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CHF Chesterfield Resources Plc

0.45
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chesterfield Resources Plc LSE:CHF London Ordinary Share GB00BF2F1X78 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.45 331,123 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.40 0.50 0.45 0.45 0.45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec -3.66M -0.0281 -0.16 586.48k
Last Trade Time Trade Type Trade Size Trade Price Currency
13:46:20 O 399 0.431 GBX

Chesterfield Resources (CHF) Latest News

Chesterfield Resources (CHF) Discussions and Chat

Chesterfield Resources Forums and Chat

Date Time Title Posts
14/3/202413:31Chesterfield Resources PLC - 12 100% owned licenses in Cyprus6,320
04/12/202320:43Chesterfield Resources PLC 249
20/11/202311:59chezzer22
25/6/200400:13CHEZZER TRADING7
06/6/200420:28is usdchf buy at this level?-

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Chesterfield Resources (CHF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 13:46:210.433991.72O
2024-03-18 11:19:100.493951.94O
2024-03-18 10:30:160.4739,099181.81O
2024-03-18 10:30:140.4791,230424.22O
2024-03-18 10:08:550.43200,000860.60O

Chesterfield Resources (CHF) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Chesterfield Resources Daily Update
Chesterfield Resources Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker CHF. The last closing price for Chesterfield Resources was 0.45p.
Chesterfield Resources currently has 130,328,311 shares in issue. The market capitalisation of Chesterfield Resources is £586,477.
Chesterfield Resources has a price to earnings ratio (PE ratio) of -0.16.
This morning CHF shares opened at 0.45p
Posted at 05/3/2024 22:51 by excellance
Very strange goings on at Sterling and Copper Road.

Acquisitions and share issues but who is buying whome?

With the acquisition of the new project our path is clear for a big boy to buy into Adeline.
Posted at 17/1/2024 06:01 by ruthfuller665
Flying pig. Suggest you give Executive Chairman Paul Ensor (aka Excellence) a call ask him how come the share price has collapsed by 90% in the 18 months since he “rescued the company”, why he does no work at all, and what has happened to the £700,000 that has disappeared from the company bank account over the last year.
Posted at 07/1/2024 22:54 by excellance
What utter nonsense, you are just making stuff up for entertainment.

Ensor was voted into his role.

French left when his plan failed as it became obvious that the company could no longer pay his huge wage.

AJ is "interim" and will soon be replaced.

If Sterling are successful, they could RTO into CHF and then we'd have dual listing.
Posted at 06/1/2024 23:07 by ruthfuller665
Zbruiser, the company wasn’t overextended in Canada at all. CHF had already covered all its financial obligations there for another 18 months. It had cash backing, a strong Canadian partner and a Canadian listing in full application. The exploration budgets were well within the company’s capabilities.

You should understand that Paul Ensor has invested nothing in Chesterfield at all. His plan was always to strip all the shareholders assets and cash out of the company. Eighteen months later, he is still drawing a salary for doing no work, and putting out a series of vague promises about deals that will never happen.

Ask yourself if you have ever seen a business run like this? The results are now plain for all to see. For sure, he will never be allowed to direct a public company again, some of the senior shareholders have seen to that.
Posted at 09/12/2023 03:18 by excellance
Promising first drilling result from Adeline, with 10 out of 11 holes hitting, but no cigar yet.
SAG are leaving a rig on site to potentially drill thru winter, presumably on the lake.

Will this be enough for the deal to be closed giving CHF some much needed cash?
Posted at 03/12/2023 13:45 by excellance
Let's be honest...

CHF was set up to do one thing, search for copper rich polymetallic deposits in the Troodos mountains.

They managed to get funding for one moderate sized attempt at diamond drilling with the aid of other state of the art technology after previous low budget RC drilling showed promise.

The diamond drilling was indecisive, didn't hit the jackpot, and COVID severely hindered progress.

It became apparent that Cyprus would need more funding, and connections managed to get hold of Adeline to "fill out" the portfolio, but that meant CHF had two projects to finance, and no staff or equipment to that in a rapidly deteriorating capital market.

Frenchy tried and failed to get a secondary listing away which would have included issuing shares and raising capital, that is the point of such exercises.

That failure meant that Adeline had to be farmed out, and Westline too to a lesser extent.

Capital markets have not improved, so we have to wait and see if Sterling can get a good result, and what the CHF share price will be when PE and AJ negotiate terms to get Westline another roll of the dice.

To summarise, exploration is always high risk, capital markets go up and down, CHF have had a dreadful year or two and are on a knifes edge, but things can only get better, or go bust...but we knew that from the start, didn't we?

Interestingly SAG closed up 40% on Friday, from a very low share price Could be something or nothing, time will tell.
Posted at 28/7/2023 15:17 by excellance
Put it this way, if car crash was still at the helm CHF would be out of business.

His wages cost more than an entire years drilling, and minnows like CHF can't afford failure of that magnitude.

Let's be absolutely clear, Frenchy failed at every level and cost us a fortune in several ways.

I'm not saying that taking that risk wasn't worth it, but our share price now is directly down to MF draining our cash reserves and delivering nothing.

CHF is now effectively for sale, and have put all assets either into hibernation or into the care of others, while cutting costs to the bone by getting rid of expensive staff.

We either go to the sale room or to the wall.

As you rightly pointed out, we have done nothing, and will need a prospectus to raise capital, but there are options...

Btw, Venus and CHF will keep talks under NDA.
Posted at 30/6/2023 17:03 by excellance
£8k worth of shares sold and the share price drops 15%, current mkt cap just over £1m.

We have maybe £300k in cash. 8% of a company that will need more cash, and 3 Cyprus licenses that will need funding.

The funding question is the single biggest challenge facing us. If we raise £1m with a prospectus what will our share price be?

Sterling are drilling at Sail Pond, but we won't see results for another 3 to 4 months, and they may be duds, then drilling at Adeline, so patience required.

No activity in Cyprus until we get funding, and funding is likely to be direct investment into Westline.

Our biggest asset is probably our London listing, and with our clean balance sheet and a few million quid of losses booked a transformational opportunity presents itself for another party to easily reverse in to us to get access to market funding.

Obviously the Cyprus junior explorers have all struggled badly lately, with the Venus IPO shelved indefinitely, and the CHF share price dropping over 90%, and what happened to the other one? Market sentiment has been brutal for any company needing cash, but as interest rates peak later this year we should see an easing of the credit freeze.

Patience is definitely required here, and nerves of steel...
Posted at 21/5/2023 03:47 by ruthfuller665
Another of Excellence’s daily dose of false and misleading information

Sterling Metals has a drill budget on Adeline of C$2m (£1.2m), the same as CHF had, in other words very little. It is a big piece of land, but you just drill the prime targets first. So the idea that Adeline was “too big” for CHF was simply not true. Flight time to Labrador from London is only about five hours, not much further than Cyprus, so its location was not an issue either.

Not only was it very do-able, Adeline is an extremely attractive project right now. Canada is primed to be the “critical metal supermarket” for the United States, as there is no geopolitical risk.

Any initial drill success at Adeline could have easily have propelled CHF to the next level, ie a 20-50p stock. On drill success, which looked pretty likely, CHF could have gone out and found a major JV partner for the project, on a strong valuation. The strategy was designed to build CHF into a significant company for shareholders. It made a lot if sense and was quite a normal path forward for junior explorers.
Posted at 27/1/2023 08:34 by mininglamp
The market seems to have this wrong in my considered opinion, I have taken some this morning as a result.

The share price was trading around 2.5p the day the sale of Adeline to Pacton was announced in November, the deal was considered a poor one for a number of reasons, the share price plummeted days after.

Today CHF still own 100% of Adeline with new options on the table, the cash position is probably better than many suggest due to extensive cost cutting as discussed in the results statement.

In my view the share price will recover ground, possibly back to the 2.5p region based on today's news and future events.

No wonder it was hard to buy this morning.

DYOR etc.
Chesterfield Resources share price data is direct from the London Stock Exchange

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