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. |
So, juniper are acquiring Polymetals shares, and new CEO owns Juniper, and, we've previously been warned of a fundraising deal which may result in the issue of shares, and a potential deal with a partner opening up new opportunities.
Previous CEO and CFO got option shares priced at 2p which I assume is similar to the price Polymetal offloaded their holding for. |
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. |
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. |
Why would a PLC change their broker and change their BOD within days...?
There is clearly big news coming, out with the old, in with the new, our share price essentially covers our cash in the bank, a tiny value for Westline and our Sterling interest, and perhaps our PLC listing.
If an independent miner was interested in a London listing, and perhaps mining Westline, with a speculative interest in Sterling, and maybe they have a producing mine or two of their own...allowing for issue of new shares, what could our share price be? |
Big news coming soon? |
It's quite common for CEOs to get paid. |
But I'm sure Paul Ensor has taken a generous salary in this time.Martin French invested his own money into the stock, was aligned with shareholder interest, and was an honest, capable executive who was doing his best.It all got smelly when he was ousted, Peter Damouni resigned, shortly before the Company entered into a flaky deal, which subsequently fell over, with a shady character who just happened to be Damouni's business partner in Canada. One can only speculate, but If Damouni wasn't a director then he doesn't have related party transactions to report should there be commissions involved etc. |
Have you been on the shrooms again?
Ask your bf how much his golden boot up his backside cost us! |
In case anybody doesn’t know,”Excellence”’is really Paul Ensor who for over a year has been obsessively posting a bizarre series of daily messages pretending to be someone else but pushing Paul Ensor’s agenda.
Since he “rescued the company” Chesterfield has been a
disaster. The share price has collapsed, £700,000 has “disappeared” from the bank account, despite the fact that the company has been totally non-operational. He hasn’t even bothered to update the company website. This stock is toxic. If the company wants a fresh start it needs a proper new board of people that the market trusts. |
Yes, because the company failed to find any copper in Cyprus, and under Martin's tenure they signed up for Adeline and wasted all their time and money on a folly. |
Is he getting anything?
Options at 2p when the share price is 0.40p isn't exactly generous, and he allegedly cut his pay for the last year.
Compare what PE got compared to Martin French.
Of course Martin failed to deliver, got sacked, and Paul was duty bound to fill his clogs to sort the mess out.
Chesterfield, or whatever it's name is now, lives! |
"The Board aims to make the most of the Company's resources through what it aims to be a transformational investment into a new area of activity. Extensive work is underway to consider a number of possible options on offer. The most important criterion behind this work will be to generate significant shareholder value in the near term". That was June 2023 but looks like we're finally on the move. |
So, is there a plan?
New broker, sweeping board changes, options...we just need some money, a new board, and new assets... |
Well, out with the old in with the new...
2p options for the leavers, at a 500% premium, with a five year expiry. |
Chesterfield Resources PLC, the LSE listed mineral exploration company with projects in Cyprus and Canada, is pleased to announce the appointment of Peterhouse Capital Limited as corporate broker with immediate effect.
Have we got a project in Canada?
I suppose we have if Sterling haven't acquired it... |
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. |
Looks like Adeline is dead and buried again. All that remains is for Sterling to either close the deal by issuing us shares as promised and the settlement, or backing out and giving us our licenses back.
Do we want Adeline back with data from two holes, or are we happy for it to be filed away under "drill in 2050"? |
"While our focus will shift primarily to advancing Copper Road upon closing of the Transaction, we will remain committed to understanding Adeline’s potential, providing the best leverage possible for our shareholders.” |
Upon completion of the Transaction, existing Copper Road and Sterling shareholders will own approximately 49% and 51% of the Company, respectively. |
This is a very interesting acquisition by Sterling, which appears to be a reverse takeover as Sterling is acquiring 100% of the Project in consideration for 98% of the current issued and outstanding shares of Sterling and $460,000 in cash |
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