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| 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% | 0.45 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 26/4/2024 17:01 by excellance Now we've seen Ariana drop the Venus IPO plan we have to wonder if they have a plan B, and if that includes anything we have.PE stated that CHF have been entertaining conversations about some kind of deal for our Cyprus licenses and that he'd prefer we work WITH potential partners, but he's gone now and still no deals. Juniper man is now in the hot seat, having bought Polymetal's holding for an unspecified sum, and seeking finance in UAE, and perhaps some cash and shares from Sterling or Adeline back in our portfolio, we await further developments... |
Posted at 19/4/2024 08:18 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 29/3/2024 11:46 by excellance On 14 February Sterling announced the signing of their new Copper Road venture, and committed to "understanding" Adeline.20 March CHF CEO and CFO step down, Dave Cliff resigns, and we are down to essentially a one man band with no assets other than a diluted share of Sterling and 3 dormant licenses in Cyprus, no staff, and very little money. We do however have hopes and prayers that the new boy has a plan. |
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. |
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 16:17 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 21/5/2023 04:47 by ruthfuller665 Another of Excellence’s daily dose of false and misleading informationSterling 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. |
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