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An RNS would tell us what they paid for the shares. Did they pay market price, a premium, or did they negotiate a discount?
Agreed Harford. A TR1 should have been registered and an RNS issued.
It's good to hear it sounds like the share sale to Juniper is a done deal. The last we heard in September was "The final completion of the sale of the shares by Polymetal remains subject to certain regulatory considerations and it is expected that formal notification will be issued upon completion of the remaining formalities."
They should have RNS'd this.
Juniper already own the 17.9% shareholding previously held by Polymetal. You will see that this is shown on their website.
Funnily enough, I spoke to Paul Easton earlier this week and he told me that they were going to have a meeting with their new advisers Peterhouse Capital. Little did I know that today's news would emerge.
The mcap at just £847K ( per HL) is so low. The company has funds to come from its Canadian assets with a payment of CAD$400,000 (c. £244,000), which constitutes 50% of an option, in the event that Sterling (the Canadian company) opt to acquire Chesterfield's Adeline licences prior to 30 November 2024, together with with a further 4.5m Sterling shares on the same conditions by 30 November 2024.
I have been waiting for something to happen having invested a few months ago after the share change took place and naturally now it is a question of watch this space. No reason not to think that this could be a multi-bagger once any possible asset is announced. That may take a month or more but you never know what they have already looked at.
Juniper will own almost 18% of the shares once the transfer from Polymetal takes place. Plenty of incentive to make something of this.
Kashif Afzal looks like a heavy hitter. Seems to specialise in the energy/renewables space. One of his directorships is https://blockbasegroup.com/ could be we make a move into something similar.
Worth a revist to this thread.
Significant upside potential
0.74 paid there.
"The Board aims to make the most of the Company's resources through what it aims to be a transformational investment into a new area of activity. Extensive work is underway to consider a number of possible options on offer. The most important criterion behind this work will be to generate significant shareholder value in the near term". That was back in June 2023. It's been slow progress here but the 2p options show that they have confidence they can create some value here.
Things are afoot! Shares issued at exercise price of 2p - 4x current share value
Given the recent change of broker next week could be interesting!
Sterling Metals up 76% today.
We should see a tick up once Sterling Metals ends suspension as detailed today in RNS.
Can't be long now until we get a positive update
Sterling Metals acquires Copper Road project:
https://www.sterlingmetals.ca/news/sterling-metals-signs-definitive-agreement-to-acquire-the---copper-road-project-in-ontario
0.42 looks to be the bottom...near az dammit..imo
I’m a little disappointed
It clearly stated ithat a new direction to drive shareholder return would be announced by the end of 2023 … we’re still waiting
Good luck to you, but "hope" has never been a good investment thesis!
What on earth do you see here that makes you want to risk your cash?
St peter
how bigger help iyo ????????
Back to previous highs of few years ago????? or just a 300% uplift or so?
Added £2k this morning. 2024 will hopefully prove to be a transformational year with Juniper help finding a new resource for the company
Maybe they are waiting until the 2nd of January so momentum will continue throughout the week
Fingers crossed
From the Half-year report: "The goal is to find a new area of business activity that will generate significant shareholder value in the near term and to announce a new direction in Chesterfield's development by the end of 2023. ".
I wonder if we will hear anything before the end of 2023?
Bought a few here earlier in the week,Juniper International buying in interests me.UAE companies keen to diversify into battery metals/renewables space and plenty of cash to splash. Looking forward to better market sentiment in 2024 coupled with positive newsflow here. GLA.
NT to buy for any real size.
Won’t be getting mine for a while