Chesterfield Resources Share Discussion Threads

[excellance] 09/6/2020 15:29

The team are on the ground now, released from lockdown that delayed progress and caused tge share price to tank...

They are preparing multiple drill sites for drilling later this month. I expect that'll take six or eight weeks but we could get snippets of progress.

The MD has been appointed, he is our front man who will deliver news and do interviews.

Any hint of a discovery and we could easily rise to £10 or £15m mkt cap.

I expect mostly copper, but hope we get gold too. There should be at least a little gold...

[spangle93] 09/6/2020 15:24

Steady retail buying today - well done to those who managed to get them. Good luck

[cbeadle] 09/6/2020 15:08

I have done, decided to bite the bullet on the ridiculous spread there is at the moment

[cbeadle] 09/6/2020 14:47

Absolutely, it’s a good opportunity, I might try and buy some more

[excellance] 09/6/2020 14:22

So £10,000 could easily become £100,000 by that logic?

In my opinion the geology is well known, the jurisdiction very favourable, even the weather is on our side, and if this team of renowned experts can't find copper/gold on an island legendary for copper and gold, then I'm a potato.

Opportunities like this one are rare.

[soulsauce] 09/6/2020 12:45

Some nice buying today but I doubt they are getting them through HL who have been pathetic at trading this.

Not sure why there was a need to start another thread alongside the excellent one the someuwin has done.

[cbeadle] 09/6/2020 09:17

I think excellence it’s small punters having a go with funds they can write off, yet aware that £300 could easily become £3000 if they discover a good copper deposit and avoid too much dilution

[catsick] 09/6/2020 08:37

Interesting tweet today with pictures of huge historic tailings mounds, reprocessing these is often the cheapest form of mining if they even contain small amounts of copper and gold a simple heap leach can have a huge irr as no mining or grinding and milling is needed, I am sure this will be part of a low cost start up plan ....

[excellance] 08/6/2020 15:41

Oops typo
Very unlikely to NOT find copper!

[soulsauce] 08/6/2020 15:31

Do you mean likely to find copper exellance? Of all the things you are likely to find in Cyprus it is copper.

[excellance] 08/6/2020 15:26

No stock over 5,000 shares available on AJB currently.

[excellance] 08/6/2020 15:12

It's gone unnoticed by the market.

This £2m mkt cap company is very unlikely to find copper, and will likely find zinc and gold too.

Easy 7 to 10 bagged in just a couple of months in my opinion.

[excellance] 08/6/2020 15:11

It's gone unnoticed by the market.

This £2m mkt cap company is very unlikely to not find copper, and will likely find zinc and gold too.

Easy 7 to 10 bagged in just a couple of months in my opinion.

[excellance] 08/6/2020 15:08

Drilling later this month...

Chesterfield Resources Plc, the copper and gold mineral exploration company, is pleased to announce that Michael Parker is being promoted from Chief Operating Officer to the position of Managing Director.

Managing Director, Mike Parker said, "I am very pleased to accept the appointment and look forward to lead the team through the next stages of the exploration program with the company. Our local technical team has been released from lockdown and is now in the field preparing several targets for drilling later this month."

[soulsauce] 08/6/2020 08:31

Good news this morning, first piece of many I expect.

Excellent new tweet as well showing targets to be drilled and drone footage.

[someuwin] 08/6/2020 07:46

RNS Number : 1636P

Chesterfield Resources PLC

08 June 2020

Chesterfield Resources Plc/ EPIC: CHF/Market: LSE/ Sector: Mining

8 June 2020

Managing Director appointment

Chesterfield Resources Plc, the copper and gold mineral exploration company, is pleased to announce that Michael Parker is being promoted from Chief Operating Officer to the position of Managing Director.

Managing Director, Mike Parker said, "I am very pleased to accept the appointment and look forward to lead the team through the next stages of the exploration program with the company. Our local technical team has been released from lockdown and is now in the field preparing several targets for drilling later this month."

Executive Chairman Martin French said, "We are delighted that Mike Parker has accepted this new position which strengthens and broadens our management structure. Mike had a long and distinguished career at First Quantum Minerals where he was country manager of significant mining jurisdictions in DRC and then Peru. He was key in two major copper discoveries for First Quantum. Mike has been with Chesterfield for over a year and has been instrumental in running operations and developing our targeting in Cyprus."

[soulsauce] 07/6/2020 09:35

Another couple of new tweets.

[soulsauce] 05/6/2020 10:24

Latest tweet:-

Chesterfield Resources PLC
@ChesterfieldPlc
·
2h
View across our Troodos West licence area, where several target sites are being prepared for drilling later this month....

[soulsauce] 02/6/2020 08:30

It is Kirbs but you have been able to buy around 3.3 in recent days. It seems someone is happy to keep picking 100k up. Might be worth leaving a buy order or fill or kill.

Having listened to the presentations and interviews I am excited for CHF but also our AAU moving in to Cyprus.

[kirbs4] 02/6/2020 08:26

Ridiculous spread putting off activity here

[pranchalee] 27/5/2020 14:34

Cheers mare

[soulsauce] 27/5/2020 14:15

Yes pranchalee I am talking about this.

[excellance] 27/5/2020 14:02

20 March 2024

Kashif Afzal has become Executive Chairman with immediate effect, replacing Paul Ensor in this role who will become non-executive Director. Ajay Kejriwal will also cease to hold an executive position, but will remain on the Board as non-executive Director and will continue as a non-executive CFO. David Cliff has resigned from his position as non-executive Director with immediate effect.

The changes are to prepare the Company to be best placed to exploit its existing assets as well as review additional opportunities as they arise.

14 February 2024


"Mr. Wilson, continued, “While our focus will shift primarily to advancing Copper Road upon closing of the Transaction, we will remain committed to understanding Adeline’s potential, providing the best leverage possible for our shareholders.”

25 September 2023
The Board is pleased to announce the appointment of Mr Kashif Afzal as a non-executive director. These changes have occurred following the pending sale of Chesterfield shares by Polymetal...to Juniper International FZ LLC, a private investment holding and advisory company with a particular focus on mining and renewable energy that is based in the UAE. The final completion of the sale of the shares by Polymetal remains subject to certain regulatory considerations and it is expected that formal notification will be issued upon completion of the remaining formalities.

Mr Afzal, is a British businessman based in the UAE, and a graduate of Oxford University and the professional programme at the Camborne School of Mines. In addition to Juniper International FZ LLC, Mr Afzal is an advisor to a number of institutional and family office investors and a Director of Blockbase Asia and Bosonic Energy. He will be a welcome addition to the Board of Chesterfield as his experience and network in the UAE will assist in the identification and financing of additional opportunities for the company.

Ajay Kejriwal, Interim CEO and CFO of Chesterfield, has for some time been a consultant to Juniper Capital Partners Ltd, a company that is also owned by Mr Afzal.

15 September 2023
During the first half of 2023, the Board has continued to carry out extensive work to examine a number of possible options for the Company to make an investment into new opportunities. The goal is to find a new area of business activity that will generate significant shareholder value in the near term and to announce a new direction in Chesterfield's development by the end of 2023. Shareholders should note that, subject to the terms that may be agreed for these opportunities, additional capital raising or additional shares being issued are possible outcomes of such a change.

26 June 2023
The Company has formulated plans for further exploration work on the retained properties, and remains in preliminary discussions with potential joint venture partners to carry out this work. The Board would prefer to work with partners on these promising properties and will update shareholders as and when any formal arrangements are entered into

Extensive work is underway to consider a number of possible options on offer. The most important criterion behind this work will be to generate significant shareholder value in the near term...through what it aims to be a transformational investment into a new area of activity

6 March 2023 agreement with Sterling, option to purchase Adeline project.

1) Sterling will pay a total of £490,000 in three separate payments:
- £62,250 with immediate effect, and
- £183,750 following receipt of permission from the TSX-V authorities to complete the deal, and
- £230,000 final payment to be paid on or before 30 November 2024.

2) Sterling will issue a total of 9m shares to Chesterfield in two equal lots.
- 4.5m following and subject to receipt of permission from the TSX-V authorities to complete the deal, and
- 4.5m to be issued on or before 30 November 2024.
Chesterfield's ability to sell its shares in Sterling will be restricted according to certain terms detailed in the agreement.

3) The final £230,000 and the second tranche of 4.5m shares are payable should Sterling decide to exercise its option to acquire the Adeline licences at any time prior to 30 November 2024.


23-2-2022 - Cyprus Drilling update
Chesterfield Resources drills further significant gold-rich and polymetallic mineralisation in Cyprus on three targets. Key 12km long mineralised trend identified at Troodos West. The "Westline Trend" will now be the focus of the company's 2022 exploration campaign that is to commence very shortly.

Highlights of assay results from Orchard include:

- 21OR01: 5.70m @ 4.05% CuEq1
2.27g/t Au,
6.32g/t Ag
0.42% Cu,
5.99% Zn
within a zone of 24.05m @ 1.73% CuEq1
1.69g/t Au,
5.85g/t Ag,
0.11% Cu,
1.48% Zn

[pranchalee] 27/5/2020 13:16

As has this a main listing mate