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Amara Mining (formerly Cluff Gold) Q3 Results – On Track: shares very cheap -

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- Tom Winnifrith

I tipped Cluff Gold (CLF) in September 2011 at 96p on, the website I founded in 2000 and left three months ago. Like most AIM listed gold shares Cluff has taken a beating and the stock closed at 58.5p today after the release of third quarter numbers. To reflect a change of leadership the company has now changed its name to Amara Mining (AMA). That seems like a bit of wasteful corporate PR willy-waving to me but, ignoring that, it seems to me that the fundamentals look increasingly attractive for Cluff, sorry Amara, and that this is not reflected in the stock price. Here is why.

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