Member Info for Early_Bird

Looking fab!

Yep I'm liking it a lot

Selene farm out decision still on track as per recent update progressing well.

If they give the go ahead I'd expect 2p+ here

TA looking great. Big news also due

very nice indeed if so, thatll be enough to self fund production. Plant already up and running so capex will be minimal too

I wonder is cashflows from Kalaba can be used to minimise dilution going forward too!

A few fellow investors have had coms with the company. Funding isn't cancelled, remember its underpinned by our two largest shareholders who own 50% of the company. Work on the ground is carrying on as normal, each day we are still getting closer to production so unless you wanted to sell any time soon it doesn't alter the end outcome.

Jersey listing just needs reinstating, its an admin error that has occurred and should be simple process to resolve, days not weeks.

cash commitments are only if the farm in execute. If not then we are still trading sub cash with low cash burn. 0.96p per share in cash, in any liquidation event we would get back 0.96p per share which is more than current SP.

Risk v reward here is about as good as it gets, upside comes on Shell executing their farm in and carrying a big proportion of us on a number of drills, Selene being the first

Should take days not weeks to resolve, operations still continuing on the ground so doesn't really affect anything apart from slightly embarrassing for the company and perhaps a week in suspenders.

trading 25% sub cash so there isn't downside here. Easy pickings to tuck up and wait

delayed due to covid19, but doesn't change the investment case here. Looks better than its ever been, Trading sub cash with potential game changing farm out decisions due.

Covid19 is a temporary problem, this will get chased hard in due course.

In the process of scaling in.

Raised £15m at 1.75p summer last year. Still have £13.3m cash in kitty as of last month. Have farmed out to Shell with decision due on Selene licence due this month...

nice preso https://www.youtube.com/watch?v=4Ptx37oxr9k

Yep last dregs of the sellers being flushed now which is great and what an opportunity they have given us to buy at these all time lows, especially given historically this is the best time of the year to buy given drilling is about to kick off as wet season ends. 2019 it did 2.4p to 5p and 2018 it did 2.2p to 5.5p in 3-4month timescale from this period into summer.

News on hole 5 also due, referred to in the preso as "Massive Sulphides" this could be a game changer here to the majors wo are already in the data room.

Feeling very excited about this one

huge move!

SP here has gone from 1.25p to 0.175p yet from todays update it would appear the business is better than ever due to Covid-19!

should see some big traction here

That is some hefty salary.. I had no idea. Even £180k is heavy for a £2m cap company

Turned a corner and has shed the traders. Strong pipeline of newsflow. This is a fantastic area for accumulation

Yes sorry to hear that fella, all the best wishes to your friends family

So I have been scaling in here at the lows.

£13.3m cash vs £10m cap. Even with projected admin cash burn will have more cash than current cap by YE

"Cluff remains in a strong position from which to deliver exceptional growth. We remain fully financed for drilling activity and have multiple upcoming catalysts for growth from our existing and potentially expanding portfolio via the UK Offshore Licensing Round."

Free throw of the dice here where downside.. is upside.

Can see this back at 3p in no time to be honest.

Drilling is about to kick off, the company have £2.2m plus $5m incoming for next season.

Will we see the company JV some of their targets that they haven't drilled yet? To me it would make sense to as their licence area is far too big for them to do it all anyway. They know Cheyeza East is a potential Elephant so can keep drilling this one and retain 100% of it, whilst JV can give free carry on some of the others... just my opinion

seller is done IMO, the last sell wasn't a round number and the book in to close was looking very nice.
Lets see tomorrow