each Avion share, a 57 per cent premium to Avion's share price before the deal was announced.

If the deal goes through, it will take Endeavour's gold production in West Africa up towards the 300,000 ounce mark and should create a company with a market cap approaching C$1 billion.

"The acquisition combines two growth-focused West African gold producers, both with very significant exploration upside", said Endeavour's chief executive Neil Woodyer. "Pro forma production this year will be 282,000 to 304,000 ounces, generating substantial operating cash flow, and the growth plan being implemented is to reach 450,000 ounces within the next 18 to 24 months."

The operative word here is "growth" - production growth and an expanding portfolio of West African gold projects, in various stages of development, across a number of countries.

Central to the deal is Avion's Tabakoto mine in southwestern Mali, which produced 91,000 ounces of gold in 2011 at a cash cost of US$652. This year Tabakoto is expected to produce between 95,000 and 102,000 ounces. And Avion is in the process of upgrading milling facilities at Tabakoto, from 2,000 tonnes per day to 4,000 tonnes per day.

Though political strife in Mali earlier in the year had stalled progress on the expansion, now that the politics have settled down and with Endeavour's treasury behind the project, the likelihood is that it will get underway again soon.

All the parts required to complete the expansion are already on site and negotiations with contractors - many of whom previously refused to work due to travel advisories - are underway. To get things rolling again, Endeavour has offered Avion a US$20 million bridge loan to be used towards the mill expansion.

Meanwhile, the organic growth on the Endeavour side of the equation continues. Second quarter results, which were announced in parallel with the Avion deal, showed that half year production from the company's Youga and Nzema mines reached 102,691 ounces. That result led on to an increase in the production guidance to between 187,000 and 202,000 ounces of gold for the full year.

All of which should deliver somewhere in the order of C$150 million of cash margin this year from the two projects alone. Additionally, cost control measures have been implemented this year at Youga and Nzema which have successfully lowered operating costs, from US$716 to US$641 per ounce produced, even as many in the sector struggle with ballooning costs.

Then there's the prospect of a third Endeavour mine coming on stream fairly shortly. At the Agbaou mine in Cote D'Ivoire, where final permitting has been approved, the company is planning to add approximately 100,000 ounces of production per annum over a nine year mine life.
And chief operating officer Mark Connelly says activity in Côte d'Ivoire is heating up. "It has been an extremely busy quarter. The team is starting to assemble in Abidjan and we are moving as fast as we can with a lot of parallel activities underway." Those activities include ordering long lead time equipment, selecting mining contractors, and surveying the power line route.

Neil adds that, "earthworks are scheduled to begin the first week of September so things are advancing steadily". The project remains on schedule for first gold production by the first quarter of 2014.

Further down the line, and the Avion portfolio has plenty to offer. "Coming with the Avion company is a very significant project in Burkina Faso, Hounde", says Neil, "which includes the very prospective Vindaloo deposit which is progressing towards a PEA at the end of this year."

Currently Hounde hosts an estimated indicated mineral resource of 893,000 ounces gold and an inferred mineral resource of 712,000 ounces of gold. Drilling that took place after the compilation of that resource has extended the Vindaloo zone 300 metres to the north and 100 metres to the south.

And Avion also brings the Kofi project in Mali which hosts about 500,000 indicated and 700,000 ounces of inferred gold.

Douglas Bowlby, executive VP corporate development at Endeavour, sums it up: "Endeavour's gold production, north of 400,000 ounces by 2014, positions Endeavour to be one of the leading African junior gold producers. We also see that Endeavour will be one of the leading junior gold producers listed on the TSX."

Not bad, considering it's been only three years since the company switched from investment banking to gold production.

But as far as deals go, that could be it for now. "I want to make it very clear", says Neil, "that Endeavour is fully focusing, and exclusively focusing, on this transaction. At this time we have no other acquisition opportunities in mind and are exclusively focusing on the job at hand."

[pennylane2] 20/8/2012 10:34

Not trying hard just stating what could be a real possibilty as larger players in the sector are needing to increase their resources and gold is gettting harder and costly to find.With the world central bankers continue money printing risk of inflation and currencies devaluation..gold will benefit as safe bet to hold.

[pineapple1] 20/8/2012 10:21

Well no doubt this is a super strong rise over a few days by CLF i,m pleased to say.
I wonder if someone has been caught offside with a declaration of no long term funds to be raised by way of equity. The projects were all here at beginning of the month and there doesn't appear to be a significant change in progress (that we know of).What ever the reason and there undoubtedly will be,its about bloody time...imho

[mostro] 20/8/2012 10:13

in for 15,000 at .70p.... fingers crossed and hope not burnt!!!

[jdk14] 20/8/2012 10:11

you're trying hard pennylane2!!