Updates

Cluff Gold

April 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Cluff Gold has temporarily suspended operations at the Angovia mine in the Ivory Coast after the deteriorating political situation and risk of civil war there meant critical supplies such as fuel, explosives, cement and cyanide â€œhave become only intermittently available.â€ Angovia produced 20,000 oz gold last year, out of total group production of 94,000 oz. Earlier Cluff announced that it will invest US$32m on exploration this year on extending mine lives including its Kalsaka mine and also demonstrating gold sulphide potential and will be financed by existing cash flow. This money will also fund completion of the bankable feasibility study at the Baomahun mine (its potential company maker) as well as extending Baomahun's resou ...

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Howden Joinery - Current trading still strong

Allied Gold

Cluff Gold - Exciting drilling program ahead (January 2011)

Cluff Gold - Raises Â£9.4m through placing (December 2010)

Cluff Gold - Good production progress; price target 150p (November 2010)

Cluff Gold - Upgrades to gold resources likely to attract another bid approach (August 2010)

Cluff Gold - African gold mining assets on cusp of generating big profits (March 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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