Cluff Natural Resources Share Discussion Threads

[therealdeal5] 26/4/2017 08:18

Normal service resumes, we fall

[therealdeal5] 26/4/2017 08:16

Can't buy, and it's 3.20 to buy and the same to sell! TD won't let me buy

[therealdeal5] 25/4/2017 22:38

Hot ticket stop worrying about a cash call, worry about not getting a partner by November as then it's game over! Worry about the things we can do nothing about, cash call is not a problem! No farm in is!👌

[ileeman] 25/4/2017 19:55

4p first target shouldn't bee too hard now we are anticipating major news, once 4p goes then 6p+.

Ofcourse a good farm in deal will blow all these targets out the window.

Inverse head and shoulders and possible bear trap.


free stock charts from uk.advfn.com

[clickon] 25/4/2017 19:52

Hi Anley I think that we were talking some time ago about £10m to £15m for a drill. I may be wrong but I think that the North Sea is about 150 feet deep at that point very shallow !

[maytrees] 25/4/2017 17:36

A late recorded c. 1.4m sale

[anley] 25/4/2017 15:07

I agree BUT have you calculated what the driller/finance will take so one needs to discount this (47p) by a big number.........??

[clickon] 25/4/2017 13:55

Also 47p doesn't appear to include an estimated value for 2252.

[clickon] 25/4/2017 13:25

You only have to look at the NPV for 2248

[clickon] 25/4/2017 13:23

I calculated a figure around that, didn't think anyone would believe it but I do.

[cpap man] 25/4/2017 11:01

Glass half full anley?

Fancy a top up old chap?

[anley] 25/4/2017 11:00

Looking at the new presentation I notice on Pages 15 and 18 that on the basis of all going well the combined NAV could be 26p + 21p = 47p per share.

I am not sure what to make of this except to sit and wait and not sell for the time being...............

[thehotticket] 25/4/2017 10:02

Ok
Happy to see alternative views
But you don't wait till last minute to raise cash.
Really happy to be wrong .

[ileeman] 25/4/2017 10:02

Great little read.

[soulsauce] 25/4/2017 09:56

Updated presentation, they certainly cranking up the PR.

[wordog] 25/4/2017 09:29

There are some exploration companies that have proved up a resource and living on £400000 annually

[thehotticket] 25/4/2017 09:29

Ok
Happy to see alternative views
But you don't wait till last minute to raise cash.
Really happy to be wrong .

[ileeman] 25/4/2017 09:17

Cash will last until October/November. Farm in target for June, cash not an issue.

[clickon] 25/4/2017 09:14

As Algy has mentioned before the majors get interested when the groundwork has been done. A lot of them are lazy.

[wordog] 25/4/2017 09:09

THT I think the c1.5mil will last beyond June, I'd expect them to go until October without fundraising as Long as there are no unforseen expenditures.

[maytrees] 25/4/2017 09:02

Good morning all

Many SPs take two steps up and one back.

Having been adding CLNR regularly during such mm activity mainly on the steps back, my holding is in the blue. I would be surprised if the blue does not inrcease in coming weeks or days even.

[thehotticket] 25/4/2017 09:01

Really a nothing rns and accounts show 1.7 m cash burn pa without purchases .

Cash call at between 2.5p to 3p to come.

If Cluff knows news then call will be to closed circle of friends.
If Cluff considers nothing happening then dilution offered to us outsiders.
That's how you will all know the true situation .
Cluff looks after friends and family before us .

[ileeman] 25/4/2017 08:52

You would think majors will be biting CLNR hands off to get a piece of the pie given their resource and location.

Some strong wording in recent RNS indicates they are close, not sure where he said June as a target?

[wordog] 25/4/2017 08:47

Why mention June as a target if they weren't already in negotiations?