Member Info for ParanoiaBlue

http://www.investegate.co.uk/Article.aspx?id=201005251311565057M

I was wondering why this share has been performing pretty poorly, recently. Then, I notice that the kiss of death, FSM1, is posting over on iii.

I think the door is still open, as far as a bid is concerned, but they speak about a price, “at a significant premium to its recent three month trading average.”

Chief Executive, Nick Grimond, will make the following statement about current trading: "The business is trading in line with management expectations for the year and there are significant potential new business opportunities on the horizon both in the UK and mainland Europe. "Cash flow remains strong and I am particularly pleased to report that the Group maintains a positive cash position."

http://www.investegate.co.uk/Article.aspx?id=201005250700074539M

More good news: Douglas Chikohora, Technical Director of Cluff Gold commented: "We are delighted by the positive assay results. We are firmly on course for achieving our timetable to prove up our Baomahun asset. We expect to announce the revised resource estimation in the next couple of weeks and the Preliminary Assessment (Scoping Study) in June. At present, our belief is that Baomahun could become a much larger deposit and as a consequence, our priority is to focus our attention on this project. The airborne survey commenced at the beginning of May and preliminary results from this are encouraging."

http://www.investegate.co.uk/Article.aspx?id=201005250700084600M

..after a quick scan, seems quite a positive statement Let’s hope that the Markets hopes so.

In February 2010 we were approached by a number of companies which expressed an interest in acquiring the Company and asked for permission to carry out a due diligence process. On the basis that the Directors and senior management have the responsibility to maximise value for shareholders, permission was granted. However, it is the view of the Board and senior management that this is not the appropriate moment for the Company to be sold, unless it is at a significant premium to its recent three month trading average.

"Finally, our destiny is naturally allied to the gold price, which currently (at over US$1,200 per ounce) renders our margins attractive" I don't know if they hedge - in the present environment, I hope not.

There are signs that some governments, most notably and regrettably in Australia, are mounting an opportunistic attack on the mining industry's profits, which we urge the governments of West African nations not to follow. These countries have established sensible mining investment codes which have resulted in West Africa being perhaps the most compelling mining destination in the world at present as the geology is complemented by workable tax environments. To change this formula would, I submit, be dangerous except insofar as any royalty increases be accompanied by the introduction of a sliding royalty scale to protect profit at lower prices.

Algy Cluff said today, "2009 saw the Company make positive progress with both the Kalsaka and Angovia mines, following their commissioning, producing gold very near to our 100,000ozs annualized target. In 2010, we are confident that total production will meet this target and we intend to make additional progress on proving up our Baomahun gold project. The strengthened management team is already delivering improving results, evidenced by the production figures at reduced cash operating costs in 2010 to date, and I am delighted that our cash position continues to improve. Our intention in 2009 was to consolidate our position from where we could move forward. We have certainly achieved this judging from the progress we have already made in 2010."

http://www.investegate.co.uk/Article.aspx?id=201005250701064638M

....as ever :)

..today guys!! :) Let's await the good news. NB Bullion is heading only one way!!

....”Old Cluff” ;)

Speciality pharmaceuticals company BTG exceeded its financial goals in fiscal 2009/10 as it moved solidly into the black. Profit before tax in the year to end-March 2010 totalled £9.1m, compared to a loss of £11.3m in the preceding year.

.. a reasonable spread

And also we’ve had three very positive RNSs since then, and also the possibility of a potential takeover. The more I think about it – the sillier this share prices looks! Excuse me, I’m about to roll about on the floor, in fits of uncontrollable laughter, for a while.

We are getting down to lows, not seen since towards the beginning of the year