Primary Recommendation

Cluff Gold - Upgrades to gold resources likely to attract another bid approach

August 2010

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.

Over the month we met with Algy Cluff, chief executive of Cluff Gold, which owns three highly promising gold mining assets in West Africa. To more experienced investors Mr Cluff needs little introduction, given that his three previous quoted vehicles generated spectacular returns for their backers. And the great thing about his current venture is that he appears to be on the verge of another major success story, with two of Cluff Gold’s mines having moved decisively into full-scale production with output set to reach a record 100,000 oz this year. At a time when gold too has reached record highs the cash flow from this will be substantial but the really big prize is its third mine in Sierra Leone, which boasts resources of 2 ...

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Marstons - Strategic changes to usher in stronger returns

Cluff Gold (April 2011)

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 - 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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