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Is it a bargain? The failure to sell the Canadian asset puts the company's viability at risk. On 30/6/22 there was £600k cash and admin is c£500k per 6 months. Must now be very low.
The asset sale at a much higher price than the current market cap would have been well timed. Now the purchaser has pulled out what happens next? The BOD are very quiet. Never a good sign IMHO
All buy at 1.55
Still adding a little at a time easy bag from these levels even on low volume. Don’t say you wasn’t told
Deals will be done here for Adeline no doubt about then there can be closure in one area and new impetus
Spot on...What a price to buy at...
Essentially this is the same company that hit 15p the assets have not diminished. Only thing lacking is sentiment, communication and promotion which will improve. 3p target mid term here
Anyone care to explain the small trades here?
MMS trying to generate a market?
Evening out the book?
Or small children spending their pocket money on shares?
Doc and Andy off twitter were big pushers 4 this share
I do think this might end up for the best... Copper climbing to new highs latter this year.
The cash burn has been halved and they have some licences they don't want in Cyprus that may find a buyer.
I am thinking there maybe another deal bubbling away in the background.
CHF is main market so only able to raise 20% of Market cap per year.
At 1.50p.. x130m shares.. only £200k available... will be another way JV..etc...
This muddy end of the trading spectrum...**** or bust is where the money could well be earned...
No brainer from here... surely ..worth a load up and a punt...
Yep, not surprised that the SP is currently down over 14% as the next fund raise is going to be pretty brutal for LTHs....
Must also be runningow regarding cash position
Just took some in the 1.30s...we will see
Yep... I ****ed up loading here... Too late now....
Look at the number of shares .. The current SP... Martin French paid more for Adeline than the whole Market cap
not including the headway made in Cyprus.. The high grade gold system .
Poly Metal the 20% ish holder is moving its listing from London to Kazakhstan..
From a pure asset value contingency this is cheap... and with the copper at Labrador one of only 20 copper sediment basins in the world this is worth a punt.
Dare I say it.... Average down...
https://youtu.be/d1gYJDQXPOk
You just gotta laugh... :)
ATB
Sleeping giant is going into a deeper sleep.....
It seems so long ago now we weee up in double digits
News flow just keeps getting worse and worse! Need some positive news! I’m disappointed in the rns today and to be honest the results over the past year or so!
Pacton Gold Inc. ("PAC.V") ("Pacton") has advised Chesterfield Resources PLC that it has determined not to proceed with the purchase of the Adeline project on the terms announced on 19 October 2022, DISAPOINTING NEWS
Well put Reg.. I am invested... buying more at this price....
Glad Labrum has moved on ...should move up from here...
The Bod have handle on things...
News on the ipo soon.. Canada... Further news on Cyprus... Made great progress over there...
Mineralised rich Gold system to extend...
ATB
gwm its not on aim so should probably tighten up your research
polymetal came in at 8p. the price went to 15, then consistent decline to recent 1.4.
What unravelled at 15 16p
Polymetal will have had good reason to buy in and a huge company like that will have good advice.
Thankyou for the reasoning, yep seller cleared/rns, new management, 1 million deal going through, developent and efficiency likely improve,
So what is the possible value of the company if newsflow is good, and share price medium term. Is lt likely the newmanagement will hit the original projected figures of the poly days in time
yes Im invested, like the fact polymetal is in, not a lot £s though as its a small aim ompany. (For apositive, its the small aim companies that can sometimes make huge share price jumps.)
Tnankyou reg.
A reasoned post is much motre valuable
Nice one Reg. Saved me some time :)
Let me answer for you.
Yes the share has been on a downtrend so why the recent increase;
1) Seller cleared as per rns so reduced selling
2) new management team who will be keen to prove themselves and increase SP.
3) deal going through as per RNS so this will assist funding so hopefully no need to raise
4) main market so can only do a small raise if at all
5) asset development
Could it ten bag? Yes but hey let’s be more realistic and say 4p.
I have noted your posts are all negative. Are you invested here?
All of my reasons are facts as per rns”s unless they are telling porky pigs which would be really quite bad.
Let’s see what happens have a good day.
Pacton imminent
anklee
please explain your confidence.
The huge company poly bought in at way higher price couple years ago.. since then prce has trended down and down from 16 to 1.4. Not many shares 10 bag which this will have to just to get back to previous levels.
@gwm. Only understood about 30% of your post.
Meanwhile people selling need a head wobble. Currently 2.10 to buy anything in size.
Should tick up with any buys
Anklee, please explain your view. "what a day"
yesterday share price only increased by 2 percent. (Down from 10pc midday)
Poly bought in 2020/21 I think, was it 15 p or so then?
Since then price has steadily dropped to 1.4p, now 1.75
When the bottom reached and it turns round what are you expecting, why. I guess poly must be confident to have backed them.