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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 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 22/10/2023 15:18 by excellance Looking thru my dozens of emails from various board members past and present, I can see that Martin French was delighted with the Westline results, told me that if, in an imaginary world, he had a choice between the results we got or drilling again he'd stick with the results we got.He and others have repeatedly stated that CHF is a copper explorer, looking to polymetallic deposits in Cyprus, and that's what we found, except our results, and those of Caerus and Venus, were all GOLD rich. As a copper explorer we got the chance of Adeline, a more likely copper play, but what do we do with our gold discovery, and how do we finance the new baby? MF tried to finance Adeline with a secondary listing, but nobody liked the set up as Frenchy showed it, so a different route had to be found, where the copper lovers could channel into the copper play and leave the unwanted gold discovery for someone else. First Pacton, but sadly the boss there didn't want the risk at his stage of life, he had other things he needed to focus on, and we no longer fitted, so along comes Sterling... Sterling are an out and out exploration play, derisked by having two entirely separate projects, and are well funded, but as an explorer they need to hit pay dirt or they are toast. We too are out and out exploration, and we need to hit pay dirt or we are toast! However, we hit gold, 24m of it, fairly shallow, with a host of other elements to add credits. Why would we risk all by funding Adeline when we've already had our "company maker" discovery, even if the market doesn't recognise it yet? Ok, 1 hole in amongst a few random and sporadic historical holes by others doesn't quite make another Barrack gold, but all we need to do is fund half a dozen holes to get enough data to define a deposit... Meanwhile, we have a free carry on TWO potentially WORLD CLASS BASINS in very safe CANADA. The Canadian copper boys have fled the nest, the troublesome Russian links have been cut, and a new beast will very soon emerge to take us forward. As for the links to AJ and his bosses company, and money from UAE investors, not sure what to make of that, other than they must have a plan. |
Posted at 22/8/2023 13:10 by ruthfuller665 It obviously makes far more sense for investors to simply buy Sterling shares, than hold them indirectly via Chesterfield. The whole restructuring exercise was a smokescreen so that shareholder’s wealth in the company could be transferred to the managers. |
Posted at 16/8/2023 09:32 by excellance I think there is opportunity at Westline, gold rich yes but polymetallic, and it needs more exploration.I think that the Adeline folly tore the board in half, and created a major funding rift. Adeline was easier to farm out, and doing so clears the way for Westline. Our share price tanked as Canadian investors followed French and Damouni, some making big profits, and now we are a prime takeover target, with no staff, interim board, large potential at Westline, 8% of Sterling, and a fast track to a London listing. |
Posted at 04/8/2023 14:22 by ruthfuller665 Surely even some minor sampling, measuring and targetting work in Cyprus would be appropriate for an established exploration company funding a suite of licences there? Chesterfield has all necessary equipment on the ground, and also raised money from investors for that exploration. So why aren’t you doing anything? |
Posted at 03/8/2023 12:28 by excellance The current directors hold very few shares, certainly compared to car crash and dim money.Altius and Poly hold major interests, and along with the consortium of Canadian HNW investors hold the power to hire and fire. Clearly they all approve of the new team and their approach or else they would have voted against them. You really do like to stir that cauldron of bile that you're cooking don't you... |
Posted at 12/7/2023 08:53 by ruthfuller665 Yes, look at the share price, it has complely collapsed. Unsurprisingly, investors don’t want to have anything to do with this company. |
Posted at 13/6/2023 20:14 by the modeller You insinuated ruth was a dipsomaniac yesterday, but a sage investor today. My view of you remains consistent. |
Posted at 21/5/2023 10:37 by excellance AJ is still "interim" CEO, so presumably they are looking for a capable replacement.In Cyprus CHF are dispensing with non core assets to focus on the three Westline licenses. The bank balance is looking a bit fragile, probably about half a million quid, but maybe a partner will fund our activities for a slice. We never had £1.2m for Adeline, and our Canadian investors were opposed to dilution for Adeline, Frenchy failed to find funding, could be an interesting H2 Our mkt cap is just £1.2m at 1p, equal to our 8% of SAG plus cash in the bank, and nothing at all for Westline. Clearly the Adeline moves have divided the board and shareholders alike, but now it's been divested we can put it behind us. Looking forward to news from Cyprus... |
Posted at 20/5/2023 13:03 by excellance When the Adeline deal was signed I said at the time that CHF didn't have the capacity to explore it, never mind two projects half a world apart.The financing and structure of the company would have to change, and a rational and reasonable strategy devised. Adeline may well deliver, but ploughing cash into a company with two assets to fund only one is just daft. Direct finance into Adeline was always the best option for investors like Damouni, but for a risk mitigation strategy it is better to have a diverse portfolio funded by others. Even investing into Sterling isn't a direct investment into Adeline, as they are working other assets. I wonder how Altius thought CHF was the best way forward, and why they still hold CHF shares, and also what Poly think of the situation, and what influence their director on our board has? |
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