Chesterfield Resources Share Discussion Threads

[cool hand kev] 26/11/2020 15:33

Is the Polymetal 22.5% Stake a pre-requisite to a full buyout?

[excellance] 26/11/2020 15:17

I really don't get why anyone would sell any of these now.

The idea of derisking is to sell some before news, in case said news was bad, but today's news is very good and it more or less tells us that the assay results will be good, so why derisk at this stage?

When we get the assay results there will be a stampede, which will make 13p look ridiculous.

[wassapper] 26/11/2020 14:37

Remember the pulled tweet excellance? :-)

We saw it first

[excellance] 26/11/2020 14:19

We know that the AMT news proves connectivity, and we know that this news will be given as the driver for POLYMETAL buying a stake. What we don't yet know is the grades of ths continuous mineralization.

Ihey must think we are thick. Since when has a 20m thick VMS not been continuous over many hundred meters?
It would be very odd if it wasn't!

So, the only thing remaining to launch this into the stratosphere is the assay results and grades!

What's the chances of them being duds?

😁

[wassapper] 26/11/2020 14:10

Kitco report

[someuwin] 26/11/2020 13:27

Imminent news...

Core samples assay results.

Expanded AMT survey results.

Additional exploration licenses.

[ciminna] 26/11/2020 13:19

Will there be more news to push this up further or will it be off the back of today's rise and if so when? If EUA come good in time I'll be looking for a new home for the funds? Cheers

[soulsauce] 26/11/2020 12:53

I assume the 400k is mostly for the survey this winter to double down on what we have found on the percussion drilling, amt and diamond drilling and then next drilling season pepper the best areas with several months worth of drilling.
Spot on someuwin and is that because of the gold potential as well as the copper I wonder 😉

[excellance] 26/11/2020 12:50

flying now...

[bigglesbingham] 26/11/2020 12:48

Venus minerals next???

[someuwin] 26/11/2020 12:32

Polymetal had the pick of any small-cap copper explorer they wanted for their copper exposure. They chose CHF. That tells you everything you need to know!

"Polymetal is one of the ten largest gold mining companies in the world with a market capitalisation of approximately GBP7.4 billion."

[oildon11] 26/11/2020 12:25

This is fantastic news. Tiny mkt cap should be valued around 40-50mil, and no doubt as this catches on and gains attention we will quickly shoot up to those levels.A no brainer.

[excellance] 26/11/2020 11:41

the USA markets are closed today, but Canada is open.

great day for news if you want to keep the yanks out, its thanksgiving, a major holiday, they will all be gobbling turkey today.

[excellance] 26/11/2020 11:29

Ø Polymetal agrees to invest GBP2.1m in Chesterfield with
the issuance of 23.33m shares at price of 9p per share.
Ø Chesterfield to raise an additional GBP400,000 via a private
placement of 4.44m shares at 9p per share to new and existing
investors in the company.
Ø The two companies have signed a relationship agreement
to govern their ongoing conduct following the investment.

[wassapper] 26/11/2020 11:22

Sorry, not majority but nearly 40%

[excellance] 26/11/2020 11:16

Pretty sure those assays will come to us via Toronto.

[wassapper] 26/11/2020 11:13

Interesting the share register is majority Canadian so what excellance says about this afternoon may well prove true

[amrishbhim] 26/11/2020 11:08

Cant give a price to today RNS but I feel that more interests will come from other businesses and if the result comes as I feel soon and should be good than I feel the company's going to be brought up around 75p,

[excellance] 26/11/2020 11:07

Watch this go BALLISTIC this afternoon and tomorrow!

[excellance] 26/11/2020 11:02

22p by close today

50p by end of year.

[cool hand kev] 26/11/2020 10:58

Price target anyone 🤔

[wassapper] 26/11/2020 10:49

Good point excellance. Others do have more than one major invested

[excellance] 26/11/2020 10:44

Maybe other majors will take stakes?

No reason to think that the POLYMETAL investment is exclusive. If I were BHP or RIO I'd be asking for a similar deal.

I certainly don't believe that this is the last corporate action we'll see here, it is merely that POLYMETAL were first to react.