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CHF Chesterfield Resources Plc

0.30
0.00 (0.00%)
Last Updated: 08:00:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chesterfield Resources Plc LSE:CHF London Ordinary Share GB00BF2F1X78 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.00 08:00:01
Bid Price Offer Price High Price Low Price Open Price
0.20 0.40 0.30 0.30 0.30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec -1.88M -0.0144 -0.21 390.98k
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.30 GBX

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Date Time Title Posts
13/11/202410:18Chesterfield Resources PLC - 12 100% owned licenses in Cyprus6,383
04/12/202320:43Chesterfield Resources PLC 249
20/11/202311:59chezzer22
25/6/200400:13CHEZZER TRADING7
06/6/200420:28is usdchf buy at this level?-

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Chesterfield Resources (CHF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-20 14:00:060.278002.16UT
2024-11-20 09:00:020.286001.66UT
2024-11-20 08:56:430.206,50013.00O
2024-11-20 08:37:090.408,87735.51O
2024-11-20 08:35:400.4021,22584.90O

Chesterfield Resources (CHF) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Chesterfield Resources Daily Update
Chesterfield Resources Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker CHF. The last closing price for Chesterfield Resources was 0.30p.
Chesterfield Resources currently has 130,328,311 shares in issue. The market capitalisation of Chesterfield Resources is £390,985.
Chesterfield Resources has a price to earnings ratio (PE ratio) of -0.21.
This morning CHF shares opened at 0.30p
Posted at 27/9/2024 19:50 by excellance
The market cap is currently about £200k, with £150k cash in the bank, 5% interest in SAG and some licenses in Cyprus.

The Cyprus assets are a liability if the company don't intend to explore them, but maybe someone wants to take them from us with drill data.

The Sterling assets, copper road and Adeline, are both huge and exciting projects but will be expensive to explore and will take a decade.

Is there any hope?

Yeah sure, in six months SAG will drill, and if they hit then bingo.

In Cyprus, maybe there are moves with others to create a Cyprus based exploration company by merging with others as hinted at in the recent annual report.

Meanwhile, Kashif has mentioned potential other opportunities, and I expect he's acquired a big chunk of the CHF equity because he actually has a plan.

Anyway, £200k mkt cap without a plan seems about right, but is there any reason for anyone to buy?

Well, CHF may have the same name as 3 years ago but that ship and it's merry men has sailed.

Anyone buying now will be doing so because they believe that SAG will hit pay dirt or because they believe that Kashif has an actual plan.
Posted at 26/9/2024 16:25 by excellance
Hence they are stripping assets to the bone.

Can they really sell the Cyprus licenses when they can be picked up for free after CHF relinquish back to the Cypriot authorities?

Maybe Matty Wilson will pull a rabbit out of his backside over at Sterling and actually make meaningful progress and save the day...?
Posted at 26/9/2024 14:55 by ruthfuller665
What actually happened is that Paul Ensor pushed Martin French out and so he could take his job and a salary, while doing absolutely no work. He then told a pack of lies to cover his tracks. The company had a healthy cash balance, but that somehow all disappeared, despite the company being totally non-operational. Two years later, the share price is down 90%.
Posted at 27/6/2024 21:50 by excellance
In the recent disposal rns it stated that CHF will receive more SAG shares and less cash than originally agreed, and several months earlier than agreed, the question is why, and at whose insistence?

Personally I am amazed that the disposal went thru at all, but delighted that it did.

SAG have some sterling assets, and we own over 5%, while we also have a little cash, extremely low costs, and another asset to dispose of or work on.
Posted at 14/6/2024 07:46 by excellance
Looks like Sterling have dropped Adeline out of their immediate plans. They could buy the entirety of CHF for the same amount as the second tranche of Adeline and retain their own shares, and have a London listing and a modest Cyprus portfolio.
Posted at 28/5/2024 18:51 by highley1
It's been a POS almost from the beginning.

The ludicrous decision to go with Adeline, which is far too large a project to embark on for CHF in the first place, combined with the completely wrong decision to try and list in Canada, were bad enough.

Then the buck has been passed onto someone that doesn't seem to know how to arrest the slide, and CHF is floundering as a shell with no real assets and nothing to develop them with.

5% of Sterling doesn't equate to much, and they would kill the price if they try and sell in the market.

Anyone buying shares here is just bonkers.
Posted at 27/5/2024 18:03 by excellance
You say CHF is a POS, but CHF is just a shell with a thimble full of cash, three quite interesting licenses in Cyprus, and 5% of Sterling...

Obviously Sterling is a 100% exploration proposition and needs to hit decent grades/intervals to enable further funding.

CHF appear to be ready to offload all of the natural resource assets and find opportunities elsewhere.
Posted at 19/4/2024 07:18 by excellance
I wonder who the next appointment will be, looks like our Canadian HNW backers have bailed.

CHF look to be getting Adeline back, and no further cash or shares from Sterling, but if Sterling decided to close the deal it would be cheaper for them to just buy CHF, get Adeline, the 5% of their shares owned by CHF, the money in the bank, Westline, and a london listing, all for a couple of pennies.
Posted at 03/12/2023 13:45 by excellance
Let's be honest...

CHF was set up to do one thing, search for copper rich polymetallic deposits in the Troodos mountains.

They managed to get funding for one moderate sized attempt at diamond drilling with the aid of other state of the art technology after previous low budget RC drilling showed promise.

The diamond drilling was indecisive, didn't hit the jackpot, and COVID severely hindered progress.

It became apparent that Cyprus would need more funding, and connections managed to get hold of Adeline to "fill out" the portfolio, but that meant CHF had two projects to finance, and no staff or equipment to that in a rapidly deteriorating capital market.

Frenchy tried and failed to get a secondary listing away which would have included issuing shares and raising capital, that is the point of such exercises.

That failure meant that Adeline had to be farmed out, and Westline too to a lesser extent.

Capital markets have not improved, so we have to wait and see if Sterling can get a good result, and what the CHF share price will be when PE and AJ negotiate terms to get Westline another roll of the dice.

To summarise, exploration is always high risk, capital markets go up and down, CHF have had a dreadful year or two and are on a knifes edge, but things can only get better, or go bust...but we knew that from the start, didn't we?

Interestingly SAG closed up 40% on Friday, from a very low share price Could be something or nothing, time will tell.
Posted at 30/6/2023 17:03 by excellance
£8k worth of shares sold and the share price drops 15%, current mkt cap just over £1m.

We have maybe £300k in cash. 8% of a company that will need more cash, and 3 Cyprus licenses that will need funding.

The funding question is the single biggest challenge facing us. If we raise £1m with a prospectus what will our share price be?

Sterling are drilling at Sail Pond, but we won't see results for another 3 to 4 months, and they may be duds, then drilling at Adeline, so patience required.

No activity in Cyprus until we get funding, and funding is likely to be direct investment into Westline.

Our biggest asset is probably our London listing, and with our clean balance sheet and a few million quid of losses booked a transformational opportunity presents itself for another party to easily reverse in to us to get access to market funding.

Obviously the Cyprus junior explorers have all struggled badly lately, with the Venus IPO shelved indefinitely, and the CHF share price dropping over 90%, and what happened to the other one? Market sentiment has been brutal for any company needing cash, but as interest rates peak later this year we should see an easing of the credit freeze.

Patience is definitely required here, and nerves of steel...
Chesterfield Resources share price data is direct from the London Stock Exchange

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