Cluff Natural Resources Share Discussion Threads

[liquid millionaire] 22/9/2015 15:30

Another good day for CLNR....

[wordog] 21/9/2015 21:08

So far he has kept his word and really wants to stay loyal to investors. Let's see what comes next.

[clickon] 21/9/2015 16:05

Southern North Sea comes first, a conventional play, way before UCG. Short and long term taken care of :-)Plus Algy Cluff keeping number of shares in issue low. He knows what he's doing and has already explained his strategy recently which makes perfect sense !

[liquid millionaire] 21/9/2015 13:15

The Stig is a complete and utter idiot who goes on 1,000's of BB's stating that the next move will be a placing....very rarely is the idiot correct.

Indeed many on ADVFN use the presence of The Stig as a buying opportunity!

[the stigologist] 21/9/2015 12:54

You can't win licences if you don't have cash

You can't keep licences if you don't have cash

placing is imminent and desperately needed

[anley2] 21/9/2015 12:26

That sounds like more capital!!

So where is the last placing money which ws due the other week or is there something going on in the background which we do not know about?

[wordog] 21/9/2015 11:40

The environmental impact study will be the key driver to be UCG project.

In the meantime let's hope that we take advantage f the subsidised Norwegien exploration system to find a partner for the Lytham discovery and get tracing soon.

[liquid millionaire] 21/9/2015 10:45

"a real possibility"

[clickon] 21/9/2015 10:44

Absolutely!

[clickon] 21/9/2015 10:37

Algy Cluff gets on with it and only says something when there's something worth saying, rather refreshing! All the speculation doesn't really help. What will be will be!

[anley2] 21/9/2015 09:57

Perhaps this BB does have power to make a company come clean.........hence today's interesting PR announcement.

However, the question as to why the last placing was delayed has still not been fully understood.........we shall see as the share price has attracted a few stale bulls.

[liquid millionaire] 21/9/2015 09:33

Idiot....they have just recently had a placing!

[wordog] 21/9/2015 08:21

Didn't expect us 17% up on this news. Hey ho, I'll take it though!

[liquid millionaire] 21/9/2015 07:45

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources
21 September 2015
Cluff Natural Resources Plc
Economic Impact Assessment of UCG

Cluff Natural Resources Plc ('CLNR' or 'the Company'), the AIM quoted natural resources investing company, is pleased to announce the publication of an independent report highlighting the potential economic benefits of the development of Underground Coal Gasification ("UCG"), a proven industrial process which allows coal to be converted into gas in-situ, in the UK.

The report has been prepared by Biggar Economics, a leading UK independent economic consultancy. It sets out the potential economic impact and long term benefits for the UK economy of CLNR developing an initial UCG project at its Kincardine licence in the Firth of Forth, Scotland ('Kincardine'), followed by an additional seven UCG projects across the UK. The report states that this could result in:

· Generation of £12.8 billion Gross Value Add ("GVA")¹ for the UK economy over the long term through the direct and indirect impact of domestic projects and export sales
· Create an average of over 7,500 jobs, peaking at around 11,900 jobs
· The fuelling of a new generation of gas fired power stations with a total capacity of around 3,600 megawatts
· Safeguarding jobs in the chemicals sector, if used as feedstock for the chemicals industry
· Extensive supply chain and export opportunities for businesses across the UK

In relation to a sole UCG project at the Company's Kincardine licence, the report states that it could generate a total benefit of around £603 million GVA and support an average of more than 350 jobs over the long term.

¹GVA measures the contribution to the economy of each individual producer, industry or sector in the UK.

Algy Cluff, Chief Executive & Chairman commented: "The findings of this report highlight the huge potential for the development of a UCG industry in the UK. UCG has a vital role to play in the diversification of the UK's energy mix and its long term security and this report demonstrates how the development of UCG would create significant benefits for the UK economy."

To view a copy of the report please see the following link.


The full report will also be shortly available on the Company's website.

[anley2] 20/9/2015 17:26

In that case he should have underwritten the balance so you have to come back and ask yourself the question........

Is there more to this than meets the eye?

[wordog] 20/9/2015 17:13

He's not short of a few bob himself, maybe he'll pick up 2 million lol.

[anley2] 20/9/2015 16:59

Don't understand.............the problem is simple.

Shares were to be placed with XYZ at 4.25p when the BID was under 4p so the broker must have said to Mr Cluff - sorry my clients do not want these shares at this price so BANG goes a pot of money..................now we have to look into this and ask ourselves a question or two!!

Has CLNR run into a potential political problem in Scotland OR
Has Haliburton come up with good or indifferent conclusions about the profitability of the schemes they are working on...........

I don't know so does any one or should Cluff give us as shareholders his take on the what is going on..................

[wordog] 20/9/2015 13:36

I would love to know the answer to that. I'd guess they could get enough interest at the price they wanted.

[anley2] 20/9/2015 12:57

Indeed WORDOG but tell me why the share placing did not go ahead last week.

[wordog] 20/9/2015 10:00

Nice find, thanks. Would be nice to mention that the exploration risk for both projects is very low, we know the coal is there and the offshore tight gas in the Lytham prospect.

[clickon] 16/9/2015 09:44

Maybe they needed a little more !