Member Info for Daceon

@ MrC yep lol!!!! It's a great roundabout though :-)

Either Kiran and team will sign a deal that will make this a $100m + company with one swipe of a pen or they won't.

It could happen at any moment.

Why panic during a couple of bad market days made worse because traders are selling out for their 15%+?

Yes. We are close to a final outcome and shipping some stockpiled ore is neither here nor there - its the decisions being made that will allow that to happen which really matter.

It does seem to have been booked with another company that runs another local mine. It's complicated though as that mine hasn't produced for years. Even considering a generous stockpile the amounts being quoted would seem beyond that. There is the possibly that KDNC/DEV are using the other company to ship their stockpile. I would think this unlikely but surely KDNC would have informed us if something was not "imminent". If we continue to trust the RNSs from KDNC then we should expect signed credit agreements and shipment soon. So holding for an Rns seems the sensible thing.

As I understand it the shipment of ore to cover debt to local business is not specifically attached to us taking the 20%. I would hope that we are using the shipment as leverage to smooth final snags in the agreement and we get an rns covering both.

My thoughts exactly. Friday is seen as a poor day to release big news. The price is building. Why rush the release beyond what was prevuisly promised.

HAHA! That's really quite possible

Topped up.

Not easy to get a hold of shares today.
Is this our week? All the best with closing the deal Kiran and to all holders may we all sup from the cup of sweet success by Friday!

I really enjoy the jovial banter on here. I came to make a swift killing as a ****y new investor and have been hanging around slightly longer than I expected to. I can't think of any other board that has the sense of camaraderie that you folks seem to have developed. Your patient approach to investing will hopefully pay off soon (yes I think this should get close to the magic £1) and I will enjoy journeying there with you all :-)

Its good to see that the share price has recovered well after the 2nd 20% drop in a week.

The fundamentals here are so good and the rewards so lucrative that I think it's just a case of sitting back and giving it time to work through. It's in no-one's interests for the mine to do nothing.

It would be great if we could just close that deal but obviously there is a lot more to it than just shaking hands and starting the motors.

It's hard for the stomach opening these RNS's hoping for good news and it's always later or a placing or an appeal. Might be better to have some patience :-) A bank will give us 1% ish on our money. How much will this be worth in a year once all the shenanigans are finished?

Of course you are all correct. The fundamentals are great and every piece of news points to an ever closer company changing deal.

Patience is a virtue I am not wonderfully gifted with lol

I'm starting to understand why you LTH have such a light touch to the your chat. I've been in KDNC ever since the Alan Green tip on the UK Investor podcast. It sounded such a great opportunity. It still is! Which is the problem...

I think we all can imagine this hitting 50p when the machines start to spin up at Amapa. Hopefully even more so that all of your LTH get your investment back and more!

There seems to be no earthly reason why the deal won't get signed off now...
Everything is imminent...

And yet we get a placing and drop 20%.

Ho Hum!

Even so everything screams this is a bagger.

But probably another placing first lol Or maybe RNS later today!

Who knows :-)

As far as I can see here the fundamentals are excellent - an agreement reached at a good deal of cost and a well documented resource to be tapped. Sentiment may not be with us at the the moment but on further news it will move to where the profit is to be made. The best thing we can do is turn off our phones and stare out the window for a month. Impossible of course lol Thanks to all the LTH who post such useful info. I sincerely hope you get the ££££ you deserve.

Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining



10 July 2020

Chesterfield Resources Plc

Further drill intersections on the Evlim target



Chesterfield Resources plc is pleased to announce that following the re-commencement of percussion drilling at its Troodos West licence area, it has encountered two further signficant intersections of sulphide mineralisation at its Evlim target during step-out drilling.

The percussion holes were drilled to search for sulphides and final target definition prior to diamond drilling. At the first step-out hole sulphides were encountered from approximately 84 m to 123m, while at the second hole sulphides were encountered from approximately 120m to 150m. This follows 40m interestions of sulphides at a hole on Evlim announced on July 1, 2020. The two holes were stepped-out approximately 100m and 140m respectively to the west of the original hole.

Yes atb to all of you too.

It would seem that the relationships being fostered have turned into numerous opportunities worthy of strong financial support.

Apologies jimb, I can see how that could be misread.

What I meant was.. I hope that all of the LTH here get their investment back and more!) but that at least they would begin to make serious inroads into any losses in the near term as things really seem on the edge of big changes for the company.

I can see how that could come across as selfish. Not my intention.

Thanks for the detailed answers and that all makes good sense. Let's see what next week brings.

Thanks for asking Obs. I'm certainly watching the chat with interest. I guess I might ask these two tentative questions, knowing that any answers would be speculative:
1) at what stage do you think that KDNC will undergo a re-rate rather than a spike?
2) If the signing of the 20% would be that tipping point, how close are we to that stage and what might the new mkt cap be?

Thanks for asking!

Daceon

This is my first ever post although I have been keenly following this board since I bought in around 2 months. I was quite worried by the delay in the interview and no explanatory RNS but the sterling research that has been going on from you all has been so helpful and encouraging. I really do hope that this takes off, not only for myself but that you LTH Caddies get at least a partial return on your investment