Member Info for LtdAxis

Presumably all the i’s have been dotted and t’s crossed on 2252 as a seismic/well commitment needed to be tied up by today too .... depends on difference of definition between ‘well work programme’ and ‘ firm well commitment “ I think it’s been in the bag all along personally ... “Licence P2252 extended subject to the Company committing to a seismic and well work programme by 28 February 2019 · Licence P2248 extended subject to the Company being in a position to make a firm well commitment by 28 February 2019

Have CLNR already logged their commitment to drill re 2248? Or is this just based on their licence requirements to make a commitment? “CLUFF NATURAL RESOURCES (London: CLNR) – mkt. cap. £15.23m Web: http://www.cluffnaturalresources.com Email: admin@cluffnaturalresources.com Tel: +44 (0) 20 7887 2630 Corporate office address: 5-8 The Sanctuary, London SW1 CEO: Graham Swindells Directors own: 3.86% Three well exploration programme, Southern North Sea (spud Summer 2019) – 100% CLNR interest (subject to farm out) Resource estimate: 4.3 TCF P50 prospective resources Chance of success: not yet communicated

I agree. It’s imperfect and prone to failure , but great when it works . I only deal with CLP and a handful of other ‘risky’ shares from one pot which is specifically for AIM and nothing else , and has in a sense been written off in my mind before I start . Of course I want to make money , but I’m not interested in waiting 2 years for a return that may never come . By contrast I have other SIPP and ISA investments that are the opposite , and although I keep an eye they tend to fend for themselves . To be honest AIM stinks and it encourages all the worst habits and decisions based on quick profit rather than longer term returns . But it is what it is, and I’ve learnt that it’s the only way to play it . Saying that , occasionally the patient will be rewarded ...but generally we all get shafted more often than we care to admit . GLA

The 822,341 and 1 million sells this morning were mine . Including dealing charges I made a profit of just over a fiver . I still hold 4 million @ 0.605 av. I sold to make a quick trade elsewhere and now have the same amount + £650 to put back in here or elsewhere if I choose . Not trying to claim it’s a good or bad idea , but it’s what I did . It shows demand is still slack here above 0.6p Could change in a flash . GLA

I believe that CLNR will make enough commitment to the O&G authority to self finance a well ( one has already been in the system for a while ( see upcoming drills) that this will stave off relinquishment of the licence until end of May at the least ...and in the meantime they will still look to farm in/out JV etc Just my opinion.

I believe clnr have been exploring alternative funding arrangements ( from previous RNSs )...so quite likely they have committed to a well off their own back ( or Spencer’s) to extend the licence. It would be a real waste for them to relinquish now .

Wonder what time news on the licence will drop. Don’t put it past Algy to pull a surprise out of the hat!

...concede he has a much better insight than me ....

Posting late night after a glass or two following a frustrating day ( trying to tie up a deal) is always inadvisable , and I apologise unreservedly if any of my comments come across as a personal attack on RKB...which is in no way intended. I respect his posts and research even if I don’t always agree with him ...but concede he has a much The sun is shining and the share price is picking itself up off the floor. Good luck to all investors, whatever their personal strategy . LA

My real point is that the poster who’s name is in the title thought that the FC settlement would be at the high end of the £700k- £5 million range, all bond holders would convert etc etc Let’s set more realistic expectations based on RNS’s from the company, not obscure and sometimes fanciful musings on what might happen....

Thank you Timmit. Point taken ( again ) :)

“The clearly defined money owed to it” requires extraction by hard legal work and only a percentage of the total will ever be recovered , although with FG at the helm that may well be a healthy % .

We have had a partial debt reduction (or reallocation of debt from bonds to shares i.e improved balance sheet v dilution of value), nil (or virtually nil) revenue, bar a few quid from a teenth of a bitcoin and cash from the FC settlement that just about covers the loans to Eufingest rescheduled for settlement on 31 March.

Expected next news is the long awaited umpteenth appeal on the Mediapolis land.

It is no wonder the mid price is sub 0.6p, which could be argued is overpriced, seeing as we still have significant debt and virtually no cash.

However we are due a lot of money. Question is can we get it. The Mediapolis land issue shows how protracted recovering assets can be. And the fortune cookie case , IMHO, showed that we are willing to take an 80% reduction on what was initially sought, just to get hold of any sort of return which doesn't bode well for future negotiations on other assets, all of which will be noted by serious investors.

Floated ideas of reverse takeovers, water parks full of tears of joy etc etc, are IMO fanciful and misleading.

This is hard nosed, protracted and difficult asset recovery mixed with astute debt reorganisation, which isn't pretty, is opaque and hard to understand, and as a whole is highly unattractive to investors in the current climate.

I see 1.2/1.4p max, which still makes a buy in price of 0.6p alluring, but still very risky.

But I'm a gambler and have added 4.3 million @0.6p over recent days/weeks. I'm not putting a negative spin to get more shares as I have enough. I just want to see concrete news from the company , not fanciful ideas from spin doctors with their own agendas that have no basis in fact.

GLA

I agree that nominee companies would provide that info to clp and your point about trades averaging out and so not overly affecting the holding % is true. My point was just that , say within a 3 month period, the % held in a nominee account may rise and fall by an amount that would be notifisble for an individual , but would not necessarily be updated by HL say. If clps website had ‘live’ or daily updates on all nomineee account %’s we would know much more , but they update only once or twice a year do they not? Good price to get in though ;)

I made a perfectly legitimate point Dhsox. %s in nominee accounts can rise and fall substantially without the market being informed each time...so there is no way of knowing whether the bond holder(s) still have all their shares or not , unless Vidicis or any other nominee companies like HL keep a running daily update on the % held of each companies shares ?

Good morning RKB and Thankyou for your post . I await news patiently .

The trend is gradually upward if you take out the spike after the SHELL RNS. Tight holders will be rewarded. GLA

The question returns as to the disclosure rules regarding holders with shares in nominee accounts . We don’t know how many individual bond holders converted but some or all may have instructed their new holdings in CLP shares to be sold off in chunks and the proceeds invested elsewhere with a higher expected return than leaving them here....which may explain the gradual drift since the admission of the shares after conversion . Having already been shafted once they might not want any clp shares left in their portfolios .

It was the million sell afterwards that dropped the bid .....

How long does it take to file an appeal ?!