Cluff Gold Share Discussion Threads

[waldof] 21/9/2012 13:15

Forgive my stupidity but how can there be such a disparity in price of share in Canada to UK.
Must be an explanation or we would all be arbing it.

[hazl] 21/9/2012 12:34

thanks very helpful comments and interesting discussion

[waldof] 21/9/2012 12:23

Iknow that Bo'!
But without L2 how do YOU see if it is a SETS or O trade, that was my point.
Not trying to prove anything just curious.

Totally agree on everything you say above.

Clean and sensible thread here..........for now!

[boadicea] 21/9/2012 11:53

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.

[boadicea] 21/9/2012 11:41

hazl - It's certainly true of some of them but we haven't reached the muppet category yet, imho. There is little sign of any pump & dump here. In fact gold explorer/developers generally seem rather to have gone through a period of bash and stash.

Retail over-exuberance generally occurs when unit trusts, oeics etc (and bb threads) start bragging about how well they're doing and everyone appears to agree the market (or sector, or share) can only go up... - That is the time to sell!

[waldof] 21/9/2012 11:27

Boad', forgive me for asking but if you do not have level 2 ( i have as it happens)how are you able to distinguish between the trades?
Ref retail v pro's i feel the pro's are still accumulating in a big way and will buy up to the late 90's.
Once they are full they will start to push the big PR button re Samsung...get the word out big time.
Still a lot of folk who either do not know of the Samsung deal or do not fully grasp the significance.
As they say...there is always someone who knows more than you..

[hazl] 21/9/2012 11:01

I had heard that retail investors are inevitably the last to get in
do you think thats true?

[boadicea] 21/9/2012 10:51

waldof - Agreed, but very few retail investors use SETS. Professionals, institutions etc recording 'O' trades are often larger blocks, frequently with matching entries and consequent bb reaction is likely to be that there were two large buys (or sells) when there was in fact a matched bargain.

hazl - Could be. There are more AT trades showing now - mainly 90.25p buy orders on the SETS book, executing as sells. Someone is playing with sells of 2 - coded message??
I don't have L2 so cannot assess the depth of the demand (or supply).

[hazl] 21/9/2012 10:12

boadicea is that because they have already bought in your opinion?

[goldrush] 21/9/2012 09:54

Rounded up my holding this morning with a 15k....good volume now and looks like the Samsung word is getting around etc

Best wishes to all.

g

[waldof] 21/9/2012 09:35

Happy for buyers wherever they come from Boadicea, but isn't your analysis a slight over simplification?
Pro's do not always use SETS.

[boadicea] 21/9/2012 09:26

Action this morning nearly all retail (i.e. 'O' trades) with the professionals and dma regulars (AT) mostly standing aside.

[mechanical trader] 21/9/2012 03:05

Sugar forgot to put them on.

Never mind tomorrow could be a
very bullish day fingers crossed.

[mechanical trader] 21/9/2012 03:03

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.

[boadicea] 20/9/2012 21:09

It traded as high as 173.6p (equivalent) in Canada today and closed around 120p.
Possibly panic short closing??
Why don't they just buy it here for 88p?

Price volatility like that (20+%) would require an RNS in London. Doesn't Canada have a similar rule?

[pineapple1] 20/9/2012 15:57

Shame it can,t do the same here.Certainly some accumalation going on here as the bid at 87 seeems to be be absorbing all the sells (so far),so someone has an iceberg there.
Once they have their fill we may see this start to move higher.

[waldof] 20/9/2012 12:50

90p today?

[pineapple1] 20/9/2012 12:13

Following THE S Korean C B.

[hazl] 20/9/2012 12:10

I agree with that sentiment fitton.
It also intimates a sea change in perception about gold and its role, from a company as high profile, as Samsung.IMO

[fitton] 20/9/2012 10:17

Its unlikley that there could be much improvement in the terms of the $20m facility.Overall cost is put at around 10% per annum.Financing mining companies is very high risk and it could have been alot worse for the company.In gerneral the financing deal has been very well received.Samsung are a worldwide high profile company and this has made Cluff many times more credible than before.The Samsung deal has put the company clearly on the map.I now expect further gains in the share price,soon to be trading back above £1.All the long term holders here deserve to have the good news.

[hectorp] 20/9/2012 08:58

And there is a year of stunning resistance peaks still to overcome.
The terms of the $20M facility are NOT exceptional, there may or may not, be a further agreement after the Feas is completed, I am not coming in at this price.

2,1 M ounces at 2.5 g/t at b, does however seem decent for future income flow etc.

[amargosa] 20/9/2012 07:52

If it's true what Jim says about hedge funds and junior miners, then it's a form of financial terrorism and hedge funds that do this have no place in the financial world. When you look at Cluff's share price over the last few months, especially the recent dive down below 50p, it does make you wonder about this shorting theory related to project financing. JS's piece seems to assume however, that such deals that Cluff has done with Samsung would also be possible for pure explorers pre DFS; that is doubtful imv, and Cluff's current and future production from Kalsaka made the Samsung deal possible. So perhaps not the game changer yet for junior explorer-only miners that JS seems to imply.

[ronnie corbet] 19/9/2012 22:15

jim sinclair has picked up on the samsung deal

[fitton] 19/9/2012 20:01

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.