Member Info for wordog

the mkt cap was 1.6mil, they raised 1.2mil, 10mil in assets and revenues TBC but probably 1.5-2.0mil. BV Tech now effectively own the company and have better route to market.

Less for the additional funding the main highlight for me is the potential of BV Tech as a majority stakeholder rather than strategic partner. Their interest in DFX has increased significantly and they are unlikely to let it fail at this point. The board clearcut was a shrewd move and cements their personnel in key positions in the company. DFX product line, employee status and core skills and business, as BV Tech mentions will not change. They obviously believe that these components are not 'broken', but rather the B to B to C business model. A quick transformation in strategy could see this fly quite quickly. Read the BV Tech description below. In 2016, BV Tech generated a production value (valore della produzione)1 of approximately �32 million and it employed 193 employees on average during the course of the year, including engineers and IT experts. In the same year, the BV Tech Group generated a production value (valore della produzione) of approximately �56 million. BV Tech expects to invest over �30 million in R&D over the next three to four years, including through its collaboration with the Massachusetts Institute of Technology (MIT). Significant customers of the BV Tech Group include the Lombardy and Veneto regional governments, the Italian Ministry of Justice, TIM (Telecom Italia Mobile), American Express, Alcatel-Lucent, NATO, Bulgari, Eni and Saipem.

MS currently holds 6.31%, another �6mil would practically be a takeover, I think we will see a mixture of subscription shares in an open offer and MS filling the gap and becoming a majority stakeholder. "Cluff Natural Resources Plc, the AIM quoted natural resources investing company, announces that it was today notified that IPGL Limited, a company controlled by Michael Spencer, the founder of ICAP and NEX Plc, acquired 25,000,000 Ordinary Shares in the Company on 27 October 2017. As a result of this, IPGL Limited is now interested in 25,000,000 Ordinary Shares in CLNR, which is equivalent to 6.31% of the Company's total issued ordinary share capital."

I�ve looked at the interim report and the recent updates in Feb re cash and debt. Less for a reduced revenue stream and fundraise in the next 2 months the company is still alive and has a decent line of products. The business model a d trade receivables have impacted poorly, but they aren�t going to go bust, at least not for a while.

Mkt Cap �1.2mik now, they have half of that in cash! Assets were assessed at c�10mil in the last financial report. Net debt �1.4mil (�1.2mil of which are bonds convertible at 200p) Revenues will be down but still a couple of mil. This is mega cheap.

Is going to be interesting.

The first time they opened the data room the analysts noticed a anomaly in the 3d seismic data which could have been interpreted as something which could effect the seal of one of the reservoirs, in Cadence i believe. This was reprocessed, derisked and republished to show that the seal integrity would be good. Another factor was that there has been a lot of M&A activity in the north sea amongst the majors, this has detracted from exploration projects as the companies look to rebalance their portfolios and change strategy. Since then company have admitted that they targeted mainly indigenous companies or companies already involved in north sea exploration and production, I believe this strategy was heavily affected by the M&A activity and associated uncertainty it produced. They are now, through Envoi, looking to cast the net wider to find a partner. The fundamentals are still very attractive, the P1 resource is huge and chance of success in normal range so they still have a chance but time and cash is against them a the moment. And hey, if they can raise �6mil they can drill it themselves, but that's unlikely. I think we might see CLNR raise some cash and a partner pay the rest as a realistic outcome. Let's see.

That’s a good rant. And quite funny too, well done.

Just had a poo, it was about a 4 on the Bristol stool chart - I believe it's called a smooth snake. Interesting post a1m1nvestor, for 2 reasons: 1. I've been invested in this share since the UCG project (you'll have to look that up i'm sure), and i'm still holding. So i haven't just turned up trolling. 2. Somewhat ironically you have only 8 posts to your name and have turned up here ramping.

It showed delayed, but i suppose you won't believe me so not sure why i'm bothering to respond. Just walked the dog, i'll let you know when i've had a sh*t.

Read the post, it showed as a buy. I've been here much longer and showed more patience than most would. Everyone has a cut off for any investment, this particular one is getting too close to the fund raising and licence deadline (Apr/May) thus i'm reducing my holding in line with the increased risk. Anyone who doesn't see this as a risky investment is wired to the moon.

My first ever chunk of CLNR shares today, my cut off was always end of March to break clean of the investment but decided to retain 65% of my holding. I think that the risk has increased with this so decided to derisk my investment, despite a 25% loss. PS my sell shows as a buy.

Mkt Cap £1.43mil Cash £0.60mil Revenues £0.50mil (cloud storage) Plus revenues for mobile platforms which are lower but not zero. Seriously undervalued, I think they will publish results soon which will push this higher.

Well it definately will happen, the company have said so. They had about 700k left at the end of Jan and are burning 200k per month and have quoted that they are not recovering their trade receivables. Theoretically they have enough cash until the end of April at the very latest. But look at the Mkt Cap, it's about the same as what they paid for MemoPal, even with results being "materially lower" for this year is it really as bad as the current Mkt Cap suggests? Any good news and this will fly high, but buying now is a brave move i suppose, that said they will most likely want to pump the share price before a placing.

Enough cash to last until May at the longest, expect JV or fund raise before then. However, the next fund raise could be a big one, to self or part fund a multi well drilling campaign as mentioned in the last presentation.

Today’s buying patterns and quantities today was random. Very odd

https://www.cluffnaturalresources.com/wp-content/uploads/2018/03/Oil-Capital-14.3.18.pdf

Exactly, they could be out competed in the next licencing round. CLNR have mentioned that they are looking at other self financing solutions previously as a fall back option.

�6mil to drill vs the potential upside and CoS is crazy value, that�s why I�m still here.

Excitement over! zzzzzz