Member Info for Sjm321

http://www.movehut.co.uk/property/504086-the-old-fire-station-150-waterloo-road-london/

Could be this...

Exactly Sparster, I’ve just been taking a look at a few recent articles in the Kitco site.
Make for some interesting reading:
https://www.kitco.com/news/2020-05-27/-Rocks-beat-stocks-gold-is-still-on-its-way-to-1-900-Bloomberg-Intelligence.html

And my personal favourite:

https://www.kitco.com/news/2020-05-27/Gold-to-see-5-000-9-000-price-levels-in-10-years-In-Gold-We-Trust-Report.html

All things point to this being the beginning of the bull run for gold in my opinion.

CD I think this may be a case where the market will only believe it when they see it. Which is fine by me as topping up at these levels/ any pull back seems like a no brainer. The BOD must be getting frustrated now as even a great RNS has had no effect whatsoever to sentiment. He even touched upon this in his last interview.

There must be a massive order filling or more warrants being cashed. It’s being held at this price the question is why? In my opinion of course

Great news.
Personally my favourite part:

The Singida reserve sits within a substantial resource and is located on a 4.9 km strike in a highly prospective greenstone belt. The reserve represents just 26% of the existing total contained resources and is nearly all within only 120 meters from surface, highlighting the potential for reserve expansion. The Project is fully permitted, and financing discussions are well advanced with an announcement expected soon."

Nice step in the right direction.
Positive RNS with all the macros looking good.

https://www.kitco.com/news/2020-05-21/Will-private-gold-ownership-be-banned-if-inflation-runs-out-of-control-Odey-thinks-so.html

Note that the real run up for gold is predicted to be later on in the year/ start of 2021.

I just can’t understand with these persistent large sells how there has been no TR1s issued recently.

The question I keep asking myself is where will we be in 12 months time. Will I look back and kick myself for not lapping Up the shares at such a low price. Or will I look back and wonder why I didn’t sell. Fundamentally nothing’s changed. Demand is still strong for natural gas futures as stated in the last update. What’s everyone’s thoughts?

The

Apologies they upped it by 65%. Not sure where i pulled that first figure from!

Pretty sure they’ve upped their exploration budget nearly 8 fold too. May be more or less going from memory.

As you said Mike, personally I don’t value the OGA awards highly given the circumstances. All hypothetical value currently in my opinion.

As a director myself, the only thing I would be focussed on would be drilling asap and comforting shareholders with some positive news which in my opinion would be some interim results on the shearwater project. Yeah

In light of the circumstances you would have thought cluff would have tried to push a little info out in regards to the shearwater research as if I remember correctly it said we may get some Interim results back before the main ones are due later this year!

Agreed some level of cash preservation and due diligence would have shown us shareholders a bit of an understanding of our pain. Barely any transparency hasn’t done them any favours whatsoever. Just an explanation as to why they have employed a CFO would go a long way.

Apologies I mis read the timescales.

We are ultimately the ‘remora fish’ in this scenario. Whichever way shell turns we go. I completely agree that the salaries are ridiculous in comparison to the performance of the SP however I’m not sure any other director in the cluff hot seat could have made any drill decisions come quicker. We’re still a few months away from NOV, but in regards to the Selene prospect, I would hope the management team are negotiating with the OGA that the current global situation has pushed back the schedule and that it is not fault of cluffs. I know I would be doing everything I could to do so. This is all in my opinion obviously and only time will tell.

Doubt it until that Singida resource drops. Then we will sail past 15p in my opinion. Until then it’s drifting with the tide of the gold price!

Hi Mike I too share your frustration as I have been here for years. Averaged down along the way to about 1.7p but sat on a sizeable amount of shares (for me). Were in the midst of a global pandemic which has shattered a lot of companies plans for this year. Ultimately cluff/deltic whatever it’s called is sat on some very good assets and will in time come right. The key here is patience and although shareholders here must be at the end of their tether just imagine what a lovely position we will be in once the gas starts to flow. Stay focused look for opportunity elsewhere to bide the time and hopefully we may have a positive RNS sooner or later. All in my opinion of course but good luck.

Thanks S. much appreciated as is your usual input in this board. Learnt so much in such a short period of time from a few on here.
Keep up the good work.
Sam