Chesterfield Resources Share Discussion Threads

[excellance] 19/5/2023 18:07

FFS Martin, sell up and Fk off.

[ruthfuller665] 19/5/2023 18:00

Sterling Metals described the acquisition of Adelibe from Chesterfield as a “rare and amazing opportunity”, which it certainly is, and severely questions why Chesterfield sold it?

Sterling has almost exactly the same exploration strategy for Adeline that Chesterfield had mapped out, and the same modest drill budget of $2m, which makes a complete nonsense of Ensor’s claim that Adeline was “too big” for Chesterfield.

Sterling Metals now trades on a market cap of $13m, equivalent to around 9p per Chesterfield share. Great deal for them terrible for us.

[excellance] 19/5/2023 06:49

UK bans Russian copper, nickel and aluminium as well as diamonds.

Don't know why they didn't just ban ALL trade a year ago, but they seemed happy to have a targeted approach.

[excellance] 18/5/2023 16:56

If you like Adeline then go buy sterling stock

[excellance] 18/5/2023 16:56

Flow thru..

[ruthfuller665] 18/5/2023 15:17

It is not a question of hating anyone, it is just correcting a steam of inaccuracies and misleading information being posted by Excellence on a daily basis. There is a lot of evidence that points to the fact that Excellence is actually Paul Ensor acting under an alias, or Ensor is feeding him information. Either way, it is a highly innapropriate way for a senior PDMR to behave.

It is probably breaking a hat-full of rules and regulations, not that he cares about that kind of thing at all.

[excellance] 18/5/2023 09:08

You got up at 3.30am to post that!

Kicking the sheets of hating PE were you?

[ruthfuller665] 18/5/2023 02:30

Share price 1p says it all.

[excellance] 17/5/2023 08:07

It was 10p on speculation that Cyprus would hit copper, but after a protracted period and late intervention by polymetal they found gold.

After that car crash tried to raise capital in Canada and failed, so he left, reducing our costs dramatically in the process.

I am only here for the gold.

[ruthfuller665] 17/5/2023 07:36

So Chesterfield has gone from owning 100% of Adeline to an equity stake in Sterling worth £332,000.

The current market cap of Chesterfield of £1.35m equates to its shell company value, roughly £500,000, cash, its stake in Sterling and an operation in Cyprus that has been closed down. In other words at 1p, Chesterfield is correctly valued by the market.

[excellance] 17/5/2023 07:06

So now we await the drilling plan, and hope for success...

With such a large license area it will be interesting to see how they approach it. Will they drill single holes on each area or be more focussed?

[excellance] 16/5/2023 16:11

We now have a route to riches.

We only own 4%, (8% on completion of the option) and in the end the sterling fund raising did dilute our holding but now we have two funded and exciting large projects, and we can look forward to getting Cyprus moving soon.

If Sterling have any success we are in the shop window.

[cowie19] 16/5/2023 14:48

RNS out - Sterling update.

[janicesolihul] 11/5/2023 09:28

What is that "top and tail thing"? Sounds like something only Ensor would know. Perhaps he can explain?

[excellance] 11/5/2023 00:16

Lovely new website, and report too.

[excellance] 10/5/2023 23:40

Yeah. Frenchy had him fooled.

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

[janicesolihul] 10/5/2023 22:07

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 14:26

They're paid aren't they?

[one2go] 09/5/2023 12:12

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 11:50

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 07:43

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 07:33

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 09:34

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

[ruthfuller665] 19/4/2023 06:59

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

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