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Chesterfield Resources – Canada SPOOOOOOOOOOOOOOOOOOF sale: bailout placing for Christmas vicar?

By Tom Winnifrith | Wednesday 19 October 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Oh dear, oh dear. Some folks paid 2.6p for Chesterfield (CHF) first thing when news of the “sale” of its Canada assets was announced. But it’s a big fat Canadian spoof and the shares have retreated as even the morons picked up on this and are now 2p-2.3p. And when the deeply discounted bailout placing is served up for Christmas those buying at 2.6p. Ouch. I hope they lubed up. So this is why this is a spoof.

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Rumours of two placings FWIW