Herencia Resources Share Discussion Threads

[steeplejack] 01/4/2017 09:57

Good that the company got the RNS out before April Fools Day.Looks like Lind and Darius will be throwing good money after bad and ,in effect,taking over the ragbag that is Herencia after years of mismanagement.I reckon that Lind is between a rock and a hard place.If it lets Herencia go under,it will have to write off its investment,better to keep the dog alive on a drip feed.Not an investment prospect that appeals to me but as they say,every dog has his day.Holders better hope for a rocketing copper price to encourage those potential new institutional investors.

[steeplejack] 01/4/2017 09:46

Possible Fundraising and Working Capital PositionThe new Directors are working with existing and new shareholders to secure additional capital for the Company. It is intended that the longer term major shareholders, Lind Partners and Oriental Darius will provide additional funding, demonstrating their belief in the Herencia asset base in Chile. This funding is expected to be concluded in the coming weeks.The Company confirms that due to conservative cash conservation, its working capital position remains satisfactory until approximately mid-April 2017 however, if the larger funding package referenced above is not advanced, and if no further source of funds can be found, it is unlikely that the Company will be able to continue to trade after this time.

[philgyuk] 31/3/2017 17:40

The new Board appointees have impressive CVs. Why would they bother with HER if they thought it was going to collapse? Bodes well for more funding IMHO.

[martyn9] 31/3/2017 14:51

Record lol!!! just as they thought about the last set of crooks.

[recordz] 31/3/2017 14:49

Looks like the funders want people involved who have proven they can get this type of project going.

[ny boy] 31/3/2017 14:36

They will rocket , at least we know, whilst not confirmed, it's a little bit more likely they will get the long term funding to concentrate on the lucrative open mine project. I'd say 70% likely now, especially with the board changes.

In this case, it's too cheap now, buyers see this.

[miahkaysor] 31/3/2017 14:32

Buyers flooding in.........I'm one of them!

[cudmore] 31/3/2017 14:21

Board changes means something is happening imho. These could rocket on imminent positive news

[ny boy] 31/3/2017 14:20

All good here, buyers flooding in again.

[ny boy] 31/3/2017 14:13

Buy this dip!

[colin12345678] 31/3/2017 14:12

i think the MMs have been caught with their panties around their ankles lol bless em shake it baby

[ny boy] 31/3/2017 14:08

Exactly, the funding provider will have insisted on this

[colin12345678] 31/3/2017 14:08

nope they have been saved who comes on a board of a failing business only to be sacked 3 weeks later

[darrenward] 31/3/2017 14:02

Don't suppose they would have appointed a new board if a deal wasn't likely.

[ny boy] 31/3/2017 13:30

Sloan has left the building...rejoice!

-- Herencia is discussing potential funding in the near term to support the Company's activities.

-- New Board members intend to reinvigorate the Chilean exploration program with its focus on the Picachos /Pastizal tenements and manage the immediate creditors.

-- As part of the Board structure, John Russell and Managing Director, Mr Graeme Sloan will retire from the Board with immediate effect.

-- It is intended that Mr Peter Reeve will assume the role of Chairman shortly.
-- Performance based incentive plan for Mr Peter Reeve and Mr Jeffrey Williams will be proposed shortly.

[ny boy] 31/3/2017 13:15

Looking good, doubt they would make important changes and release a detailed rns if they weren't sure long term funding was coming through. All bodes well for a 200%+ rise over the next few weeks.

[sm9] 31/3/2017 10:47

Yes soon enough....im looking forward to funding news and drilling news...lovely!

[ny boy] 31/3/2017 10:19

We will find out soon!

[philgyuk] 30/3/2017 17:49

The market cap today is £5.9 million. Over the past 5 years the maximum value of HER in assets has been around £18 million. Even with good funding news, could the current share price really multiply by more than 3x ?

[ny boy] 30/3/2017 14:53

Volumes picking up, unsurprising with time running out.

[ny boy] 30/3/2017 14:25

Strong close, short term sellers have finished their tiny returns, the potentially Super gains lie ahead GLA

[ny boy] 30/3/2017 13:30

Usual, all pile in on the news, happens so many times

[fx_wizard] 30/3/2017 11:20

don't have the volume without news. lots on the side lines.

[ny boy] 30/3/2017 10:35

Some of these buys are showing as sells, usual MM tricks, this is going up, looking for 200% by close on Friday, way too cheap if the long term funding goes through.