Chesterfield Resources Share Discussion Threads

[soulsauce] 18/2/2021 13:44

😄😄😄

Have you really thought that one through excellance.

[excellance] 18/2/2021 13:18

It's obvious that Venus want a listing, want access to capital, want to develop their assets.

A merger with CHF is an easy solution to their problem.

If that happens, aau will earn into 50% of the Venus licenses, but not ours, but I think some licenses are adjacent so mineralisation will likely overlap, so it is obvious that Venus and CHF will merge or form a JV.

[pranchalee] 18/2/2021 13:11

Least excell your giving it a bit of thought

[excellance] 18/2/2021 10:57

I still think that CHF will RTO Venus by issuing shares and work alongside AAU on some licenses where they will earn a 50% interest. We may even take the Venus nameplate.

[harrisun] 18/2/2021 10:50

Yes, I suspect whenever a company like poly invests its just a downpayment/strategic investment which if then followed with takeover gives a good foothold in the door, with final takeover share price not as much concern to the acquirer because of their existing holdings

[excellance] 18/2/2021 10:48

I didn't dare say that again.

[excellance] 18/2/2021 10:42

But if the share price was say 30p could they then get shorters interested and create liquidity, volatility, and a lower spread?

The share price is too low. The mm has done a lousy job but wasn't helped by that recent cut throat placing at 9p. That placing was way too cheap, but then we don't know what the "relationship agreement" contains.

Normally for a major like poly to get a deal as they got they'd need to commit to something, not merely cash for cheap shares.

I think the 9p placing was just a down payment.

[seagreen] 18/2/2021 10:39

I thought we were not allowed to say AAU looked an over complex structure with a hint of dodgyness for fear of death threats from the BB darlings

[seagreen] 18/2/2021 10:36

well I took the opportunity to add in the dip as I had joined the party a little late 8#)

[excellance] 18/2/2021 10:33

They say that shorting provides liquidity, but who would short this right now?

[pranchalee] 18/2/2021 10:20

That will change

[excellance] 18/2/2021 10:13

Normally, selling causes the share price to fall, but you're saying the opposite...

The spread is too high, liquidity too low.

[pranchalee] 18/2/2021 10:10

Sellers are needed

[excellance] 18/2/2021 10:09

Or they could just move the share price up

[wassapper] 18/2/2021 10:08

Who's selling? I've not sold a single share so far and have no intention before 50p if even then

[pranchalee] 18/2/2021 10:03

Need sellers for next leg up small free float

[32campomar] 18/2/2021 07:19

Copper on fire again overnight

[excellance] 17/2/2021 18:26

Looking at the Ariana news today, confirmation of a previously announced JV arrangement, does it seem like they are edging out of their other assets and towards Venus, copper and Cyprus?

I have not been a great fan of aau as I have said before, but their tilt towards copper is interesting, tho again they will only earn 50% of the Venus assets by spending £2m.

A very interesting summer ahead.

[excellance] 17/2/2021 16:08

I think that is exactly what will happen, issue CHF shares to take over a private listed company.

[soulsauce] 17/2/2021 13:42

Excellance they are currently well cashed up and can only issue 20% new shares without going down the prospectus route again.
Maybe some sort of takeover action might warrant that, who knows.

[excellance] 17/2/2021 13:37

Lol
Just me and my cynical ways.
Let's hope they only issue half that number of shares.

My other copper gold play have issued 10.5 billion shares up to now and are still only worth £30m

[soulsauce] 17/2/2021 13:31

Lol must be back to cup half empty today 🙄

[pranchalee] 17/2/2021 13:13

So where going to issue 400 m shares,soul time to put on excells straight jacket mate the tablets ain’t working anymore

[excellance] 17/2/2021 13:10

Mkt cap £100m, but share price of 20p