Chesterfield Resources Share Discussion Threads

[cowie19] 03/4/2023 13:16

I take it that you own millions then excellance?

[excellance] 03/4/2023 08:56

On 23 Feb 22 CHF announced drilling results from Westline.

Since then board members have left after failing to fund Adeline, Adeline was flogged off and we've had a strategic review.

The interim board are delivering everything in that review with only one outstanding issue, the partnership with other Cyprus companies to explore Westline and Orchard.

The discovery announced in Feb 22 changed everything!

At 1.15p CHF is exceptional value, but most will wait to see the deal and pay a lot more...

[ruthfuller665] 02/4/2023 01:22

Chesterfield doesn’t have a partner in Cyprus

[excellance] 30/3/2023 20:34

Fairly sure we'll drill Westline with our partners and find more gold, zinc and copper.

I wonder what the new company will be called?

Adonis gold perhaps?

[shortarm] 30/3/2023 13:12

Market cap 1.5 million. Hardly a company at all!

[excellance] 30/3/2023 12:32

Are we a gold company now?

The divide between geologists is great, some loving copper, other loving gold.

I'm in the gold camp, always was, but I don't mind high grades of industrial muck too.

[excellance] 22/3/2023 23:21

The flow thru funding would have been new funding

[ruthfuller665] 22/3/2023 18:09

Wrong yet again. You don’t need to raise funds to duel list in Canada. They were going to raise flow-through funding lin the Autumn when the markets improved (which they did). The application for the listing hadn’t even been submitted at that point, so how could it have failed?

Excellence knows all this, but is deliberately pumping an endless stream of falsehoods into these bulletin boards, thinking he can hide behind an alias.

He has an obsession with “Frenchie̶1; because he knows that dismantlunt a prosperous public company for his own gain is very wrong. He is hoping he can lie his way out of it by bombarding his own bulletin boards with daily posts.

[excellance] 22/3/2023 12:21

So our secondary listing didn't require further investment?

Nonsense.

Frenchy held investment lunches in New York and Toronto to get investors on board but he couldn't get enough cash committed, hence why it failed.

[ruthfuller665] 21/3/2023 01:29

It was a secondary listing, not a spin-off IPO, so it wasn’t selling Adeline to new investors.

Most companies in the junior mining sector in Canada pulled their deals last summer. The market was in melt down. The company could easily have waited a few months and then got the listing done.

[excellance] 21/3/2023 01:16

But the IPO was effectively selling Adeline to new investors, why can't you see that?

[ruthfuller665] 21/3/2023 00:57

Chesterfield previouly conducted a successful drill programne in Cyprus with a discovery at Westline, bought a top tier copper asset in Canada, as well as bringing in a FTSE 100 strategic partner. The shares were trading at a much healthier price and the company had completed a 43-101 to dual list in Canada. Then Putin invaded Ukraine followed by a market collapse because of inflation, so obviously it had to postpone the secondary listing. Many junior explorers were postponing funding plans at the time. The company still had a decent amount of cash.

And there was no “gearing problem”. Yet another straight-forward lie from Excellence

[excellance] 20/3/2023 20:19

Hold on a minute, wasn't it Frenchy that gave unclear info about the Cyprus drilling, and then months later released the assays?

He signed for Adeline knowing that we had no money, and then pursued a daft IPO plan to raise capital from new investors but FAILED to deliver wasting six months!

Once we got the Westline assays, it was clear that we had a "gearing" problem, and had to separate our two assets.

We've done that, and now we can look ahead with pooled resources with our partners, Venus, and can drill Westline cheaply and with fairly low risk.

Adeline may or may not be successful, but we don't need to worry about it any more.

[ruthfuller665] 20/3/2023 20:08

So why is the company in a far worse position than it was a year ago?

[excellance] 20/3/2023 12:58

There has been a few issues in the markets, not least lack of liquidity for foolish follies.

We've sold our foolish folly, raised cash, cut costs, and have a good chance of surviving the current and ongoing crisis.

[ruthfuller665] 17/3/2023 22:13

More deliberate dis-information being pumped out by Excellence onto the bulletin boards.

Martin was not highly paid, the TSX application was almost ready to go in, it was there to facilitate flow through funding which had plenty of takers, the company was already adequately funded to last two years if necessary, there was no need to diversify anything and the company didn’t need a partner to work on Westline, it had its own team.

This is just all lies

[excellance] 17/3/2023 17:13

Are you entirely thick?

The highly paid failed former CEO resigned after he failed with his folly of a plan to dual list on the TSX that got no traction whatsoever.

The result of Frenchy's car crash management of the company is that the CFO had to step in to stabilise the company, cut costs, divest assets, and look for a new partnership for Westline.

Or, maybe the Westline result was the catalyst that caused all of these things to happen, including Venus to change direction, abandon their IPO and not take up an option in Cyprus?

Very exciting times ahead, but not if you've wet the bed, sold off in a huff, and you're now bitter and twisted.

[janicesolihul] 16/3/2023 01:33

So if these executives don't have the "appropriate technical and commercial skills", why are they running the company?

[janicesolihul] 16/3/2023 01:28

So if these executives don't have any of the appropriate skills, why are the running the company?

[excellance] 15/3/2023 16:57

Copper and oil prices collapsing, but we are not a copper miner, so we need rebranding to make it clear that we have gold in abundance. Lower oil prices will reduce our costs.

[excellance] 15/3/2023 13:25

Indecies off a cliff today, but gold doing well.

We have gold and cash, and low costs.

[excellance] 15/3/2023 10:43

Hence...
"it is intended that a new CEO will be recruited with the appropriate technical and commercial skills to lead a junior exploration company"

[janicesolihul] 14/3/2023 22:49

Somehow I doubt the "interim CEO" is going anywhere, not while there is so much cash still lying around on the table

[excellance] 14/3/2023 20:59

The Modeller14 Mar '23 - 07:32 - 5948 of 5949
Interest rates look set to fall you clown. And do spare everyone your pro-Russian propaganda.

We'll see...but I think you'll find that it's was Powell's comment about raising rates higher than anyone expected that killed SVB.

[excellance] 14/3/2023 20:56

"it is intended that a new CEO will be recruited with the appropriate technical and commercial skills to lead a junior exploration company"

Why was it imperative to divest Adeline BEFORE the Westline m&a deal, for a modest cash sum and a holding of shares in the new owner?

Why did we rationalise our license holdings in Cyprus after the Westline drilling results?

Why did Venus/Ariana delay their IPO?

Who will be our new CEO, and when will we drill Westline again?