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On today's Vox Markets Podcast: Cluff Natural Resources, W Resources, Glen Goodman & Russ Mould
Graham Swindells, Chief Executive Officer of Cluff Natural Resources (CLNR) explains what the £15m they’ve just raised will be used for.
Cluff Natural Resources is a natural resources investing company listed on the AIM market on the London Stock Exchange (CLNR.L) with a high impact portfolio of operated and, following a farm-out to Shell U.K. Ltd in February 2019, non-operated exploration and appraisal assets located within the UKCS's mature hydrocarbon basins.
The Company's diversified portfolio contains near term, infrastructure focussed oil and gas exploration drilling opportunities in both the Central and Southern North Sea together with larger, high impact opportunities in new play types along the northern margin of the Southern Gas Basin.
The portfolio has a significant P50 prospective resource base in excess of 2.4 TCF (gross, gas equivalent) across a number of prospects with chances of success ranging from 9% to 49%. Following its successful farm-out of Licences P2252 and P2437 to Shell U.K. Ltd, the Company is looking forward to 3D seismic acquisition over the Pensacola prospect in the summer of 2019 and is seeking to repeat this farm-out success with its licences awarded in the 30th Offshore Licencing Round including licence P2352 which contains the Dewar oil prospect.
Michael Masterman, Chairman of W Resources (WRES) explains the significance of the award of the mining contract for their La Parrilla tungsten project in Spain.
W Resources strategy is to build a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals. With five projects in Spain and Portugal, W has three tungsten projects: La Parrilla in Spain, Régua and Tarouca in Portugal; the CAA Portalegre gold/copper project in Portugal and the Monforte-Tinoca copper project in Portugal. With two large low cost tungsten mines in development, the focus is on the Fast Track development of La Parrilla and Régua.
(Interview starts at 7 minutes 22 seconds)
Glen Goodman, former ITV News Business correspondent and now author of, "The Crypto Trader", provides some insight into the world of crypto currency trading.
"I'm Glen Goodman, an investor and former TV Business Correspondent. I was employed by ITN and the BBC, Britain's largest news broadcasters. Life was good, I got to cover big breaking news stories and look all smart & serious on the telly (see smart photo). So why did I give it all up? Because I was fired. No not really, I quit because my investing hobby had been generating a decent annual income for quite a while so I no longer needed to have a job and quite frankly investing is super-fun."
(Interview starts at 12 minutes 44 seconds)
Russ Mould, Investment Director at stockbroker AJ Bell talks about:
Renold (RNO)
Pressure Tech (PRES)
Aviva (AV.)
(Interview starts at 32 minutes 22 seconds)