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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Charles Street | CHC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.35 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.35 | 0.35 |
| Top Posts |
|---|
Posted at 12/11/2012 08:05 by 34simon Think the reason no sell off is you can actually trade your old CHC stock online yet, not that I would sell at 1p anyway. |
Posted at 11/11/2012 03:19 by slimey2 Vauch i seriuosly doubt it more like 0.5p! ...but 7p breakeven for me, a falling knife was caught, my hands are sore that is the risk of shell companies. Pity Conboy bailed and Ireland turned sour for CHC, oh well sentiment can change....let us see |
Posted at 26/10/2012 23:31 by stav5001 I was the only PI at the CHC AGM Greg promised that they would relist, and the engineer I spoke to at some length after the meeting was very positive about the prospects for the possibilities of new find. When the mine was closed, they were in the process of digging a long tunnel away from the existing workings, through solid rock at great expense, and had almost completed an air shaft to service it, they must have known something to commit those valuable resources. It is not the type of venture undertaken on a whim. |
Posted at 25/10/2012 00:26 by slimey2 i read them poor guy, typical CHC lol |
Posted at 01/10/2012 00:47 by slimey2 just got back from my hols in Europe, back in Canada saw CHC news on relist creeping forward so thought i would increase my stake in Duty Free put a buy in for £30 amazed i got 6 tubes of toblerone and no trader fees! Current holding of Toblerone has depleated since i bought though!.....if CHC relists i will also be amazed, jeez cant see it this side of 2012...we can hope though |
Posted at 09/9/2012 18:11 by slimey2 stavno doubt, i invested because the prospect of Conboy being involved at the time when ALO were shape shifting felt that CHC was going to be a similar vehicle, but he bailed when we got suspended couldnt do much about that, at the time there was talk about a play on gold and other interesting things, you know how it is you do your research assume from that and take the plunge, so i got caught it just goes to show no matter how much you read review and decide upon it isnt as plain as black and white....we will see |
Posted at 09/9/2012 08:33 by stav5001 How kind.Actually as everyone here knows it is an unused copper mine that was producing from very high grade ore. No one likes taking losses, including me, but There is no point revisiting the past, that cannot now be changed. IMO , after attending this will relist, unlike Bulgaria, we are in a jurisdiction where CHC has connections. With changes taking place around the globe, and nations understandably wanting to take a higher stake or control of their own natural resources, developed economies like Europe are changing their attitude towards mining, as security of supply starts to outweigh the environmental issues. This mine has potential, for example prior to it closing when the price of Copper collapsed, there was a shaft being driven horizontally away from the current mine, for more than a kilometre through hard rock to a new destination,that was not completed, it also has an almost completed new air shaft. Why would anyone drive these very expensive shafts? What did they know? CHC's engineer who has a lifetime of practical experience has his own view, those willing to demonstrate more patience will find out if CHC are right or not, of course everyone has the opportunity to bail out on day one, when this relists, and take their losses. GL |
Posted at 14/8/2012 09:27 by churnet99 n_r and PW73 - you both make some very good points, and I agree with the sentiments.Your points have got me thinking : it could be very useful to start a Rogues Gallery of those people/Directors who have encouraged investment in their companies, but then not created any apparent shareholder value. The intention would be to encourage other potential future investors to carry out more careful research before parting with their cash. I would like to start the list with : Nicholas Lee (former Director of CHC) Damian Conboy (former Director of CHC) Would you like to suggest any others ? |
Posted at 14/8/2012 08:04 by induna123 PWhite73 2 Aug'12 - 23:07 - 3710 of 3752 As I said in an earlier post the whole point of the consolidation was so that the shares can command a 250% plus rise on any relist. This will hopefully mask the fact that CHC holders have been decimated by 90%. Now that I've just received notice for the AGM by post - turkeys voting for christmas comes to mind. It looks like the purpose of the consolidation was to sweep previous CHC holders under the carpet and begin issuing large amounts of new CNT stock. I'll be voting against resolution 4 and 5 and I hope everybody else here does too. I've written off this investment, no chance of ever seeing anything but I'm not agreeing to slitting my own throat. Taking a 90% hit was bad enough but another 90% hit on top of that (99% hit in total). No thanks. |
Posted at 22/7/2012 11:14 by pwhite73 scyther 22 Jul'12 - 02:29 - 3679 of 3682"So your saying that for every £1000 invested per suspension will be worth at most £100 post suspension. That's not only a consolidation of 20-1 but a devaluation of 10-1 as well." That's correct. That is what the convertible loan note has effectively done to the shareprice. I also suspect the £100K convertible loan note is owned by someone close to the company. If there is any premium in the share price it would have to come from the value the market puts on the project. Our copper project is in Austria which is deemed politically safe and readily accessible. What is really sad about this whole fiasco is that CHC was not suspended in Dec 2010 for the usual reasons like the need to clarify its financial position, late reporting of results or even the need to re-state the accounts after hidden losses had been discovered. CHC was suspended because it had initiated the process of returning shareholder value by investing in an Irish copper mine. From there things have just gone from bad to worse with no end of this trajedy in sight. The company just cannot seem to bring itself to tell everybody they've lost their money (there may be legal reasons why). Instead we have been strung along from one failed project to the next. When they consolidated the shareprice and changed the name in November 2011 I honestly thought we were on the way back. Nine months on there is still no sign of a re-listing. If Life of Riley on another BB is to be believed the problem appears to be compliance issues with the LSE. Considering what they have done to their shareholders and given the recent financial scandals (LIBOR, etc) its hardly surprising the LSE has taken issue with a company coming back devalued by 90% for no apparent reason other than to line the pockets of those providing source money who are probably the same people who stripped the company of its cash in the first place. |
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