Chesterfield Resources Share Discussion Threads

[the modeller] 13/6/2023 01:21

Yes, it appears as though ruth has been quaffing from the font of wisdom.

[excellance] 13/6/2023 00:00

You been drinking again?

[ruthfuller665] 12/6/2023 23:23

This company makes zero effort to communicate with its shareholders

[excellance] 09/6/2023 14:51

SAG up 41% in five days.

[excellance] 08/6/2023 11:28

PD didn't retire, he took a position at another company, or at least that was the reason given, but retained an advisory role with CHF.

His interview with Sarah Lowther was a train crash, he doesn't understand simple questions and appears to have the intellect of a pet rabbit.

[kiplig] 05/6/2023 08:15

What an absolute shambles. They push out Martin French, an honourable man with good integrity whi had invested much of his own money and was aligned to shareholders.Yes, the shares were underperforming at the time, but sometimes this is macro - juniors in AiM come in and out of favour. But at least he was trying.They ouch him out and a deal is announced with the business partner of Peter Damouni, recently retired director. Of course, because PD had just retired it was no longer a related party trabsaction so no disclosures required. That fell over and now these 2 current directors are just sucking the capital away in Salaries.

[ruthfuller665] 27/5/2023 00:29

You read it, but it is probably untrue

A year from now Chesterfield shares will likely still be at 1p, Ensor and AJ will still be drawing a salary from what little money the company has left. You will still be writing these nonsense posts.

[excellance] 26/5/2023 01:12

3. Yet they are in discussions, didn't I read that somewhere?

[ruthfuller665] 26/5/2023 00:27

1&2 if Sterling shares go up, will Ensor will sell them and use the proceeds to pay him and AJ yet more bonuses

3 they are ten months in to managing CHF and there is no evidence of them seriously looking for a partner in Cyprus, or even develop a basic program there

4 they don’t have enough cash to execute an RTO, neither Ensor or AJ have any experience of transacting RTOs, at 1p an RTO would be ridiculously dilutive. Even if it was a good deal (unlikely), the shares would probably be worth a max of 2p, far lower than it used to trade under the previous management

[excellance] 26/5/2023 00:01

so lets look at the potential upside.

1. sterling drill adeline and hit decent grades and intervals
2. sterling drill their other asset and expand their mineralisation
3. chf get a partner to directly invest into Westline to expand that discovery
4. some non listed entity RTOs into us for our listing, removes AJ and PE, brings a portfolio of assets with them, but the number of share in issue is expanded to reflect the new larger company.

number 4 would explain why they needed to divest adeline to maintain full exposure.

[ruthfuller665] 25/5/2023 21:56

There is still plently of downside, even from this all-time low share price from 1.2p. There is certainly no upside prospect of it getting back to where it used to trade under the previous management.

[excellance] 25/5/2023 11:48

ruthfuller66522 May '23 - 23:20 - 6024 of 6034

"There is no drilling in Cyprus, nor any JV discussions. Everything in Cyprus is shut down..."

"No drilling in Cyprus"
Correct, plans are being drawn

"Not any JV discussions"
Ok, so no JV, but discussions are ongoing regarding other forms of investment into our Cyprus assets

"Cyprus is shut down"
We only ever had a rented rig and a contracted field team, we are currently planning our next step including how to fund it with partners.

Cash burn is negligible, Canada assets to be funded by others, Cyprus deal is possible in due course, and other assets and partners could come into the fold too.

Very exciting times ahead, and very little risk at the current price of 1.20p

[excellance] 24/5/2023 10:17

Then they spend all day and night trolling on advfn.

[ruthfuller665] 24/5/2023 10:14

What if they sell the company’s cleaning equipment, pocket the cash and then don’t turn up for work?

[the modeller] 24/5/2023 07:05

And if they clean badly they re a given a warning, and if they fail to clean they are dismissed.

[excellance] 24/5/2023 07:00

£25k?
A cleaner gets that wage in the UK.

[ruthfuller665] 24/5/2023 01:24

The share price has collapsed to 1p

Despite the company’s depleted funds, AJ just paid himself a bonus of £25,000, for what?

[excellance] 23/5/2023 21:52

Last year Frenchy paid himself £136,000 and he resigned in February.

Compare that to the wages AJ and PE received, £87k and £36k...!!

Frenchy failed to deliver at every level, and I'm sure AJ and PE can't be any worse.

If we drill this year in Cyprus I'll be amazed, but I do expect that plans are being drawn up as the company takes a new shape.

[excellance] 23/5/2023 18:54

Wow, huge trade, 904 at 1p.

Someone must have needed money for a postage stamp.

Polymetals Russian gold assets are now in the cross hairs of Bidens brown shirts while his own country goes down the toilet.

[ruthfuller665] 22/5/2023 23:56

There is nothing left. Just two people paying themselves.

[ruthfuller665] 22/5/2023 23:51

Polymetal just got sanctioned, they have other things to worry about.

[excellance] 22/5/2023 23:50

So polymetal are still on board even tho we're a shell with no meaningful assets?

Interesting idea.

[ruthfuller665] 22/5/2023 23:20

There is no drilling in Cyprus, nor any JV discussions. Everything in Cyprus is shut down.

[excellance] 22/5/2023 16:57

Ruth and her short brigade have gone quiet, going long again are we?

[excellance] 22/5/2023 12:29

What does advanced mean in this context?

"no such discussions are currently ADVANCED"

I take that it means "not at an advanced stage" at the time of writing, but not that discussions weren't taking place.

I wish companies wouldn't use ambiguity.

"Advanced" means to bring forward, so it could mean that talks have not come forward, but "are not advanced" could just mean "early stage" or "preliminary".

Is PE being obtuse to hide the reality,