Cluff Natural Resources Share Discussion Threads

[doshdabbler] 31/10/2017 14:34

Churning through the placing shares. At least we know it's not the full 66m now that LD (7m) and MS (25m) have notified. Still not sure what that 13m trade was the other week. Perhaps a short closing.

[maytrees] 31/10/2017 14:28

Still continous buying with no sales so far presumably because the share price remains unmoved.

[maytrees] 31/10/2017 09:16

Interest in these today - all buys so far

[liamdwilson458] 30/10/2017 20:39

What an awkward sounding interview haha it sounded like he had better things to be doing lol

[doshdabbler] 30/10/2017 19:52

Lol, he doesn't exactly come across as a cuddly granddad, but I guess that's a good thing.Today's news, together with Dorfman's top up certainly bode well. Makes me think a JV might be more likely, since why plough cash into a company that'll simply have to dilute again to finance the drill. We shall see.

[soulsauce] 30/10/2017 17:25

Thanks dosh.

Is he always that grumpy lol?

[anley] 30/10/2017 15:14

The 25m shares was the final allotment made last week at the EGM............we now have two very enterprising shareholders on board.

Let us hope that the 66m shareholders do not turn sellers on a 50% uplift to 2.25p!

[euclid5] 30/10/2017 14:16

ok, thanks

[bronislav] 30/10/2017 14:11

It was a long time ago with sirius euclid and there was no holdings announcment just rumour.

[euclid5] 30/10/2017 14:08

did he buy in th placing, if so cost him £375k.....either way good to know....I recall his co bought into SRSP a year or so ago

[maytrees] 30/10/2017 14:07

I bought a few more at 1.75 just before the Rns so was lucky,

[soulsauce] 30/10/2017 14:05

6% stake, nice.

[bronislav] 30/10/2017 14:05

Now that does appear good news..michael.spence involved in trading gas if memory serves me well.

[maytrees] 30/10/2017 14:04

I bought a few more at 1.75 just before the Rns so was lucky,

[doshdabbler] 30/10/2017 14:01

25m shares in safe hands. Fantastic

[wordog] 29/10/2017 20:57

Cheers guys. They seem confident and not desperate as usual which is encouraging.

I’m not buying anymore after my last buy got me down to a 2.1p average, although more than happy to wait.

[bronislav] 29/10/2017 15:50

Thanks for the updates

[clickon] 28/10/2017 15:04

Thank you dosh, it was a bit last minute but I wanted to go, some interested parties can have different risk parameters. An issue can be fault seals i.e is the gas there or has it been leaking out. Hopefully it is there!Hopefully it is sealed and least there's the possibility of a part funded option for a drill if the farm out wasn't to materialise.

[doshdabbler] 28/10/2017 14:06

Thanks for taking the time to report back Click. I'm happy with my involvement here and expect some progress to be made this quarter, with, hopefully, the fireworks next year. Unlike most Aim PR pump outfits with a hole in the ground, I believe our assets, including Algy, to be well worth the price of admission.

[clickon] 27/10/2017 19:02

Hello, haven't had a chance till now, I was at the AGM yesterday. What I write here is not verbatim and is only my impression of what was said and could have been mistaken or misunderstood by me. This text does not constitute investment advice or make any attempt to influence or affect the views or actions of others in such matters. I missed the first few minutes, the meeting was attended by Algy Cluff, Graham Swindell, Andrew Nunn, a PA, two chaps I didn't find out who they were and three investors which included me. I asked about the importance of the BP drill, that was seen as helpful to overall North Sea sentiment but if the long awaited results happened to be poor it wasn't of too much concern to our drill. Ours is potentially easier and cheaper to drill, in shallower water and only requires a Jack Up rig.It was felt that we had so far satisfied our licence conditions, I think Algy is speaking with the OGA next week. He seems to see them as more approachable than previously, as is the new Energy Minister. As far as farm out deals are concerned there is quite a lot of M&A activity to get through in the first half of next year for some companies, providing them with some degree of distraction, together with the OGA awards my impression was that any deal may be more likely after that.Andrew Nunn felt that, self funding a drill was more risky but that a percentage funded drill where the risk was split say 50/50 for example was a possibility but a farm out was preferable. Obviously the timetable of activity, can vary at any time.If in doubt, contact the company for verification of details. I hope this helps, please Do Your Own Research.

[pipersand] 27/10/2017 18:22

Great analysis and update, thank you Anley. More patience needed and if Brent continues its positive trend, 2018 could be a cracking year for CLNR holders. Up to over $60 today, all good news.

[doshdabbler] 27/10/2017 16:45

Thank you Anley.

[soulsauce] 27/10/2017 16:18

Many thanks anley much appreciated.

[anley] 27/10/2017 16:11

1.75 offered.............