Chesterfield Resources Share Discussion Threads

[excellance] 11/5/2023 01:16

Lovely new website, and report too.

[excellance] 11/5/2023 00:40

Yeah. Frenchy had him fooled.

Weren't they top n tail together in that Cypriot love shack?

[janicesolihul] 10/5/2023 23:07

Paul Ensor hasn't invested very little money in Chesterfield. Nor does he have any notable experience of building businesses, despite being 68 years old.

[excellance] 09/5/2023 15:26

They're paid aren't they?

[one2go] 09/5/2023 13:12

Some of the 'big hitters' like Doc/TMS/& various Twitter handles/HNW's need to stop talking the talk re CHF and start buying the darn stock at current levels, put the market makers under pressure for goodness sake.

The aforementioned types talk the talk but rarely walk the walk with their cash.

Lets see the colour of the money instead of the ego trips !!

[broken_arrow1] 09/5/2023 12:50

Like so many of these small caps a modest chunk of retail investor money (say £50k) in short time would probably move a stock like this 100%+ with ease.

Problem is market makers have a new weapon in their armory, reducing online size to peanuts to protect their book. So you cannot buy, the prospective trader looks elsewhere, the market makers breath a sigh of relief.

Currently you have the luxury (with IG at least) to buy £1,200 of shares (100k) in CHF before the price moves again.

[broken_arrow1] 09/5/2023 08:43

The stupidity of small cap market makers, asking a premium (1.28p) for just £600 of shares and a wide spread as well.

Tells you that the drop is technically artificial, they will not sell stock accordingly.

Stocks like this can move disproportionally to volume.

[mininglamp] 09/5/2023 08:33

This looks cheap, sub £1.5m m/cap, would not take much to move the price by a decent %. The sector is on the floor the shrewd are buyers IMO.

[excellance] 19/4/2023 10:34

Ouch, you sound bitter and twisted...you need to get out of that toxic relationship.

[ruthfuller665] 19/4/2023 07:59

Share price 1.2p, an all time low, no support

This means that any new venture will now be ridiculously dilutive for shareholders

[excellance] 13/4/2023 23:48

Looking at the positives only, CHF is VERY cheap on a value basis.

Exposure to 3 huge mineralised regional license areas, 2 of which will be funded by others.

No debt

Very low cost base

Money in the bank

Safe jurisdictions

Vibrant sector, gold and silver

Supportive corporate investors.

[burtond1] 13/4/2023 07:43

"...Well chosen gold miners can offer premium returns above the gold price and a more rapid appreciation than the product they sell. Investors looking for value might look beyond the mining majors to small gold miners..."Below we pick out a 14 small cap gold miners worth watching : https://twitter.com/tmsreach/status/1646399791444684802?s=46&t=z43m4_7LgUJ7F0f0suJ-OQ

[ruthfuller665] 06/4/2023 21:08

If the managers were truely looking towards a new deal and to get Cyprus going again, wouldn’t they have produced a presentation, being present at conferences, running an active twitter feed and working hard on an investor relations effort you would associate with a growth company?

No, because there is no deal in Cyprus and so Ensor is keeping a stony silence officially. Instead he has embarked on a daily campaign of dis-information on the bulletin boards, as a smokescreen for the cash stripping exercise which is his real objective.

[excellance] 04/4/2023 20:43

Packaged for sale you mean

[ruthfuller665] 04/4/2023 19:38

But the partnership in Cyprus doesn’t exist does it? There is no funding package

Yet another false and misleading statement from Excellence/Ensor

[excellance] 04/4/2023 19:03

Martin French said this...

"there will now be a major exploration focus along the Westline Trend to identify more targets further linking the five identified by the 2021 campaign."

Major focus, his words, and soon after that the company sold Adeline and MF left.

So the focus is Cyprus, and gold, while Frenchy was a copper head. We had to securely dispose of Adeline without dilution before arranging a partnership to fund Cyprus, and part of that is to get rid of unnecessary licenses and prepare for the next evolution of the company, and it's "major focus".

[excellance] 04/4/2023 17:30

I think you'll find that when the rto is announced they'll produce a prospectus and a share issue.

[ruthfuller665] 04/4/2023 17:15

No one delivered on their plans last summer because there was a market meltdown. Then the new managers came in, pushed Martin out of the company, and announced their strategy, the share price collapsed by some 50% because the market could see it was value-destructive. Since then it has halved again, while much of the rest of the junior exploration sector has recovered.

An RTO will need a prospectus which the company can barely afford and it would massively dilute the stock.

[excellance] 04/4/2023 16:10

But yes, the new team will bring funding, human capital and kit, and no doubt dilution, but that's how reverse takeovers work.

[excellance] 04/4/2023 13:25

The share price was trashed as Martin failed to deliver his plan, and yes the share price has drifted since he left too, but there in lies the opportunity

[ruthfuller665] 04/4/2023 12:17

Was part of the plan to trash the share price? Apart from losing money for all the shareholders, it means it is nearlly impossible for the company to raise enough cash, or issue enough shares, to grow the business.

[excellance] 03/4/2023 16:26

Of course, what could possibly go wrong?

Ok we've got no human capital, no kit, and not a lot of cash, but we never did.

We do however have exposure to three monster assets, two to be funded by others and the third to be dealt with soon.

We also have very low cost base.

Our mkt cap is too low for the potential we offer even taking into consideration the possibility of dilution later this year.

[cowie19] 03/4/2023 13:16

I take it that you own millions then excellance?