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
  -0.30 -2.37% 12.35 563,545 14:11:52
Bid Price Offer Price High Price Low Price Open Price
12.20 12.50 12.65 12.10 12.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.54 -0.87 13
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:48 O 20,000 12.2001 GBX

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Date Time Title Posts
20/1/202117:34Chesterfield Resources PLC - 12 100% owned licenses in Cyprus2,453
10/12/202013:45Chesterfield Resources PLC 225
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
2021-01-20 16:28:4912.2020,0002,440.02O
2021-01-20 15:57:3912.2075,0009,150.00O
2021-01-20 15:33:2112.303,071377.73O
2021-01-20 15:25:2012.226,031736.72O
2021-01-20 15:06:0812.201,471179.46O
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Chesterfield Resources (CHF) Top Chat Posts

Chesterfield Resources Daily Update: Chesterfield Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker CHF. The last closing price for Chesterfield Resources was 12.65p.
Chesterfield Resources Plc has a 4 week average price of 12.10p and a 12 week average price of 8.60p.
The 1 year high share price is 19p while the 1 year low share price is currently 1.40p.
There are currently 101,911,112 shares in issue and the average daily traded volume is 526,365 shares. The market capitalisation of Chesterfield Resources Plc is £12,586,022.33.
excellance: The thing is, trading provides liquidity, creates a live market, but it also causes the share price to rise and fall as shares change hands, and sometimes, when deals are being done that involve options for directors, or share swaps for mergers, the bankers want a stable share price, within their range of choice, to make the options and swaps attractive to those concerned... When we buy Venus we will do so by giving them shares. This board are using the "expanded share capital" model of growth rather than expanding the balance sheet, at the moment. Of course it may be the AAU subsidiary working to acquire 50% of Venus that we take over, and it may be for cash...because AAU are a hotch potch lacking focus with too many fingers in too many pies, and they've always had to dilute their assets because they never had enough cash...but AAU are due a cash windfall already, so do they need or want more for their projects? Many hope for a special dividend from AAU but is thar likely? It certainly isn't reflected in their sickly looking share price .. AAU is however worth watching to see how they evolve.
excellance: Despite my tantrums of last week, and even if the assays are not spectacular, I think CHF is a lovely regional copper play. I'm uncertain about gold, particularly after that big drop on Friday after the US jobs numbers...but copper nickel and zinc should still do well regardless of dollar strength. I am hoping for a solid week or two ahead for CHF and some others I hold. Fact is, I am hugely overweight CHF but just can't resist buying more if the share price falls, which can be a dangerous strategy, but obviously I'm hoping it pays off very well... Best wishes to you all.
harrisun: Its usually the case that when options are announced, the share price drops below the option price. Whether that's coincidence or not I leave to you all to decide. Psychologically its like placings that often react in the same way. My own conspiracy theory is its done to point the finger and suggest shareholders could have taken advantage of an share price lower than a placing or option price. After a short while the share price then recovers and its back to normal business.
bigglesbingham: The comments made regarding manipulation of the share price should actually be positive for the share price moving forward because assay results may not better than MF made out. Then again investors don't like investing when they have the potential of having wool pulled over their eyes in future. Another thing he said I. Interview was they didn't want investors investing because they thought poly had invested cos of assay results. Obviously many did and have and him saying that had only one potential outcome. Thought he was numb for saying it at time but obviously was hidden agenda.
excellance: I don't believe a word he says anyway. He said that the assays are just coming thru now, but if a transformational discovery had been made it would have been in the prospectus printed in November. Maybe if he had a time machine. He said that poly wanted absolute confidentiality on assays...the ones that are just coming thru now allegedly. He couldn't wait to tell us about M&A later in 2021...but that's his trick...and he says green metals are in focus...specifically copper rather than gold, and poly are interested in our post code. If not Venus, who have a load of historical data on Cyprus and quite a large footprint, then who? Naa CHF are going to buy out Venus in an all share deal, and AAU will be gazumped. AAU don't bring as much value to the Venus table as an all share merger with CHF, backed by poly. It's a great deal for both. I know some folk on here are in love with AAU, but as I said before they are a hotch potch company and they really need to start focusing on their core assets. That's why their share price hasn't really shown their true potential yet. An all share deal with Venus explains why our share price has been held back. If our share price is too high then it won't offer enough incentive for Venus owners who are the king makers, so car crash has tried his best to deflate our share price Venus probably have offices and a compound already set up in Cyprus, and we can build an assay lab there. Exciting times ahead, but they aren't going to tell us the full truth until they have usual we will be the last to know.
excellance: The CHF share price closed at 10.75p the day before the Poly deal and placing at 9p was announced. The share price closed at 14p the day of the announcement, then continued to rise to about 19.4p a few days later, and has been consolidating ever since. Why and how did poly get themselves into a position to buy 22.5% at 9p? Were they approached or did they approach us? What is their relationship prior to and post placing? Why didn't we wait until drilling results were out? Did poly have an agent on site and have good insight into what the cores would reveal and were keen to get in quick and get drilling planned? Did CHF have good insight into what the cores would show and needed the cash fast to secure drilling rigs for coming spring? All happening very quickly now. Very exciting. Follow ths money. Happy Xmas all.
harrisun: jay. Yes it did say 9p, but that was a placing TO be carried out, so therefore had not been carried out. The fiduciary duties of the BoD are to get the best they can, and in a situation where because of the already announced Poly tie up the share price had gone up to 14p. They could and in my opinion should have made the placing price reflect it. As it was not an open placing, it means those privileged to take part were gifted the shares knowing that if they wanted they could immediately take a profit, and which may well then reduce the share price So using your logic, if a company announced that it would be arranging a placing at 10p in the future, but then there was a prospective bid announced for the company the same day at 45p, the company would still sell placing shares at 10p?
soulsauce: The share price shot up due to the news - jeeze!! Hold on Mr Poly, the share price has gone up on that news, surprise surprise (who'd have thought it eh), and so I am going to issue another RNS and set the price higher lol, you can take it or leave it lololol!! In fact that deserves a rotfl. I give up.
harrisun: Have to say though that's not a fundraising, that's a gift. I know sometimes discounting is required, but this fundraising intention announced late November and the share price didn't really warrant a 9p placing price to unnamed 'investors' when even 26th November it was circa 13-14.5p and this was after the Polly investment was noted. Happy Xmas to some, but don't think it puts them in a good light, as placing at that price was a gift considering the share price which was rising way above the placing price. Even 20% discount would have still seen a placing price higher than announced. The BoD's duty is to get the best price it can in any placing...I don't believe they did in this instance.
harrisun: 32 That scenario is unlikely, because for Poly its a very cheap investment, allowing more work to determine the value of the assets CHF hold. With BoD representation it gives them the inside track, so whilst I believe they will bid for CHF, I suspect they will wait it out to determine the potential, and then bid before full potential can be realised, but as other posters suggest so much more for the share price to run before that, and even at 10 times today's sp, its a drop in the ocean for an acquirer if the assets prove to be decent, and every reason to believe that to be the case. As mentioned previously having now secured over 22.5% this must be considered a friendly with CHF's board knowing the likely conclusion. With 22.5% under their belt it derisks both CHF and Poly from hostiles, and it looks to be like CHF know their end game, with Poly being party to it. So work out the shares required to get over a 50% vote, even with a ten fold increase from here, it could be a very lucrative take out for Poly, and mutually lucrative for shareholders. I know to take full ownership it would require much more than 50% but I don't believe that would be a problem with what appears to be a very mutually beneficial arrangement.
Chesterfield Resources share price data is direct from the London Stock Exchange
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