Chesterfield Resources Share Discussion Threads

[harrisun] 01/12/2020 14:24

I added a few Kefi along with CHF which were hard to get hold of and even moreso yesterday. But still have the EUA. I did though drop Castillo so no doubt that will shoot up.

Keep the winners, as the natural reaction is to sell too soon. Yes top slice if the need arises, but AIM is a fickle market, and selling too soon often means the rare winners who can add multiples to a share price get lost along the way.

When EUA is resolved, I do expect there will be money looking for new homes, but I tend not to invest on a mixture of fundamentals, potential and good old gut feeling.

I must though congratulate Excellence as some very good results were down to his first mention so I claim no credit.

[shortarm] 01/12/2020 14:24

1.9% copper equivalent to a value of 2.5 billion dollars will do me at Kefi!

[wassapper] 01/12/2020 14:23

Rio - You have to be joking? KEFI? Good luck with that. Old Harry has been around for so long. and their copper grades in Saudi looked poor to me last time I looked. I had a few on SBets and sold at a small profit when he cam out with that nonsense funding update that didn't even add up, let alone make any sense, about a month ago

Try AYM (stock tight now like here) for something with proven resources and a mining licence (as well as peripheral iron ore worth more than market cap).

[riotinted_specs] 01/12/2020 13:37

I saw it for my own eyes some added KEFI to their portfolio the last big EUA rise. I thought you were one of them. GWMO was another one that EUA shareholders were going to. I've left my EUA where it is.

[soulsauce] 01/12/2020 13:35

Good analogy homebrew, the difference here being copper is in focus and I think we will be attacking $4 before long as shortages become apparent for what is going to be needed to supply the green revolution.

[sammythevoice84] 01/12/2020 13:33

Cahones will be tested for sure but we are on to something here

[homebrewruss] 01/12/2020 13:28

This reminds me slightly of TXP where I also have a holding. It's a gas play in Trinidad so doesn't sound that similar on the surface but..
TXP acquired what they saw as the most prospective license in Trinidad and what they have done is reanalyze old wells drilled in the 50s and 60s and applied new technology and analysis to prove up a new geological model where others had missed the opportunity.
They have now drilled 3 successful wells with much more to come.

This is hopefully the start of a similar story at CHF.

[pranchalee] 01/12/2020 13:26

It’s going to take some nerve to ride this to the top

[soulsauce] 01/12/2020 13:24

I always bring it back to oil pranchalee and I know it is comparing apples and oranges. But if it was a minnow oiler and a ftse 200 producer with deep pockets had bought a 22.5% stake in what they see, do we think for a minute it would be valued anywhere below £50m even in the current oil malaise.

[pranchalee] 01/12/2020 13:12

Soul you have it in one

[soulsauce] 01/12/2020 13:04

Me neither 🙄

[excellance] 01/12/2020 12:59

Good luck with Kefi, I won't be joining you there.

[riotinted_specs] 01/12/2020 12:54

My understanding is that some of the EUA investors are cashing out and moving to the next multibagger - KEFI also being one of those poised, coiled for near term multiples

[32campomar] 01/12/2020 12:46

I only ask because I wonder with today's price rise (up 2p as I write) someone has got wind that they are imminent? Or perhaps it's investors waking up to the huge news of the big backing by a FTSE 100 company?

[soulsauce] 01/12/2020 12:45

There ya go, off again now 😉

[soulsauce] 01/12/2020 12:35

It's how long is a piece of string in Covid times.

[32campomar] 01/12/2020 12:23

Any idea timescale for seeing results, I imagine this side of Xmas?

[excellance] 01/12/2020 12:20

I see CHF as very like EUA.

CHF have bagged themselves over a dozen licences in Cyprus over ths last few years BEFORE drilling, and they now have a regional footprint that others can only dream of.

They chose to acquire licenses and only drill once they secured a big enough footprint, because they didn't want others to get wind of their cunning plan and have to compete with them.

Also, a major like poly getting licenses would have alerted other majors...

So, little £10m CHF now have a dominant regional footprint, first mover advantage, top quality management, funding, and now the backing of a major.

All we need now is to see the product of all their years of research and acquisition by seeing those assay results.

[soulsauce] 01/12/2020 12:16

They were probably taking in to account the new shares.

[78steve] 01/12/2020 12:13

Advfn shows mcap at 11m and not 14m as someone stated here.

[soulsauce] 01/12/2020 12:13

Quite possibly wassapper 😉👍

[wassapper] 01/12/2020 12:08

I think they will have to shake it upwards to get people to sell some stock !

[soulsauce] 01/12/2020 12:00

Surprised the MMs haven't tried shaking the tree yet 🤔

[excellance] 01/12/2020 11:56

Here is a link to a Stockbox interview with ECR CEO Craig Brown from yesterday, and in it he explains the labs and set up they have to give then info on assays on site...a set up that I'm sure CHF will also have.
Based on internal lab results CHF will know what they have, and I'm sure Poly will have seen said info.