BTW while trying to find info on Chester one of my google search came up with a reference to TOM Exploration which was a reent emplorer of CD.
and also a previous owner/explorer of TPW if I correctly recall
My take on the Chester affair is, as expressed before, that it is not a lot of money (50,000 each of 3 years) and a bunch of dilutions (also spread over 3 years. IMO we do not have all the info of the why's and wherefore's. I can see the importance of capital preservation, or at least put the cash to work where one knows what it will likely return. However, it is not a lot of cash, if any one of a number of "extra" but significant factors unknown to me exist and are taken as part of the consideration.