We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

CHF Chesterfield Resources Plc

-0.025 (-4.76%)
01 Dec 2023 - 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
  -0.025 -4.76% 0.50 5,002,696 14:00:17
Bid Price Offer Price High Price Low Price Open Price
0.45 0.55 0.525 0.475 0.525
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec -3.66M -0.0281 -0.18 651.64k
Last Trade Time Trade Type Trade Size Trade Price Currency
15:57:28 O 5,000 0.485 GBX

Chesterfield Resources (CHF) Latest News

Chesterfield Resources (CHF) Discussions and Chat

Chesterfield Resources Forums and Chat

Date Time Title Posts
29/11/202302:39Chesterfield Resources PLC - 12 100% owned licenses in Cyprus6,288
28/11/202310:48Chesterfield Resources PLC 248
25/6/200400:13CHEZZER TRADING7
06/6/200420:28is usdchf buy at this level?-

Add a New Thread

Chesterfield Resources (CHF) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Chesterfield Resources (CHF) Top Chat Posts

Top Posts
Posted at 01/12/2023 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 0.53p.
Chesterfield Resources currently has 130,328,311 shares in issue. The market capitalisation of Chesterfield Resources is £651,642.
Chesterfield Resources has a price to earnings ratio (PE ratio) of -0.18.
This morning CHF shares opened at 0.53p
Posted at 06/10/2023 16:02 by excellance
CHF currently own 4% of SAG, and SAG have an option, before November 2024, to close the deal by giving CHF another 4% of SAG equity plus a couple of hundred thousand quid.

Of course if SAG hit good pay dirt they may raise capital by issuing equity...
Posted at 06/10/2023 14:56 by concentrate
So two eventualities are possible:

-Essentially all CHF have is two part time semi retired geologists, licenses in Cyprus with a modest discovery, 8% of SAG, and £450k in the bank.

-Essentially all CHF have is two part time semi retired geologists, licenses in Cyprus with a modest discovery, 4% of SAG, £250k in the bank, and 100% of Adeline (an asset which SAG chose not to acquire for 4.5m shares and £250k).
Posted at 22/8/2023 08:04 by ruthfuller665
A further collapse in the Chesterfield share price today, which has hit yet another all-time low at 0.75p. The shares are now down over 80% from when the current management claim to have “rescued”; the company a year ago, before closing operations, selling the assets and then cash disappearing from the bank account. The stock is now down 93% from where it had been typically trading under the old guard, prior to the events in Ukraine and down 97% from the stock’s high.
Posted at 28/7/2023 15:17 by excellance
Put it this way, if car crash was still at the helm CHF would be out of business.

His wages cost more than an entire years drilling, and minnows like CHF can't afford failure of that magnitude.

Let's be absolutely clear, Frenchy failed at every level and cost us a fortune in several ways.

I'm not saying that taking that risk wasn't worth it, but our share price now is directly down to MF draining our cash reserves and delivering nothing.

CHF is now effectively for sale, and have put all assets either into hibernation or into the care of others, while cutting costs to the bone by getting rid of expensive staff.

We either go to the sale room or to the wall.

As you rightly pointed out, we have done nothing, and will need a prospectus to raise capital, but there are options...

Btw, Venus and CHF will keep talks under NDA.
Posted at 10/7/2023 23:05 by excellance
A secondary listing would have created a load of new shares, given CHF a cash boost, but the major holders didn't want their holdings diluted and their was no market for the IPO at the share price the committee had in mind.

French failed, was ousted, plan B came into effect...survival!
Posted at 09/7/2023 07:34 by excellance
Obviously the plan for CHF is to focus on Cyprus again.

Paul has completely stripped out the non core assets and has stated that he'd "prefer to work with partners" on the Westline project, presumably as opposed to divesting. Exactly what that means, and when, remains to be seen.

Currently we still have an interim CEO, no current exploration activity, no debt, no staff, no premises, are at preliminary stage of talks about Cyprus, and potentially an 8% interest in SAG V who are exploring two very large copper prospects, and for this year that is the activity that could massively change the outlook and share price here.
Going forward, we will need more cash to strengthen our hand and give us options, but until then all eyes on Sterling.
Posted at 04/7/2023 20:23 by excellance
I doubt anything will happen in Cyprus this year, we can't do anything more until we get funding or a deal, and talks are only preliminary.

How we get funding depends on how Sterling do with their drilling. If they hit big then that increases the value of our holding, but the sale of Adeline is optional and if drilling goes well at Sail Pond and not so well at Adeline maybe they won't complete?

If drilling at both Canada assets goes badly then we can be thankful it wasn't us!

If all goes well then we may end up with 8% of a very valuable holding which we can leverage to finance Westline if we still want to, or we can let it go.

Extremely high risk, but high reward too.

How much could Sterling be worth if they get lucky, and how much will our holding be worth?

If Sterling achieve a mkt cap of just £100m our holding will be worth £8m, eight times our current share price and giving nothing for Westline and cash reserves.

CHF is grossly under valued by those metrics, but obviously Sterling may not hit anything.
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...
Posted at 21/5/2023 03:47 by ruthfuller665
Another of Excellence’s daily dose of false and misleading information

Sterling Metals has a drill budget on Adeline of C$2m (£1.2m), the same as CHF had, in other words very little. It is a big piece of land, but you just drill the prime targets first. So the idea that Adeline was “too big” for CHF was simply not true. Flight time to Labrador from London is only about five hours, not much further than Cyprus, so its location was not an issue either.

Not only was it very do-able, Adeline is an extremely attractive project right now. Canada is primed to be the “critical metal supermarket” for the United States, as there is no geopolitical risk.

Any initial drill success at Adeline could have easily have propelled CHF to the next level, ie a 20-50p stock. On drill success, which looked pretty likely, CHF could have gone out and found a major JV partner for the project, on a strong valuation. The strategy was designed to build CHF into a significant company for shareholders. It made a lot if sense and was quite a normal path forward for junior explorers.
Posted at 27/1/2023 08:34 by mininglamp
The market seems to have this wrong in my considered opinion, I have taken some this morning as a result.

The share price was trading around 2.5p the day the sale of Adeline to Pacton was announced in November, the deal was considered a poor one for a number of reasons, the share price plummeted days after.

Today CHF still own 100% of Adeline with new options on the table, the cash position is probably better than many suggest due to extensive cost cutting as discussed in the results statement.

In my view the share price will recover ground, possibly back to the 2.5p region based on today's news and future events.

No wonder it was hard to buy this morning.

DYOR etc.
Chesterfield Resources share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |