CFR - Cluff Resources Pacific

[Neutral]

When is the announcement due? These sort of stocks perplex me! No anouncements but a continuing up-trend with good volume. I'm surprised the ASX hasn't questioned them about the rise in SP.

Neutral

 

[nomore4s]

Weekly chart of CFR, shows a nice overview of the stock atm.

Some signs of accumulation imo, especially since around March 07. Stock brought up to a certain level and then price is left to sag back down and the process begins again.

The buying has obviously become more urgent since the end of April when we have had the nice surge in volume and price. Nice example of a SOS or a jump across the creek with a nice LPS on reduced volume, we now look to have another SOS (yet to be completed and of course needing conformation with a LPS).

I would now be wanting the volume to really drop off and spreads to narrow during the next leg down. Consolidation above 2c would be great. But this push higher may continue for another bar or 2 (can only hope so anyway).

I have sold some shares last week and am now free holding a parcel for a no risk longer term holding to see where this stock will end up. I will look to add another parcel to trade more aggressively if the price action is favourable.

Good luck all

 

[YOUNG_TRADER]

Amazing, simply amazing,

One of the star performing stocks since this savage mkt sell off began, its up around 120%

I should have bet the entire farm on this one, lol

Have taken substantial profits now and am still holding a nice little parcel thats way more than free carried,

to think of how many I bought and could have bought but a few weeks back at 1.1c-1.2c

 

[Datsun Disguise]

Amazing, simply amazing,

to think of how many I bought and could have bought but a few weeks back at 1.1c-1.2c

I hear you YT, I picked up options at 0.1c, although not a huge amount. Of course it wasn't even a spec stock at that point, then the IO announcement came along. Why didn't I grab more at 0.2 / 0.3? plenty of opportunity to.

Regret, it has been the ruination of many, take what you can and move on to the next opportunity. Maybe I should trade what's left of my holding, with fluctuations between 0.6 to 1c there's plenty of scope to increase my holding for free.

IO report not far away now though, I think we'd all be well advised to be holding something at that point

 

[uahmad]

With the much waited NSL announcement out this afternoon which seems positive? What affect if any do you guys think it will have on CFR?

 

[ans25]

Well this thing cant get past 3c at the moment, seems like sooo much volume and a lot of day trading involved at the moment, generally opens up very high and sort of peters out as the day gets older.

Needs an announcement or two to get it jump starting again, although having a 100% return in the last month or 2 is nothing to complain about.

But Im not sure whether NSL announcements will have any significant result to CFR, they are very different.

If anything NSL and CAG perhaps with Faldi involved in both.

 

[YOUNG_TRADER]

I am blown away by CFR's continual upward movement day by day on massive volume, I started taking profits too early, lol can't win them all, also Ans you do realsie that in these dirty toxic markets CFR has put on well aroud 140% thats massive mate and nothing to scoff at, its amazing really

I think what people are saying when they compare NSL and CFR is that they are both Indian based Iron ore plays, the only 2 I know of on the ASX anyway, but I can see what Ans is saying too

Oh and UAHMAD, that wasn't the announcement we're all waiting for, its an experts/valuation report on the Indian Iron Ore project which was meant to be out early July so any day now, I think the build up in volume is a giveway ie insiders, as if the ASX can't see this too

 

[uahmad]

Thanks YT, yeh i know about the annoucement CFR is waiting for. Hopefully its Monday/Tuesday as I think many have bought into it expecting a steep increase in SP once the announcement is made, however the later "early july" goes I think SP might slide down back to the .18/.19 levels.

Certainly a lot of upside/reward to this company though.

 

[Largesse]

I disagree with this point uahmad.

Continuing with the NSL comparison, the longer they held off the annoucement, the further the SP appreciated. Could be a similar deal with CFR.

If CFR has the goods, it will keep moving. People see the super small share price, and the multitude of zero's in their portfolios and feel confident that they are getting 'value'.

 

[Ashsaege]

Thanks YT, yeh i know about the annoucement CFR is waiting for. Hopefully its Monday/Tuesday as I think many have bought into it expecting a steep increase in SP once the announcement is made, however the later "early july" goes I think SP might slide down back to the .18/.19 levels.

Certainly a lot of upside/reward to this company though.

It has slid today... down 22%, currently at 1.7cents. I wander why... maybe a negative announcement coming and inside trading? The all ords down to 4910. It's done well lately, but im pretty curious on what has made the SP move.

 

[nomore4s]

It has slid today... down 22%, currently at 1.7cents. I wander why... maybe a negative announcement coming and inside trading? The all ords down to 4910. It's done well lately, but im pretty curious on what has made the SP move.

Some panic in the markets today imo, people starting to worry about how far the market will drop and are taking some money off the table especially in the specs. Probably means we are getting close to at least a short term bottom.

My

 

[michael_selway]

I am blown away by CFR's continual upward movement day by day on massive volume, I started taking profits too early, lol can't win them all, also Ans you do realsie that in these dirty toxic markets CFR has put on well aroud 140% thats massive mate and nothing to scoff at, its amazing really

I think what people are saying when they compare NSL and CFR is that they are both Indian based Iron ore plays, the only 2 I know of on the ASX anyway, but I can see what Ans is saying too

Oh and UAHMAD, that wasn't the announcement we're all waiting for, its an experts/valuation report on the Indian Iron Ore project which was meant to be out early July so any day now, I think the build up in volume is a giveway ie insiders, as if the ASX can't see this too

Taking profits early was a good thing in hind sigght

thx

MS

Business Description
Cluff Resources Pacific NL (CFR) is a gemstone producing company with diamond, ruby and sapphire projects in eastern Australia. Cluff is involved in the exploration, mining, processing and marketing of gemstones. Moreover, Cluff have recently moved into Tin exploration in several regions in NSW.

 

[YOUNG_TRADER]

Hey Michael,

Yeah it would seem this time taking profits 2.1c-2.4c paid off, however I did also take some profits at 1.6c orginally which I regreted but like I said can't win them all, a few days back I was regretting taking profits so early, now it loks well timed, guess thats the mkts

CFR traded up so strong and defied logic in tough mkt conditions, I think alot were punting on the Indian Iron Ore ann, however NSL's performance probably took the wind out of the punters sail

Waiting for the Iron Ore update

 

[Drubula]

Good move today hopefully in anticipation of the announcement most CFR holders are anxious more, myself included. Might hold for another month then time to move on if nothing forthcoming.

 

[Ashsaege]

Announcement is out and Cluff is getting punnelled by the market - down 31.58%! ouch. Im happy i sold out last week.

Can anyone shed some light on the announcement? Im currently in country and the internet here is way too slow to download the 29page announcement.

 

[Family_Guy]

Not sure. High grade ore, low production costs. Still a while away. Needs more drilling. Thats all i really understand. This is one i have had on my watch list. Would like to get a better idea of what really happened with the report.

 

[Kobsy]

I didn't print the report, skimmed over it- May be something to do with the issuing of mining leases

 

[Spaghetti]

Anyone know what DSO sells for in India? Have read they export mainly fines which they consider rubbish and sell lumps to domesic market primarily. Also hear they are trying to stop export of lump and fines. So would this impact on the selling price as I think export of iron ore is where benchmark prices are set. Does sound good as India has high grade, though also high impurity as well...still maybe a profitable venture just wondering if all this export intervention is to keep prices low for Indian steelmakers. Even so with low cost may still be ok for a compnay with a low m/c.

 

[Spaghetti]

Sorry didn't see the report come out..ooops. The fine price doesn't make sense against the general research I have done. More work needed. Not many mine lease applications approved. maybe wait and see with this one.

 

[kkyyoo]

What I've understood from the report:

5 mining targets
Theres only 2 potential targets from report:

a. 200,000 tonnes of Iron ore with very Low impurity (which is very good)
If mined, can generate a revenue of about $14 million
b. 100,000 tonnes of Iron ore, revenue around $12 million

there are lots of illegal mining happening...

it is very unlikely for mining permits to be granted by the government
(1200 ish application, only 46 granted ... less than 3% chance to be granted)

And the process for obtaining a permit and licence to mine (if lucky enough to be in the 3%) it will take around 400 to 700 days for the permit to be passed because it need to pass 77 offices...


End note: exploration results are encouraging but other risks are a high ( such as delays in mining because of license problem, theft by illegal mining, etc). Can be classified as high risk expenditure ?


nevertheless... time to buy since its a bargain ??