CFR - Cluff Resources Pacific

[mobcat]

Keep an eye on this one people IMO it has it,s fingers in some nice dirt and some serious potential i first bought early July at 0.8 and for some reason today it,s starting to spike on a negative day allround great website for DYOR check it out could be worth an hour of you time enjoy http://www.cluff.com.au/

 

[mobcat]

Holding up beautifuly during the storm of late infact i bought some more oppies at 0.2 last week at they have gone up 50 % during all this BS latley one of my only perfomers of late and happy to be on board

 

[Sweet Synergy]

Has had some serious volume through today. Looks like it will probably break up through its falling resistance line shortly.

 

[mobcat]

Nice to see the action today I'm on ho-ls ATM in PNG so if keeps going like this CFR might stay a bit longer lol....... seriously good to see some action on this one today start of things to come MC around 20 mil but lots of good dirt , will put up some research when i get back home got this one pegged as a 2007 earner lets see how it fairs Monday first....... took a fist full at 1.3 on close so happy with the beer money ATM but I'm here for the bollie enjoy

 

[mobcat]

Well thats it for me guys iam free carried now sold at 1.3 1.4 1.5 looks like i can keep fishing lol i will need to havent caught much yet

 

[SevenFX]

You seem to be the only one posting here mobcat LOL :

So thought better post one, as volumes strong today as well, but not much movent in sp...YET...?????

Is this a hopeful (speckie) one of yours

SevenFX

 

[sparky]

Any updates on this...? I have heard a bit of talk on them lately, any news about anything they are doing?

 

[Datsun Disguise]

Best place for the news is from the ASX website sparky!

It sounds OK - story is that in the 80's the Tin price collapsed due to a poorly run cartel (or something) dumping years of stored inventory (kept off market to prop up the price) on the market. Tin mines closed left right and centre as it wasn't economic. So FF 20 years and Tin prices are improving, along come cluff and buy up a number of old tin mines for $3.25 and half a pack of ciggies and a drilling they will go. So they have resources but I'm not convinced of the companies mgmt credentials.... have a look at the investor briefings - i wouldn't be showing off the drilling rig they are using!! Sound like a bunch of good ol boys with a few rusty old toys.

but resource is resource - if they can manage to define it they should be worth a bit more than now - but with $2bn fully diluted shares on mkt, it won't be much more than a few cents.... Options at .001 maybe thats worth a punt...

 

[Datsun Disguise]

Well the .1 cent option punt paid off today - can't sneeze at doubling your money! Looks like the game might have changed a little for CFR - todays announcement an MOU with SAI engineering on some iron ore tenements in india - close to market, that's a plus.... Still got the regulatory hoops to get through but this one has now moved up a few rungs on my watch list.

 

[asx256]

all should be good for CFR/CFRO from now on. expect more drilling result and in fact more drilling programs within one or two weeks. forget about todays announcement!!!! this was just a worm up for their Australian Tin projects
so it is on my radar for sure.:

 

[moneymajix]

It would be nice to seem some NSL type movement with CFR.



CLUFF SIGNS INDIAN IRON ORE MOU

Four Iron Ore Mining Lease Applications, near Chitradurga in the Indian State of Karnataka, are the subject of a Memorandum of Understanding between Cluff Resources Pacific NL and Sai Construction, Engineers and Contractors, of
Bangalore, India.

The interests of Cluff in the proposed venture will be held by Cluff's 71% owned subsidiary, Elephant Gold Pty Limited. The 29% is held by consultants to and associates of Cluff.

The MOU makes provision for the establishment of a Joint Venture Company,
Karnataka Iron Ore Mining CFRO 0.002 0.001 Pte Limited, in which the shares will be held in the
proportion Elephant Gold Pty Ltd 60%, Sai Constructions 40%.


http://www.asx.com.au/asx/statistic...fr&timeFrameSearchType=D&releasedDuringCode=W



CFR 0.012c, + 0.001

CFRO 0.002c, + 0.001

 

[rob7string]

I recently made my first share purchase with CFR and i have to say im already starting to freak out a little bit.
I did my research and it seemed like things would be on the up for CFR but lately theres been little movement and also a -.01 decline today.
New drilling projects are supposed to start this week and with the recent placement issue i would of expected a little rise at least.

Can anyone give me any more insight to CFR?

Also, if i didnt make sense i apologise, im still learning!

 

[Datsun Disguise]

Hi Rob - welcome to the game. Don't feak out man! If .01 moves are making you nervous it would be best to stay away from the stock market!! It will keep you up at night, multiply those grey hairs and distract you from your best income producing asset (your job).

But, assuming that you just have first date jitters, it gets better with time and experience. One guy on here has the catch phrase "there's nothing like losing money to teach you how not to lose money." Very true - the point being just keep learning. You've made a good first step getting into the forums, there's some very knowledgable people on here - you'll find them.

Re Cluff - they should move up a little in the short term (6 months), the Tin is a good play I think and should be worth a few cents, the iron ore is just a patch of dirt so far, but prospective dirt so we might get some joy there longer term - if we can be bothered holding that long. But this is one speccie stock you've chosen! Cheap yes - but for a reason!

One hint - at this end of the market you'll find that options can give you much better leverage to SP movement. I've picked up CFRO at .1c - no cheaper price than that except free. The options are exercisable at 2.5c, so the option should lag the share price by about 2c. eg if CFR gets to 4.5c - options (CFRO) should be 2c - means 20x increase for my holding. If I had have bought the shares I'd be looking at about 4x. Just look for the expiry date to make sure you don't end up holding nothing.....

Again, welcome! It's fun!

 

[JTLP]

Hi Rob - welcome to the game. Don't feak out man! If .01 moves are making you nervous it would be best to stay away from the stock market!! It will keep you up at night, multiply those grey hairs and distract you from your best income producing asset (your job).

But, assuming that you just have first date jitters, it gets better with time and experience. One guy on here has the catch phrase "there's nothing like losing money to teach you how not to lose money." Very true - the point being just keep learning. You've made a good first step getting into the forums, there's some very knowledgable people on here - you'll find them.

Re Cluff - they should move up a little in the short term (6 months), the Tin is a good play I think and should be worth a few cents, the iron ore is just a patch of dirt so far, but prospective dirt so we might get some joy there longer term - if we can be bothered holding that long. But this is one speccie stock you've chosen! Cheap yes - but for a reason!

One hint - at this end of the market you'll find that options can give you much better leverage to SP movement. I've picked up CFRO at .1c - no cheaper price than that except free. The options are exercisable at 2.5c, so the option should lag the share price by about 2c. eg if CFR gets to 4.5c - options (CFRO) should be 2c - means 20x increase for my holding. If I had have bought the shares I'd be looking at about 4x. Just look for the expiry date to make sure you don't end up holding nothing.....

Again, welcome! It's fun!

Hi Rob & best of luck. DD, I think Rob's problem was that the .01 drop equated to a loss of 10% of his paper holdings!

 

[ian2382000]

up 20% today though and reasonable volume. Basically just got to wait for some positive updates which are supposed to be very soon

 

[YOUNG_TRADER]

Does look interesting,

I've grabbed a few at 1.1c

Lots of shares = lots of liquidity so should attract the traders,

Kinda reminds me of NSL early days mving into India

High Risk but High Reward

I'd say the placement at 0.009 would sorta provide support, although chart wise 1c now looks like very strong support

Cheers

 

[Dr.Stock]

For what its worth-from the steel guru news-www..steelguru.com/news/index/2008/03/17/Mzk0NTc

May 21, 2008


Update on new mineral deposits found by GSI
Dr T Subbarami Reddy union minister of state for mines said that Geological Survey of India has discovered new deposits of bauxite, manganese and iron ore in Orissa.

Mr Reddy said that iron ore has also been discovered in Karnataka and Tamil Nadu and graphite was discovered in Tamil Nadu. The other major mineral discoveries by GSI are gold deposits in Rajasthan, Jharkhand and Karnataka, base metal in Rajasthan, Maharashtra and Madhya Pradesh, platinum group of metals in Karnataka, limestone deposits in Meghalaya and Tamil Nadu and Clay in Kerala.

cluff signs iorn ore mou-8/5/2008 see asx

maybe a long shot but you never know
regards stock

 

[YOUNG_TRADER]

Alright who was it?

Who's the wise guy?

1 minute its at 1.1c I got to get some coffee and come back and 40m shares go through all but clearing 1.3c

So who was it? :

On a serious note, the thing about India its minerals is that well we don't know alot about them, I'm not sure what sort of Iron Ore deposits they have, ie size/grade etc etc all I do know is that the Indian's like the CHinese want Iron ore and they want it bad, you'd think they'd check they're own back yard, but then again they probably don't have the technical expertise of Aussie miners

Still will be interesting to see how this story unfolds

 

[moneymajix]

More dramatic increase in CFRO - went from .002 to .003c. A nice 50% gain.







See details of Placement on 15 May.

http://www.asx.com.au/asx/statistic...fr&timeFrameSearchType=D&releasedDuringCode=W

 

[Wilson!]

YT, are you still holding?
I am holding cfro and cfr as well.

Certainly is looking interesting, and kept its head up at the close today to close at 1.6c and .004c oppies

Just once I want to be the guy holding the stock that goes from 0.003c to 7.7c in a week