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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cluff Gold | LSE:CLF | London | Ordinary Share | GB00B04M1L91 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 76.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 76.00 | GBX |
Cluff Gold (CLF) Share Charts1 Year Cluff Gold Chart |
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1 Month Cluff Gold Chart |
Intraday Cluff Gold Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/11/2013 | 08:25 | Cluff Gold............new to AIM | 5,677 |
| 07/10/2012 | 10:58 | CLF chart 21/09/12 | 3 |
| 12/11/2008 | 23:16 | CLF Thread | 84 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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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 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 19/9/2012 20:01 by fitton Cluff trades on the TSX in Canada primarily to raise money from the American market.The share price rarely matches the equivalent price on the LSE. Trading volumes usually range from nothing one day to maybe a few hundred shares traded. Today is by far the exception to the rule,todays volume is huge compared to normal.When the share price does move it can move in a very erratic way,both up and down.Todays movement does seem to be much more investment orientated rather than crazy MM driven movement based on little or no volume.Although I would not take any movement on the TSX too seriously, I do think its a very good sign. |
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 17/8/2012 11:31 by inside building Quite funny really if you think about it.Cluff do not feel they can raise equity through existing or new shareholders because of the low market cap. So they announce that they will not be doing this and are confident that they can raise via borrowing. Then after this news the value of the company starts to rise. If it continues to rise Cluff could revert to an equity raising!!! I am not suggesting that this will be the position just that a higher value company opens up even more options. Anyway no real value for John McGloin in doing this as an equity raising would likely lower the share price and it would make it harder for him personally to gain on his 1.6m share options in the future. So on the basis of personal greed by the existing directors i would suggest that a higher share price is more in their interest than ours as there are circa 7m share options that all could do with an share price at 1.50 or more. Chuck in the fact that 12m + shares are owned by directors then there is only one option for them to all gain. As the new team was only put in place in the last two years you could again argue that it was in their personal interest for the share price to fall so that share options would be more attractive when awarded. Greed is a funny thing and looking at the salary, bonuses and option packages the top 3-4 have had in the last two years this gives me great confidence that the share price will move up. IB |
Posted at 02/8/2012 09:28 by amargosa I think the plan is thus:Yaoure: drill out 1Moz sulphide resource in 2012; continue drilling 2013 until have 2-3 million oz; restart oxide mining 2012 and continue until CIL plant is built in 2014/15? Baomahun: start building plant in nov/dec 2012 (in dry season) subject to decent financing terms; if not, slow down the build process until decent financing terms available, using cash flow from BF. Or sell the whole project once DFS and additional exploration drilling establishes worth. Kalsaka: transition to Sega ore (oxides) in 2013 (higher grade and 90% ownership); 100k oz forecast for 2013; extend oxide life until Baomahun up and running in 2014 via exploration at both Kalsaka and Sega; then build CIL plant to mine sulphides at both locations. Run heap leach facility concurrently? As regards the share price, I suppose they believe strong upcoming newsflow will boost the share price Of course, that means they do actually have to put out good news from time to time. Worth a look at Orezone; they have suffered a significant decline in their share price too. It's a sector-wide affliction; where's the turning point? Edit: IG claiming the H1 results are out on 15 Aug. |
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. |
Posted at 18/7/2012 19:21 by amargosa Well, if we're guessing: there are those odd trades going on at the day's end, but then other miners are getting similarly hit. I could be wrong about the placing, but it would be contrary to everything I've been told and would be very disappointing indeed. If there is no placing in the offing, then perhaps there are other options, if we assume the share price is being walked down. The company could be being shorted - it happens in the pm (USA?) and CLF is susceptible to low-volume moves up and down. There could be manipulation connected with a hostile takeover - the movement of the stock just before the last attempt in Feb 2010 is similar. The share price could be going down - because it's going down! Algorithms recognise the declining price and sell stock in a reinforcing cycle. Perhaps PIs are selling because they are being frightened into selling by talk of low-ball placings; as there is no appetite for buying AIM stocks, that would be enough to establish the trend (volume is low after all). The slow progress on the drilling campaigns and the DFS could be causing investors to lose the faith (not helped by piggy chairman). The market is expecting an autumn meltdown , so why own any shares in anything.Whatever is going on I hope we turn the corner soon. I also hope the gold price stays stable - with 100k oz next year at 90% ownership and a good POG, we shouldn't need much if any dilution (assuming a debt facility of, say, $120m for Baomahun). Alternatively, they could sell Baomahun - the Pre-feasibility study valued the project at $263m (@$1240 oz gold); since then the project has seen considerable refining and some expansion, as well as significant early investment; so, perhaps $250m cash - enough to bring on line Kalsaka/Sega sulphides and Yaoure - about 200k oz a year with no debt and a huge dividend or share buyback. I think this is an option the company and its shareholders should seriously consider (I know it's on the table). |
Posted at 10/7/2012 22:13 by fitton As I mentioned earlier, I did ask the question about the share price and option price.As it is in the interests of the smaller shareholders I have posted the reply.I am sure the company will not mind the reply being posted as it gives a clear explanation behind the granting of options and timing etc and puts across the company view.Thank you for your inquiry. Mr McGloin joined us as an Executive Director in April 2012, and was appointed Executive Chairman on 28 May 2012. As part of his remuneration package, which was recommended by the Remuneration Committee, it was agreed that he would be granted a certain number of options to ensure that he is properly incentivised as a director, in a similar way and scale to other board directors within our peer group. These options were granted to ensure that Mr McGloin is properly aligned to the interests of shareholders, and this is especially the case given that his total remuneration package is more heavily weighted towards share based payments compared to that of the previous chairman. Pursuant to the Rules of the Company's Share Scheme, the exercise price for any options issued is determined by the closing price of the day immediately preceding the day on which the options are granted, which is typically held shortly after the director's joining date. When Mr McGloin joined the Company, the Company was in a close period as we were approaching our 2011 and Q1 2012 results releases, resulting in the delay of his options. Subsequent to those releases, several members of the Board were visiting our operations in West Africa, which further delayed the grant. It was only upon their return that we had a small window before we enter another one-month close period for our upcoming H1 2012 interims results and the Board was in a position to grant Mr McGloin's options. Along with the rest of our peer group, our share price has been depressed since May, driven primarily by the macro-economic environment, which has affected the broader gold mining sector. Consequently this has affected the exercise price for Mr McGloin's options, with the share price remaining below the 70p level over the past few weeks. As the options do not vest for 3+ years, we believe we are strongly aligning Mr McGloin's interests with those of long-term shareholders by ensuring that his contribution is rewarded by the Company's share price growth. We have great confidence in Mr McGloin's broad depth of technical skills and knowledge of the financial markets and we believe he will be instrumental in delivering our long term growth strategy to unlock shareholder value. We will continue to focus on growing our operations and exploration work, and we look forward to a recovery in the share price as general market sentiment improves. We appreciate your loyal following to date and hope that you will maintain your support for Cluff Gold and share in our long term vision for the Company, despite a challenging economic environment today. |
Posted at 20/6/2012 18:30 by fitton Drilling results indicate that yaoure could be a large resource.Financing the projects is obviously causing concern in the market.The question is how long before a bid comes in for the company.The share price must be under severe presure not to respond to todays news with a few pence increase at least.Value has been added to the company but not to the market cap.I would guess if the share price recovers to closer to £1 in the next 6-8 weeks with good news flow then the company my have a fighting chance of avoiding a takeover.If the share price is still in the 60-70p ish range then it will be the end, I hope! |
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