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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme




Share Price Information for Cluff Natural (CLNR)


Share Price: 2.925Bid: 2.85Ask: 3.00Change: 0.00 (0.00%)No Movement on Cluff Natural
Spread: 0.15Spread as %: 5.26%Open: 2.90High: 3.025Low: 2.80Yesterday’s Close: 2.925

Cluff Natural Resources Plc Ord 0.5P

Cluff Natural is listed in the FTSE AIM All-Share
Cluff Natural is part of the Financials sector






Share Price SpacerPrice
2.925
Share Price SpacerBid
2.85
Share Price SpacerAsk
3.00
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
8,050,341
Share Price SpacerOpen
2.90
Share Price SpacerHigh
3.025
Share Price SpacerLow
2.80
Share Price SpacerClose
2.925
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 548.82m £16.05m 50,000

52 Week High 5.10 52 Week High Date 8-FEB-2019
52 Week Low 1.58 52 Week Low Date 22-NOV-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
60 3,172,959 2,472,441 -6.359 -0.46 0.00 0.00


London South East Users info for Cluff Natural




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

20-Feb-19
10:43:19
2.90
10,000
 
2.80
3.00
290.00
Trade Type:
Ordinary

20-Feb-19
10:41:33
2.80
25,188
Sell* 
2.80
3.00
705.26
Trade Type:
Ordinary

20-Feb-19
10:36:44
2.90
30,000
 
2.80
3.00
870.00
Trade Type:
Ordinary




View more Cluff Natural trades >>

Directors Deals for Cluff Natural (CLNR)
Trade DateActionNotifierPriceCurrencyAmountHolding
21-Apr-17Notification of Holding
Trade Notifier Information for Cluff Natural Resources
J G (Algy) Cluff held the position of Chairman and CEO at Cluff Natural Resources at the time of this trade.
 J G (Algy) Cluff
0013038502
04-Nov-16Placing
Trade Notifier Information for Cluff Natural Resources
J G (Algy) Cluff held the position of Chairman and CEO at Cluff Natural Resources at the time of this trade.
 J G (Algy) Cluff
2.5GBX1,000,00012067914
12-May-16Buy
Trade Notifier Information for Cluff Natural Resources
Christopher Matchette Downes held the position of Non-Executive Director at Cluff Natural Resources at the time of this trade.
 Christopher Matchette Downes
1.23GBX89,5280
View more Cluff Natural directors dealings >>


bogs
Posts: 141
Opinion:No Opinion
Price:2.925
RE: Dick
Wed 23:03
No, I understand. Thanks.
dickupham
Posts: 933
Opinion:No Opinion
Price:2.925
RE: Dick
Wed 22:58
bogs - nothing's confirmed until the money's in your bank account!!

Sadly, I don't own a crystal ball and don't claim that my views are right - in most cases it's easier to demonstrate that others' views are wrong - or at least based on thin air.

GL - hope you make a stack.
bogs
Posts: 141
Opinion:No Opinion
Price:2.925
Dick
Wed 22:31
No problem, just confirmes I made the right judgement...not easy on AIM .
dickupham
Posts: 933
Opinion:No Opinion
Price:2.925
RE: Dick
Wed 22:20
a1m1 - please humour me and read what I have already linked at least twice and explained my thinking on more than that. If I am wrong in my understanding of what is written in the shareholders' document of 11/10/2017 (linked again below: please read resolutions 2 & 3. The section ends: "The authority sought under Resolution 2 and Resolution 3 will expire approximately 15 months from the passing of these resolutions"). Then explain why I am wrong to believe the Company can't issue any more shares for placing until shareholders say otherwise in a general meeting.
https://www.cluffnaturalresources.com/wp-content/uploads/2017/10/Cluff-Natural-Resources-Circular-FINAL.pdf

I accept this doesn't exclude right issues. But imv it would have to be underwritten not to fail. Maybe Spencer would underwrite one but I disagree strongly with you when you say that now would be a good time to raise money to cover events more than 18 months down the line. With one, maybe two, licences farmed out to Shell and a further 5 (ignoring P2248) still to farm out, with combined prospective resources of 2 TCF+ net to CLNR, do you seriously think about £15m is anywhere near a fair value to apply to CLNR? I don't. And nor will CLNR's directors if they're sane. The share price is where it is because there's been a big seller in evidence. You're looking only at short term price, which is the wrong thing to be looking at.

You know nothing about me, my background and experience, who I talk to, what sums I'm used to investing or anything else. Yet you feel it appropriate to tell me (and everyone else) I lack experience (you have to be joking) and untruthfully say I have stated definitively what will happen in the future. I haven't. Many things might happen - I've simply said what I think is most likely and backed up my views with explanations. You have consistently presented 'facts' I have demonstrated are wrong.

It is quite possible the Company will feel it's wise to raise money for working capital if it can't, for instance, raise money up front on future licence farm-outs - but what's raised is unlikely to be beyond its immediate needs (say next 12 months). So wholesale dilution seems to me to highly unlikely. My personal view is it's more likely CLNR will end up on someone's shopping list. The fact Algy promoted an accountant and not an oil man to CEO when he stepped up to non-exec chairman seems relevant to me in this regard.

Half CLNR's problems stem from the fact the share register contains a lot of day traders who concentrate on price to the exclusion of everything else, which they would be unable to understand even if they were interested. They cause huge SP volatility by jumping in and out on a whim.This causes great difficulty in making future plans that depend on cash.

If I was Algy, I'd look on things now as too difficult and sell. Please form an orderly queue.

all imo - dyor
dickupham
Posts: 933
Opinion:No Opinion
Price:2.925
RE: Dick
Wed 20:05
..........thank you, bogs. Much appreciated.
View more share chat for Cluff Natural (CLNR) >>







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