Chesterfield Resources Share Discussion Threads

[excellance] 04/12/2020 11:07

Looks like it.

[32campomar] 04/12/2020 11:03

May get a little recovery this afternoon, looks like profit taking is drying up.

[excellance] 04/12/2020 10:42

Poly were quick to put their money on the table, but the size of the deal means it must be approved...

"The transaction is contingent upon the approval of a prospectus by the FCA (Financial Conduct Authority)."

[harrisun] 04/12/2020 10:22

That would be an interesting development

[excellance] 04/12/2020 10:21

More selling at 16.00

Clearly someone offloading, or shorting maybe?

Are we really getting ahead of ourselves at under 20p?

20p implies a fully diluted mkt cap of £20m, currently £16m once poly get their shares issued.

If another major puts a bid in now can they stop poly getting their shares?

[harrisun] 04/12/2020 10:12

Put a bit more in today.

[harrisun] 04/12/2020 10:04

no its not AIM, but the majority of my investments are.

Because CHF is such a small mkt. cap. I treat it like an AIM stock.

[simonparker5] 04/12/2020 10:03

It is not AIM, CHF has a full listing.

[excellance] 04/12/2020 10:02

Is it AIM?

[harrisun] 04/12/2020 10:01

Any time a share doubles in a short space of time you are bound to get profit takers, but it doesn't alter the very good fundamentals. I've lost more overall profit selling too quick especially on AIM. One of the very few benefits on AIM is that winners can have their share price increase exponentially.

When it does drop back I just ask myself whether something has changed negatively in the fundamentals?

At present it looks positive irrespective of the drop back.

[excellance] 04/12/2020 10:00

If it goes lower I'll take more...

[excellance] 04/12/2020 09:59

I got 50K at 16.3p

[pkul] 04/12/2020 09:57

Also got a shade over 30,000 shares.

[excellance] 04/12/2020 09:56

Nice tweet.

"this current price strengt is not an irrational aberration, rather we view it is the first leg of a structural bull market..."

In copper obviously.

[talkman2] 04/12/2020 09:55

Just got another 50,000 at 16.37p

[excellance] 04/12/2020 09:36

Someone selling at 16.12

I've bought a few more.

We are about 17% off our highs of 19.38 so if this were a more mainstream stock then a 30% correction could be seen as normal, but this isn't a normal stock, it looks like it could be spectacular!

[32campomar] 04/12/2020 09:23

Current 16.6p trades are buys even Though below mid price

[78steve] 04/12/2020 09:06

Good bit of consolidation it's healthy for more sustained gains hopefully moving forwards

[talkman2] 04/12/2020 09:05

To quote from the RNS on 13th November’ The strong results of the programme have led it to be extended from
Toodros West to Troodis North . The AMT survey has provided STRONG indications of potential extensions to a HIGH GRADE historic mine at Agrokipis .

It must be big and significant enough to convince Polymetal to take a strategic stake . I certainly would not sell at these levels but thinking of adding.

[78steve] 04/12/2020 09:01

Good bit of consolidation it's healthy for more sustained gains

[talkman2] 04/12/2020 08:54

Excellence , to calm you just read again the RNS on the 13th November. There is a lot to read into it which is very reassuring and exciting. I’m holding my shares very very tightly . Thus journey is just starting . I am very confident that we are going significantly higher

[wassapper] 04/12/2020 08:53

Copper breaking strongly above $3.50 per lb

[4711phil] 04/12/2020 08:51

‘Nobody ever lost money taking a profit’ Bernard Baruch.

[excellance] 04/12/2020 08:36

It is very normal in cases like this for early entrants to derisk BEFORE results as insurance against results not quite being as good as the market expects.

This is the source of my anxiety.

My mathematical mind says to top slice, but my instincts says buy more....

The sharks are circling...POLY have taken a first bite...who else is wanting a nibble?