CFR - Cluff Resources Pacific

[YOUNG_TRADER]

Hey Wilson

yeah I'm still here, but I did take some off the table at 1.6c, I never expected this to go up 50%-60% in 2 days thats just crazy!!!!!

As with all these high risk high reward specs I always look to take some off the table if they run up too quick as that reduces my risk and brings my holding cost wayyy down,

So now I can afford to bottom draw these and see what eventuates


CFRO hey? 2.5c exercise, hmmmm could provide alot of leverage if they pull a rabit out of the hat, but very very high risk an all or nothing play imo

Cheers

 

[Wilson!]

Re: CFRO hey? 2.5c exercise, hmmmm could provide alot of leverage if they pull a rabit out of the hat"- high risk, yep sure is mate
If they pull the rabbit out, and heads are even just say 5c, then cfro will be 1.5c!!!

Thats a substantial gain.
Worth a punt with a stop in place.

 

[rob7string]

Hey guys

Shame the sp didnt continue an upward trend today, but i have a quick question.

In the last announcement they mentioned drilling in NSW would be started last week. There hasnt been any recent news so im just wondering if a report should be coming soon?
Also, when could we expect news about the development of mines in India?

sorry if they are stupid questions, im still learning!
Thanks

 

[camaybay]

Iron in India : Early August is the expirey time for "due diligence", 10 weeks from 8/5.
If a goer the next important time is 6 mths; nov 08

Cheers

DYOR

 

[rob7string]

New announcement came out late today, just in case any of you didnt know.

I have to say it was a dissapointing announcement with the Little Bygoo tin drilling results showing no tin mineralised zones.
Hopefully the use of their new angle drill will provide some better results.
I also look forward to the continuation of the Egerton drilling.

 

[Datsun Disguise]

The other interesting thing to note was the report that they expect to release in July on the iron ore project. That should warrant some attention and get some sp movement happening. Otherwise - all a bit of a disappointment today...

 

[Datsun Disguise]

Bit of interest today, heads up to 1.4c on 50m volume, oppies up to .4c. Anyone with any info, theories or crystal balls?

Maybe it is the upcoming iron ore report due early July?

 

[YOUNG_TRADER]

Well my bottom draw was certainly rumbling hard yesterday and I didn't even realise it as I thought it was just indigestion :

Almost 80M shares and up strong on a very weak day,

Something maybe in the wings, well as I said from the start, I'm holding to see how this hold Indian Iron Ore thing eventuates

 

[Datsun Disguise]

Well my bottom draw was certainly rumbling hard yesterday and I didn't even realise it as I thought it was just indigestion :

Almost 80M shares and up strong on a very weak day,

Something maybe in the wings, well as I said from the start, I'm holding to see how this hold Indian Iron Ore thing eventuates

How's that bottom drawer YT? Somethings in the wind with cluff! 200m depth in the buy list with 50m deoth in the sell. Are we about to see the Indian iron ore report? Seems a bit early and these things are usually delivered ahead of time. More likely the speculators getting a position ahead of the expected announcement?

 

[YOUNG_TRADER]

Yeah the bottom draw is rumbling away at the moment,

Sure looks like there's something coming, as is usually the case insiders buying is a sign of positive news to come


Watching and waiting with interest

 

[Caliente]

Great action today for this NSL style play. Stuck 10G's for a crack this morning at 1.8/.

Definitely more of a trade for me at this stage then a firm hold. I like the India Iron Ore story and NSL has rewarded holders handsomely so far =)

ArcelorMittal is ALL OVER CNBC this morning with the stake in Macarthur Coal and also interest in buying RioTinto - the theme being that Mittal wants to transition into a self sufficient producer with stakes in steel inputs/.

 

[skiper]

Great action today for this NSL style play. Stuck 10G's for a crack this morning at 1.8/.

Definitely more of a trade for me at this stage then a firm hold. I like the India Iron Ore story and NSL has rewarded holders handsomely so far =)

ArcelorMittal is ALL OVER CNBC this morning with the stake in Macarthur Coal and also interest in buying RioTinto - the theme being that Mittal wants to transition into a self sufficient producer with stakes in steel inputs/.

Sounds interesting, in with 7m and we will see where we go.

In too win lol

 

[Datsun Disguise]

I recently made my first share purchase with CFR and i have to say im already starting to freak out a little bit.

Hey Rob - still freaking out? Hope so but for all the right reasons this time! I don't know what is coming regarding the content of the iron ore report but given the volume and substantial sp movement today I'm going to assume it is something worthwhile.

Had a look at the NSL chart that has been mentioned here previously - I agree I'd love to see some similar action with Cluff!

Don't mind disclosing I hold options.

PS Earlier posting should read "Are we about to see the Indian iron ore report? Seems a bit early and these things are NOT usually delivered ahead of time."

 

[rob7string]

Hey Rob - still freaking out? Hope so but for all the right reasons this time! I don't know what is coming regarding the content of the iron ore report but given the volume and substantial sp movement today I'm going to assume it is something worthwhile.
"

Well im definitely glad i didnt sell! I originally purchased for 1.2c so i have to say im really looking forward to the report regarding the Indian Iron Ore. I understand now that i have to be patient!

 

[YOUNG_TRADER]

Wow, correction? what correction? lol CFR is reaching 2 year highs

Such a strong surge in the past week and the volume hasn't been small either

Wilson looks like the options were a nice play for you, they're doing volume at 1c Nice!

 

[tradingbull]

Hi YT,

What are your thoughts on cfr atm.....?
Another P & D or something of substance, I think the latter personally but would like your slant on things....

cheers Tbull.

 

[YOUNG_TRADER]

Hey TB,

If you read my posts you'll see I bought this originally at 1.1c - 1.2c because I thought 1c was good support and that the Indian Iron Ore projects provided good upside

It ran very quickly after I bought a few weeks back so i took some profits at 1.6c which greatly reduced my entry cost allowing me to bottom draw my remaining parcel


Recently the bottom draw stirried, but as yet no news, I will continu to hold this bottom draw parcel which I have now held for a few weeks to see how the whole Indina Iron Ore thing pans out

 

[tradingbull]

YT,

Thanks for your reply, I think cfr is looking interesting atm , some strong buying on a down day....... waiting for report any day now !

 

[nomore4s]

Chart for CFR.

Some good signs imo, looking very text book atm.

A good sign of strength (SOS) in the original breakout from under 1c with a last point of support (LPS) on the retest of 1.1c. Very good signs for the beginning of a new trend.

Todays bar also is very bullish imo, closed the gap left after Mondays jump but more importantly closed at the high on highish volume indicating to me some support now at that 1.6c/1.7c level. Especially considering the weakness in the general market - a few of my other spec stocks lost some recent gains today but CFR held strong.

I hold.

 

[YOUNG_TRADER]

Hey TB,

If you read my posts you'll see I bought this originally at 1.1c - 1.2c because I thought 1c was good support and that the Indian Iron Ore projects provided good upside

It ran very quickly after I bought a few weeks back so i took some profits at 1.6c which greatly reduced my entry cost allowing me to bottom draw my remaining parcel


Recently the bottom draw stirried, but as yet no news, I will continu to hold this bottom draw parcel which I have now held for a few weeks to see how the whole Indina Iron Ore thing pans out

Well CFR just goes from strength to strength, I can't believe how well its performed and to think it was just meant to be a spec trade for me,

Well I went against my gut and locked in some more profits today at 2.1c, it just killed me to see it drop from 2.2c to 1.6c in such a short space of time

Still holding a few to see how this Indian Iron Ore thing pans out