Earl William De Le Warr is a non- executive director for Cluffy and would appear to move in high circles he also holds around 2.5 million shares in CLNR It now seems that Linc have stopped sniffing and done one ! WHE have got to be bargain of the year for a UCG petrolhead IMHO
Algy Cluff, the seasoned natural resources entrepreneur, remains unconvinced by Cuadrilla and friends’ dash for shale gas. “Good luck to them,” he tells Diary. “But it’s not for me.” Cluff, a self-confessed “loner” who has said he wants to “guide my own destiny”, is currently ploughing a lone furrow betting the farm that turning the North Sea’s coal reserves into gas is the solution to keeping Britain’s lights on. It seems major City players agree. The largest institutional shareholders in Cluff’s offshore “coal gasification” venture, Cluff Natural Resources, are Guinness Asset Management, JP Morgan and the hedge fund Odey Asset Management, who each own more than 3pc of the £6m market cap company that Cluff claims could one day be worth £1bn. It’s still early days, but Mr Cluff has also prepared a farm-out document to pitch for potential partnerships with energy majors and engineering groups. Sir William Siemens, the first engineer of underground coal gasification, would approve.
Beaufort Securities started coverage on shares of Cluff Natural Resources PLC (LON:CLNR) in a research note released on Wednesday morning. The firm issued a speculative buy rating on the stock.
Cluff Natural Resources PLC (LON:CLNR) traded down 0.75% on Wednesday, hitting GBX 3.97. The stock had a trading volume of 191,012 shares. Cluff Natural Resources PLC has a one year low of GBX 3.01 and a one year high of GBX 5.61. The stock’s 50-day moving average is GBX 4.13 and its 200-day moving average is GBX 4.15.
Separately, analysts at Panmure Gordon reiterated a buy rating on shares of Cluff Natural Resources PLC in a research note on Tuesday. They now have a GBX 13 ($0.22) price target on the stock.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.