Member Info for Yanis2005

GL needs to close the funding deal now, he has been working on it for a year already- He is from finance background after all.

If the deal doesn’t close and close soon the SP will crush

Current quotes (bid 0.9p - Ask 0.95p):

Buy 1,000,000 shares @ 0.9145p
Sell 1,000,000 shares @ 0.86p

I added another 50k at 10.14p. Way oversold and the drop is not justified.

Just a thought ... could the other projects be a way of enticing the funders and investors? Just saying to them ... look is not just SF, we have all these to come?

Scooping up 100k at a time, below bid but sales are been hoovered up now. We should be going back up.

Today’s results were indeed outstanding.

People misunderstood them because they are comparing these results with those from other miners and this not comparing apples for apples.

The CHF copper, zinc, gold and silver deposits are VMS deposits (VMS = Volcanogenic Massive Sulphides). VMS deposits occur in clusters and are of very high grade.

In Canadian commercial mining operations, while the average VMS deposit is only 5 mt, VMS accounts for 27% of Canada’s historically mined copper and 47% of its zinc.

The presentation on the CHF website is a good read:
https://www.chesterfieldresourcesplc.com/investors/presentation/

Good read on VMS deposits:
https://www.mining.com/web/everything-need-know-vms-deposits/
https://en.m.wikipedia.org/wiki/Volcanogenic_massive_sulfide_ore_deposit

The closing of the funding deal is slipping and is very annoying.

Will it close? Will it not?

Frustrating as it is, is bound to close at some point.

When? Who knows? But it must close.

If the deal is not closed, Angus is finished and where would that leave the Forest Nominees with their massive investment? I believe that this huge TR-1 holder is in the know.

It will at some point close and I hope this happens before the end of next month.

BV, yes, I just cannot understand why? They had quite a lot of time to do their due diligence. The conclusion of the funding and the drawdown seems to be moving back all the time.

Today’s RNS included outstanding drill results, yet some people seem to be disappointed. The sell-on-News brigade came out.

Today’s results were really good and indeed exceeded expectations. They are structural interpretation results (not final) and the drill holes intercepted copper, zinc, silver & gold in good quantities. A lot of other companies will be more than happy to intercept these results during drilling.

I topped up three times today and if it drops lower I will be adding more.

GF knows exactly how to generate market interest and improve, oops kill, market sentiment.

Haven’t as yet shown any gold from the main gold mine, which the market is waiting for news on ... and off he goes to expand the expedition. Is it really possible at this stage not to have, Greenland and assay results aside, other news on Glogau? Frustrating!

FlagStaffIR, thanks for that, some very very encouraging comments from Malcy:

Funding RNS: “ I’m not surprised to see that George Lucas is ‘very pleased’ with regard to this news about the loan funding, it is massively oversubscribed if anything like all these interested parties stay involved and he gets a potential funder for the geothermal projects as well as someone to provide hedging services. The share price has yet to realise that this is good pretty much whatever the terms” .....
The share price has yet to realise that this is good pretty much whatever the terms ...
this good pretty much whatever the terms!

Lidsey: “ The second announcement is also positive for the company, further, fully funded seismic work must have every chance of success from what I read into the Lidsey RNS”.

We are back in business.

Ocelot, this is good “ Thus the proposed GBP12 million Loan Facility has soft commitments and Mandate "best effort" commitments of approximately GBP20 million in aggregate.” -

£20m potential funding ... looks like it includes geo projects

https://investegate.co.uk/angus-energy-plc--angs-/rns/re-evaluation-of-lidsey-field---update/202102221203329095P/

CofE,

Your last paragraph is spot on!

Alba is way undervalued but the lag in sentiment is 100% down to Alba’s own marketing.

GF needs to wake up and give the market what it needs.

Is it right that Alba has been working in the mine for considerable amount of time (well over a year) and has not one piece of gold to show?

In the last webinar, just imagine where the sentiment would be if he showed us a piece of gold and said ... we found this ...

FFS, in the webinar he showed a piece of concentrate and said that it is from the old expeditions and they managed to get their hands on it ... just how different would have been if he said this piece of concentrate is ... you guessed it ... from the Pilot Plant.

Just hope for more press/media coverage, because is the only thing that will bring sentiment here. GLTA.

The annoying thing is that we hit the 52-week high at 1.55p and then the unexpected (puzzling) placings.

Highly likely now to get back down to 0.8/0.6p area if we don’t get funding news soon - infuriating.

Yes, good point Crocqman. They 90 day exclusivity period expires end of the month. Hopefully a funding RNS before that.

That is precisely the point Ocelot, they should inform us.

Since the extension of two or three weeks (for completion) is well passed, should we not have another RNS to inform us where we are?

In view of the previous RNS stating that the finance deal is expected to be completed within two or three weeks and they haven’t done so, Is Angus in line with AIM Regulations if they don’t clarify this prompto?

Looks like is the other way ... ASK is already at 1.05p pre-open!

@Elir, nicely put. Current SP is way undervalued based an assets alone.

With 2 MMs at 0.4p and 1MM at 0.41p ... I was offered to buy 1 mil at 0.4p (at the bid)

Now, I can buy
5 mil at 0.397p, or
10 mil at 0.41p

IMO - Warrants, is not shareholders selling.
IMO - DYOR