Failed to complie Cloop 2.6.24 from source.

In an attempt to remaster Knoppix with a new kernel I have downloaded cloop-2.624 source.

There is a readme file and some C source files but no install instruction.
If I attempt to use make I get the following:

root@orac:/home/anc/Desktop/cloop-2.624# make
( cd advancecomp-1.15 ; ./configure && make advfs )
checking for a BSD-compatible install... /usr/bin/install -c
checking whether build environment is sane... yes
checking for gawk... gawk
checking whether make sets $(MAKE)... yes
checking build system type... i686-pc-linux-gnulibc1
checking host system type... i686-pc-linux-gnulibc1
checking for gcc... gcc
checking for C compiler default output file name... configure: error: C compiler cannot create executables
See `config.log' for more details.
make: *** [advancecomp-1.15/advfs] Error 77


I have tested the gcc compiler with the stanadrd hello world and it compiles.
Thanks in advance