Chesterfield Resources Share Discussion Threads

[tomboyb] 19/12/2022 15:41

In a rush -

[janicesolihul] 19/12/2022 11:10

Tom Wimmerfrith has taken a close look

[ruthfuller665] 17/12/2022 11:56

Kiplig you are right, the Pacton deal really looks like a pre-agreed deal between Damouni and Paul Ensor, and the big losers are Chesterfield shareholders.

[kiplig] 16/12/2022 19:50

Current managers don't give a monkeys about creating vakue. They have no meaningful money invested, so nothing to lose and everything to gain when the inevitable big options package is approved. This is a classic asset strip. I'm ashamed yo have been sucked in again. I'd love an investigation on Peter Damounni and his antics. Look at the nameless beneficiaries in Pacton - I'd bet my right arm he (or a related party) is one of those.

[excellance] 16/12/2022 08:16

If it was untrue, how come Martin failed to get funding?

[janicesolihul] 15/12/2022 19:48

All of which is untrue. The company had already completed a large exploration programe on site, had the licences and had appointed the drillers. It was in the presentation. Perhaps the current managers can explain how they have created shareholder value with the stock at 1.65p?

[excellance] 15/12/2022 08:31

The fact is the money men had no confidence in our company to deliver, we simply don't have the human capital, capital equipment, or track record to even get insured for a drilling campaign let alone regulatory approval and to raise funds and do it ourselves. It was always a big ask, we all said so at the time, it was a reckless folly.

[excellance] 15/12/2022 08:28

Because car crash failed to get a placing away, and balked at a placing at a penny.

[ruthfuller665] 13/12/2022 10:02

So why didn’t Chesterfield just raise $2.5m and simply drill Adeline ourselves? Why have we given 80% of this project away to struggling minnow Pacton? Why is our share price at 1.7p?

[excellance] 13/12/2022 08:10

Good to see that Pacton have raised the $2.5m via private placing of 10n shares to Red Cloud securities inc. pending regulatory approval.

[ruthfuller665] 12/12/2022 17:06

We were all looking forward to Chesterfield raising cash and drilling in Q1 23. It seems this company doesn’t actually do anything any more

[excellance] 12/12/2022 16:38

On the moon exploring for cheese.
Frenchy has a house up there.

[bigginge1] 12/12/2022 16:33

Drill where and for what? Cyprus looks a busted flush. This is just a lifestyle company

[excellance] 11/12/2022 18:38

I'm looking forward to seeing Pacton raise cash and drill in Q1 23.

[cowie19] 11/12/2022 17:41

Looking for blame is not going to solve anything. Stop looking back and focus on what happens now. I too have lost money on this but we all need to "man up" and accept nobody forced us to buy these and on the way down we could have sold at anytime. Grow up and either take the pain by selling or look forward.

[excellance] 11/12/2022 16:20

Because Martin failed on his strategy and Martin resigned.

[janicesolihul] 11/12/2022 12:36

Why do you keep trying to blame Martin? His plan was to drill Adeline, not sell it.

The markets are turning. I reckon if Martin were still around right now the stock would be at 6-7p and heading north with plenty of optimism, because he would be out there promoting a company had a game plan with a major asset in copper, in a strategic location, which is bang on trend in the commodity space.

Instead, we have a company that has been hollowed out of almost all its assets, run by people who seem to have no track record in building businesses. The share price that is around its all-time lows at 1.75p. Their strategy has clearly been very poor for the owners of the company.

[excellance] 10/12/2022 14:45

And none of this was Martin's fault?

[janicesolihul] 10/12/2022 13:26

Paul Ensor has turned Chesterfield into a husk compared to what it was

[kiplig] 09/12/2022 19:01

Sadly you ate spot on. Ensor and Co will make great money from detroying everyone else's value. I'd bet my right arm Damounni got a massive backhander. I noted from the Octon announcement that fees are paid to the sponsoring broker.....and wait for it....."others"......I'd love a full investigation into this one. There will be some sleepless nights for a management (and Damouni) I'm sure....

[ruthfuller665] 09/12/2022 18:32

Cheap £1m drill programe was planned at Adeline, no problem with equipment, good local partner, no problems with first nations. Cyprus still running. In case anyone missed it, there was a big market crash this year and no one was raising money for exploration.