Secondary Recommendation

Cluff Gold - African gold mining assets on cusp of generating big profits

March 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.

Cluff Gold, which is focused on identifying and developing gold mines in West Africa, has grand aspirations for a relative tiddler (market value: Â£98m), with its objectives being to develop a portfolio generating 2m oz of resources and producing 150,000 oz gold annually. Not many people have the nerve to lay down such a marker but the confidence of founder and chief executive Algy Cluff, an experienced oil and minerals hand, appears well placed, given that Cluff Gold's latest operational update on 11 February claims to be on track to produce 100,000 oz gold this year for the first time. At a time when gold is still hovering well above US$1,000 it's not surprising that analysts are excited, with one even setting a 124p price target for t ...

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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 - Upgrades to gold resources likely to attract another bid approach (August 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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