The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
6 pm
Will post a link when it’s finished and available
Yes, well in that case, its interesting that Poly are not taking Cyprus off their hands either. It's maybe worth giving Power Metals a call, because they will buy anything that can be ramped, no matter where it is in the world.
Wolf you answered yourself for Labrador, it's just far too remote and POLYs pockets are not deep enough.
Cyprus would be much much easier to explore - a small island, warm climate, and established infrastructure throughout.
Poly has expressed they want to move away from shady jurisdictions such as Rus and Kaz. This could be the perfect play. Assuming they wouldn't of signed up if they didn't think something is there. We are on a VMS, just need money to drill $10mil would be a very decent start but nothing CHF could afford. A 30/70 JV with a free carry would be a dream!
I thought the interview was refreshing , new start new impetuous, I have decided to average down at these prices .
Assets will eventually get me back in the blue .. atb
IMO, that was a painful and sombre listen. Sounds very much like total and abject failure of the existing strategy. Basically, they looked far and wide and ended up buying a Canadian asset, that they now realise is too expensive for them to explore, and too remote. Where was the due diligence beforehand? Then they tried to promote it in the US/Canada, with a view to a TSX listing and premium raise, and that has also seemingly failed. But no explanation has been given as to what exactly happened with their recent efforts in the US/Canada, and why they have pulled the TSX listing, when previously they were so bullish about it?
So, now, back to square one, and looking for a major company to come to the rescue. What makes them so confident of landing a deal, when they have failed to land one to date?
And if they are looking for a major, they already have one in Poly? Why aren't Poly interested in Labrador? Also, they didn't answer the interviewer's question about when/whether Poly can sell their shares?
Overall, really not good at all. All imo and DYOR.
“…the largest holder of mineral rights in Cyprus is now much more focused on the strongest targets with the practical and intellectual assistance of major shareholder, FTSE 100 gold explorer Polymetal..”
https://total-market-solutions.com/2022/08/chesterfield-resources-plc-august-2022/
Sorry I meant TSX listing, not ASX!!!
BCB - not sure a pending JV is consistent with the CEO leaving? It would likely derail talks. It's more likely that they have run into a dead end after the ASX listing plan has gone south, and they now need to come up with a new strategy. That's going to take months, and in the meantime, no one does silence better than CHF.
Me thinks a JV @ Labrador
And maybe the same @ Cyprus
Just a hunch
Atb
I agree BCB re the impact of Russia and maybe that did put a spanner in the works, but it's also pretty clear that from now, until they get some funding secured, there's no newsflow to look forward to here, and that's not going to be good for the share price. IMO
Come on Legal...Poly Metal and the Putin Sanctions put a stick in the spokes....
Duel listing had to be pout on hold.....its not the right time....
The assets will do the talking eventually...no doubt its cheap ATM..with a compelling upside from here eventually
Just got to run with this now but pretty sure the next 24 months will be better...back up to 12p I hope...
ATB
The company has totally failed to achieve any of its stated objectives for this year. By now, we should have had the dual listing, premium raise, and looking forward to a maiden drilling programme at Labrador. Instead, the head person has 'left', and we seem a million miles away from any exploration at Labrador. IMO, no money = no exploration = no newsflow = nothing to sustain the share price = share price drip?
Unfortunately I'd rather wait until the funding situation becomes a little more clear, £700k they last raised not going to last that long
May well be Poly Metal interested...wanting to divest Russian interests..
We will see ...very positive
Glad Martin has stepped aside.. never gelled with his bumbling presentations.
Assets will do the talking....
Just the news i was hoping for..
ATB
I'm not sure BCB - looks to me that the company are going to 'shut up shop' for a while, until they find a strategic partner to do the heavy financial lifting at Adeline. Sounds to me like they clearly don't have the budget to do any exploration work in the meantime. If Canada is now the focus, where will that leave Cyprus?
Also, does anybody know how long Polymetal have left before they can sell their stake here? That might be relevant to any JV deal as well? Can't find the info in the RNS.
Given the departure of Martin.
Lets hope the assets do the talking....Copper Canada.. Gold Cyprus...
Deal maker...experienced and 50% less Corporate costs...
Exactly what CHF need....
ATB
"The Company has been pursuing secondary listings on the Toronto Stock Exchange Venture, Frankfurt, and the OTC markets. In anticipation of its strategy towards its Canadian assets, the Board has determined that the time and resources required for a secondary listing are currently not prudent."
Something has clearly gone wrong here, as previously we were led to believe that the whole Labrador strategy depended on the Canadian listing and raising at a premium in Canada. They need to let the market know what plan B is, if they have one. Not good at all.
Yep....thanks Martin, for all your hard work on reducing my investment by two thirds...!
Jesus...bet he left with golden hand shake also...
A few buys starting to come in at these levels. Lack of news isn’t helping but I don’t mind if things are happening behind the scenes. I’m holding for the long term and always have been. GLA
The board aims to improve its communication to shareholders - ha ha - they want more money $$$$$
https://uk.advfn.com/stock-market/london/chesterfield-resources-CHF/share-news/Chesterfield-Resources-PLC-Strategy-Update-and-Boa/88761198
Also see RNS Aug.4th
I'm rolling in losses on this one.
Paul Ensor in the hot chair
https://www.marketwatch.com/story/chesterfield-resources-executive-chairman-martin-french-resigns-appoints-paul-ensor-271659629315
welp, no listing now
When can we expect a RNS update from the company. Where exactly are they with the listing in Canada and with funding/planning the maiden drilling programme at Labrador?
Waiting for the mother load of copper & gold.
No news expected before October so a small holding is shelved for the time being.
This is a this year or next year stock. I'm down 60% on this one & will cautiously hold & buy to average down so my downside is 5%.
“…When war broke out it was gold that surged, not bitcoin, which has lost a third of its value in the past six months. This year’s events indicate that rather than moving independently bitcoin tends to behave somewhat like a speculative tech stock…”
One way to invest in Gold is to simply buy the physical. Another way, of course, is to invest in gold miners directly, which – if chosen wisely – can offer premium returns above the gold price, through dividends and more rapid appreciation than the product they sell. Here are a few small cap gold miners worth checking out:
https://total-market-solutions.com/2022/07/the-enduring-value-of-gold-small-cap-gold-miners-to-watch/