Member Info for Yanis2005

Hi Shrews,

It started, but remember COVID - restrictions are still in force.

https://twitter.com/chesterfieldplc/status/1370272983718244352?s=21

https://twitter.com/chesterfieldplc/status/1371724443349835776?s=21

There are 9 working days left before the AGM. I doubt it if funding will close by then. As I said earlier, this funding saga looks and feels exactly like the events leading up to the Brockham disaster. I am expecting failure. I think we are going to be told some more pies in the sky and more due diligence.

This SF funding saga is so similar to the events leading up to Brockham disaster... feels like history repeating itself!

Gkb, if that is the case HSBC would have sold at a loss, but as you said, without the TR-1s we don’t know.

Hard to believe though that HSBC would do that though. We could put in an Investor question to clarify that but at this stage personally I am not bothered as I will reevaluate my options in April. I cannot let this frustration run in to perpetuity!

Relax guys ... only 3.5 million shares traded.

There is a very strong support at 0.31p - 4 MMs sitting there. The market is waiting for news to attract new buyers ... and make existing followers that sold buy back in again.

There is massive support at 0.30/0.31p - and IMO this level is not a sell level ... is a buy in / add level.

Patience and good luck. Hopefully an RNS that talks about gold as well as quartz veins comes next.

Another 2,000,000 at 0.75p ... hopefully the last.

The fact that HSBC sold out is bad, but not as bad as selling with a loss.

I think they got out with some gain, using gkb’s assumption in a thread below which is reasonable:

HSBC had roughly 54 million shares, 40 million bought at 0.60p and 14 million at 0.90p. Looking at the trades, they sold the majority of shares at 0.75p, quite a few above 0.75p and not so many below 0.75p - I think is a reasonable guess to assume that all went at 0.75p.

40 million bought at 0.60p and sold at 0.75p give a profit of £60,000
14 million bought at 0.90p and sold at 0.75p give a loss of £21,.000

Net profit about £39,000.

We do know that HSBC does that ... buying and then selling shares in various companies. What matters in my opinion is to now see what Forest Nominees do with their shares after the end of March - end of 45 day exclusivity period and closing of the funding deal, I think we can exclude the few days to 5th of April as they are all bank holidays/weekend.

9,250,000 trade at 0.70p .... HSBC must be out.

Some buys coming in ... bid back up to 0.75p - 2 MMs

Gallifreyan, I see your question is now up.

James, try reposting those questions in a polite, not so aggressive manner (I know is difficult). I would rephrase the last question to: why the Directors consider it necessary to get a pay rise now when the company is not having cash flow. Directors of other companies in similar circumstances are getting a pay cut and some are getting a big proportion of their salaries in shares. Or something similar.

To get a pay rise now is disgraceful, is adding insult o injury ... literally.

Next month should be a lot more interesting as we will have the Clogau assay results and Greenland update. Greenland opens up on April 18th.

Oops ... wrong board!

These drops are definitely not “boring” - they are annoying, frustrating ... infuriating. And is not just dropping for no reason ... there is a very big, very important reason ...

The failure to close the funding deal and HSBC bailing out.

All down to GL.

The rest of the HSBC shares which in my opinion are being sold at a loss.

... and here it comes! Bid now at 0.70p ...

Down to 2 MMs left at 0.75p and up to 2 MMs at 0.80p!

Wake up GL and close the funding deal!

Gauged the market and looks like there are still a lot of shares available for sale. Looks like HSBC hasn’t finished yet.

With the bid/ask at 0.75/0.80

Sell 2,000,000 @ 0.67p (below bid)
Buy 2,000,000 @ 0.775p (midpoint of bid/ask)

Gallifreyan that is a very simple and sensible question and there is no reason at all to avoid it. How about trying to submit it again.

The 45 exclusivity period may be expiring on the 5th April, but IMO if the funding deal is going to (ever) close, is going to close this month prior to the AGM.

If it doesn’t, then is very likely game over for me as I don’t believe that it will happen after that. April I will be evaluating my option of taking a massive hit and walking away. This whole affair with Angus has been heartbreaking, frustrating, annoying, infuriating ... very very upsetting!

Wideisland, apologies, I did not call you weird island - autospeller!.

Weird island, 6 posts. Are you a reincarnation? Or a newbie?

Have you any idea what kind of a loss I have to realise if I sell now? £56k and it gets worse as the SP drops! So keep your slurs away!