We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Chesterfield Resources Plc | CHF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.30 | 08:00:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.30 | 0.247 | 0.30 | 0.30 | 0.30 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 27/9/2024 19:50 by excellance The market cap is currently about £200k, with £150k cash in the bank, 5% interest in SAG and some licenses in Cyprus.The Cyprus assets are a liability if the company don't intend to explore them, but maybe someone wants to take them from us with drill data. The Sterling assets, copper road and Adeline, are both huge and exciting projects but will be expensive to explore and will take a decade. Is there any hope? Yeah sure, in six months SAG will drill, and if they hit then bingo. In Cyprus, maybe there are moves with others to create a Cyprus based exploration company by merging with others as hinted at in the recent annual report. Meanwhile, Kashif has mentioned potential other opportunities, and I expect he's acquired a big chunk of the CHF equity because he actually has a plan. Anyway, £200k mkt cap without a plan seems about right, but is there any reason for anyone to buy? Well, CHF may have the same name as 3 years ago but that ship and it's merry men has sailed. Anyone buying now will be doing so because they believe that SAG will hit pay dirt or because they believe that Kashif has an actual plan. |
Posted at 26/9/2024 16:25 by excellance Hence they are stripping assets to the bone.Can they really sell the Cyprus licenses when they can be picked up for free after CHF relinquish back to the Cypriot authorities? Maybe Matty Wilson will pull a rabbit out of his backside over at Sterling and actually make meaningful progress and save the day...? |
Posted at 27/6/2024 21:50 by excellance In the recent disposal rns it stated that CHF will receive more SAG shares and less cash than originally agreed, and several months earlier than agreed, the question is why, and at whose insistence?Personally I am amazed that the disposal went thru at all, but delighted that it did. SAG have some sterling assets, and we own over 5%, while we also have a little cash, extremely low costs, and another asset to dispose of or work on. |
Posted at 18/6/2024 12:03 by excellance This deal means that uncertainty about liabilities towards Adeline are replaced with cash and a free carry in Canada.CHF now have about £300k in the bank and 5% of Sterling equity worth a similar amount or more, but could rocket 20 fold. Now we can turn towards Westline and give that our full attention. I'm fairly sure we'll see a partner there, someone like Venus, perhaps even another disposal, or a merger. |
Posted at 14/6/2024 07:46 by excellance Looks like Sterling have dropped Adeline out of their immediate plans. They could buy the entirety of CHF for the same amount as the second tranche of Adeline and retain their own shares, and have a London listing and a modest Cyprus portfolio. |
Posted at 28/5/2024 18:51 by highley1 It's been a POS almost from the beginning.The ludicrous decision to go with Adeline, which is far too large a project to embark on for CHF in the first place, combined with the completely wrong decision to try and list in Canada, were bad enough. Then the buck has been passed onto someone that doesn't seem to know how to arrest the slide, and CHF is floundering as a shell with no real assets and nothing to develop them with. 5% of Sterling doesn't equate to much, and they would kill the price if they try and sell in the market. Anyone buying shares here is just bonkers. |
Posted at 27/5/2024 18:03 by excellance You say CHF is a POS, but CHF is just a shell with a thimble full of cash, three quite interesting licenses in Cyprus, and 5% of Sterling...Obviously Sterling is a 100% exploration proposition and needs to hit decent grades/intervals to enable further funding. CHF appear to be ready to offload all of the natural resource assets and find opportunities elsewhere. |
Posted at 04/5/2024 06:44 by excellance Sterling raised $6m last year under the guise of drilling Adeline, and after drilling 11 holes left a rig on site to potentially drill some winter holes on the ice.Winter has gone, no winter holes, and $500k spent buying Copper Road along with paper. Sterling have til November to complete the Adeline deal and give CHF a small cash lifeline. Not sure if new boy CEO has any real capability to actually run an exploration company on his own, yet he has invested quite a bit of pin money along with his reputation so I'm sure he has a plan. |
Posted at 19/4/2024 07:18 by excellance I wonder who the next appointment will be, looks like our Canadian HNW backers have bailed.CHF look to be getting Adeline back, and no further cash or shares from Sterling, but if Sterling decided to close the deal it would be cheaper for them to just buy CHF, get Adeline, the 5% of their shares owned by CHF, the money in the bank, Westline, and a london listing, all for a couple of pennies. |
Posted at 22/3/2024 22:02 by excellance Sterling could solve one of their cash problems by taking over CHF for shares instead of cash, rather than either paying CHF the outstanding balance or giving Adeline back. That way Dave and Paul get to exercise their options. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
