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Big week ahead for Cluff
They need to tell us what they have been doing for the money?
Good luck all
So do I Mike maybe one day we’ll be celebrating our investment decision rather than waking up to another meaningless RNS and moaning about it.
Have a good weekend all.
https://www.energyvoice.com/oilandgas/north-sea/228514/cluff-natural-resources-remain-on-track-and-operations-are-unaffected-amid-oil-price-crash-and-covid-19/
I’m not sure it may have posted before.
Sjm I respect your opinion and trust me I really hope you are correct
There could be many prospective reasons and many that bare bones relevance. But all I know is it’s A 3 minute drive, just round the corner from Shell.
All I know Mike is I believe my shares are worth a lot more than what they’re currently priced at by the MMs. If anyone sells their share that means someone is willing to take them off their hands. If cluff get a well on anyone of their assets this will fly. Take a look at GGP and their back story. Gold explorer were trading in the 0. Pennies. Just proved up a JV with a mining giant and now their shares are at 10p MCAP 300m. They were in the 0.pennies for years. I’m not saying this will be a repeat as I don’t have a crystal ball, but for what it’s worth we have some good assets with a world class farm out and one day we may get a bloody drill down there. All is my opinion of course.
Maybe it’s bigger offices for a merger with a proper company?
Mike I remember the statement by dickupham very well, indeed our shared view at the time that not only was the placing uneccesary in June 2019, as time as clearly confirmed, the way it was done gave control to an elite of investors. At the time and before the Placing completed, I challenged the Brokers handling the placing, as I wished to have a piece of the cake. I was denied......not a happy bunny. I have stuck with the company whereas dickupham discharged all of his holding following concerns regarding Algy Cluff's successor.
Hi Gloster
I agree that moving offices seems small but as FD quite correctly points out this is just another rns with no clear explanation to go alongside all the others
Gloster so you believe the owners of Companys are not entitled to good information? In this instance we have not been told that the present office has been relinquished or not. For all we know it could still be occupied by Cluff. There is no reason for the move. All that was needed is a simple statement.
This is not the first instance of poor information.
Gloster you are clearly not invested as if you were would not be so insulting.
Have you been in the sun too long?
Gloster with respect I don’t think you even knew of half the questions I have just raised
Morning FD
Do you remember dickupum he said they were clueless and with hindsight I understand why he said that
Raising 15 million at that time was premature to the extreme it was almost as if they were so excited at having attracted Shell they needed to prove they were a credible partner the very next day
The reality is if they had raised a couple of years working capital when the shares were sat at 3p we would have been in a far stronger position than we are today and likely wouldn’t have a weak institutional shareholder absolutely destroying the share price
Questions for AGM
Where are the FID’s?
Will OGA agree for FID for 2252 be pushed back and if not how long after FID can we expect to drill
When will Selene be drilled is it likely to be now dropped
Why are we applying for more licenses which will incur yet more costs when we are nowhere near cashing in on our existing licenses
Why did Algy really leave
Why waste money changing the company name
Why have a joint broker
Why take on a CFO
Why move offices
Why not demonstrate some cost control
What has been done to justify the bonuses that have been awarded and who awarded them
How can they justify these huge salaries
Why wasn’t the AGM open to all shareholders are they frightened of hearing some home truths?
Why did 2 directors buy such a small amount of shares
FD I think the market has lost trust and major shareholders rather than bailing should be setting some objectives before my greatest fear is realised and they squander the remainder of the money without drilling a well
https://www.investegate.co.uk/Index.aspx?searchtype=1&words=change+of+registered+office
Look at how other companies handle this. They don't provide reasons as it's just an administrative matter. Just shows how salty and unprofessional investors you all are, whining over such a small matter. Do you want the BoD to update you on their bowel movements or do you guys just enjoy typing the text equivalent?
Communication skills of this Exec. is very poor. Time and time again we discover or are told of important issues in a brief and undetailed way. Don't expect to know how many paper-clips are being used, but fundamentals, like moving office does require even a brief reason, but nothing. Hence we are left guessing.
This is rapidly becoming an Autocracy. Unless the behaviour of the Execs changes in a way that protects and enhances Shareholder value , disillusion will grow.
Unless he knows something ordinary PI's do not, cannot believe Michael Spencer is comfortable with the way this company is being managed.
MMs seem happy to take 600k shares in one hit...hmm
Is it leading to a fire sale ?.
Or is it just a move up in the world ?.
Not being unreasonable Mike007 . Hope you are one of the two selected .
IdToday 08:57
like to know the reasons for moving and are they taking a pay cut ?
A lot of the country is struggling at the moment, these guys are not making any money, taking a fat salary and doing sweet FA !!!
I disagree they are doing something presiding over share price decimation and sitting there hoping it will improve or not
Link worked fine for me, you don’t just click it,
copy the whole of the text and paste into browser address bar. Then it’s fine.
BadA not that I think it’s worth anything but it’s 0.5m closer to the shell centre
Big 500k seller out and about yet again
like to know the reasons for moving and are they taking a pay cut ?
A lot of the country is struggling at the moment, these guys are not making any money, taking a fat salary and doing sweet FA !!!
Unless they tell me differently I will assume they are being extravagant and wasting yet more shareholders money
On reflection I don’t think am being unfair because they tell us very little and the very fact we are examining a change of address rns says it all really
This is a joke right ? They were closer before.
Sorry guys. Link doesn’t work basically their new office is 0.5 miles from the shell centre. Not sure if coincidence or what not but it’s basically round the corner.
https://www.google.com/maps/dir/Shell+Centre,+Bishop's,+London+SE1+7NA/150+Waterloo+Road,+London/@51.5021,-0.1143245,15z/data=!4m8!4m7!1m2!1m1!1s0x487604b83c64d03d:0x4b10da728b957f6f!1m2!1m1!1s0x487604ba30e0cd21:0x804458b287b711f!3e0
https://www.google.com/maps/dir/Shell+Centre/150+waterloo+road/@51.5040507,-0.1138401,16z/data=!4m8!4m7!1m2!1m1!1s0x487604b83c64d03d:0x4b10da728b957f6f!1m2!1m1!1s0x487604ba30e0cd21:0x81b4cea41d776fec!3e0?hl=en-gb
Is this a coincidence?