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CHF Chesterfield Resources Plc

0.35
0.00 (0.00%)
13 Sep 2024 - Closed
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% 0.35 34,966 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.30 0.40 0.35 0.35 0.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec -1.88M -0.0144 -0.24 456.15k
Last Trade Time Trade Type Trade Size Trade Price Currency
09:50:11 O 34,966 0.321 GBX

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Date Time Title Posts
11/7/202422:06Chesterfield Resources PLC - 12 100% owned licenses in Cyprus6,369
04/12/202320:43Chesterfield Resources PLC 249
20/11/202311:59chezzer22
25/6/200401:13CHEZZER TRADING7
06/6/200421:28is usdchf buy at this level?-

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Posted at 15/9/2024 09:20 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 0.35p.
Chesterfield Resources currently has 130,328,311 shares in issue. The market capitalisation of Chesterfield Resources is £456,149.
Chesterfield Resources has a price to earnings ratio (PE ratio) of -0.24.
This morning CHF shares opened at 0.35p
Posted at 27/6/2024 22:50 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 18/6/2024 13:03 by excellance
This deal means that uncertainty about liabilities towards Adeline are replaced with cash and a free carry in Canada.

CHF now have about £300k in the bank and 5% of Sterling equity worth a similar amount or more, but could rocket 20 fold.

Now we can turn towards Westline and give that our full attention.

I'm fairly sure we'll see a partner there, someone like Venus, perhaps even another disposal, or a merger.
Posted at 14/6/2024 08:46 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 19:51 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 19:03 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 08:18 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 22/3/2024 22:02 by excellance
Sterling could solve one of their cash problems by taking over CHF for shares instead of cash, rather than either paying CHF the outstanding balance or giving Adeline back. That way Dave and Paul get to exercise their options.
Posted at 20/3/2024 21:37 by ruthfuller665
In case anybody doesn’t know,”Excellence”’is really Paul Ensor who for over a year has been obsessively posting a bizarre series of daily messages pretending to be someone else but pushing Paul Ensor’s agenda.

Since he “rescued the company” Chesterfield has been a
disaster. The share price has collapsed, £700,000 has “disappeared” from the bank account, despite the fact that the company has been totally non-operational. He hasn’t even bothered to update the company website. This stock is toxic. If the company wants a fresh start it needs a proper new board of people that the market trusts.
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 18:03 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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