Herencia Resources Share Discussion Threads

[stockready] 13/3/2015 12:10

Corb my good mate,
please pass the above to others, it is very important the above on the main page gets corrected

many thanks

[stockready] 13/3/2015 12:02

someone please tell this foolish dummy to correct the above info on company official website,

I feel sick seeing it

thanks

[stockready] 13/3/2015 11:55

Thanks Corb, I reply fully to you later, but let me add this:

if you have a AIM registered company, you have a legal OBLIGATION to provide the current , accurate information to your investors.

HER is misleading investors with above OLD info, and legally can be prosecuted,

the above paragraph can mislead potential investors,

GS is legally bound you make sure the information is accurate and current, if he can't do such a simple task, do you seriously expect this guy to deliver Picachos?????? lol


I advice Chap,(GS pen pall) to remind this guy of potential legal implications if he doesn't update this page immediately!

lucky for this guy I picked it up, Oz left months ago! why this is not UPDATED?????????????????????????????????


Chap, please pick up the phone and tell this guy to sort it and then resign and go.

ridicules the company website is feeding us wrong info, I feel sick to my stomach seeing that!

honestly

[stockready] 13/3/2015 11:45

see it for yourself, the above information is INCORRECT

[stockready] 13/3/2015 11:44

PLEASE look at the home page (first front page) and tell me if this information is correct:???

At its Guamanga Project (copper-gold), Herencia has signed a term sheet with OZ Minerals, one of Australia's leading copper miners, with a view to jointly advancing this project. OZ has recently advised that they propose to expand the footprint of the Guamanga project area due to the significant potential they see at Guamanga




...........................................................


OZ has recently advised that they propose to expand the footprint of the Guamanga project area due to the significant potential they see at Guamanga


really?

Oz is now left, how on earth such a old paragraph let to stay on the main page????

WHO IS RESPONSIBLE?

please correct me if I am wrong

thanks

[corbine] 13/3/2015 11:44

stockers
re herencia website
i agree
its very much in need of a fresh update and overhaul to bring everything up to date.
:-`0
did u hear that -I AGREE!!
:-)

[corbine] 13/3/2015 11:42

stockers-moaning-i mean morning :-)
i disagree with what you say- nyrstar are still invested, the additional placings werent added to with nyrstar as soon as paguanta went to back burner-nyrstar had the chance to seel once the dilution came with lind and more since- at no time did they walk- all majors have told gs they are staying when he tried to find out who had been selling. note also nyrstar were running a thing called project lean for a couple of years until recently saving costs on all sectors, as well as their recently acquired mining operations over past few years which as you know was a new direction for nyrstar since 2010.
Nyrstar have received their ores/metals etc from most of the small mines they have been acquiring globally, however some have had to have care n maintenance, others large investment to improve infrastructure, some of the mines have had local strike/union issues too-currently the mexican op has problems.
nyrstar are currently finished with project lean for now.
if and wehn paguanta does indeed come back to the fore i expect nyrstar to then move forward with previous intentions, or startegically of help with herencia-if the paguanta was never to move forward then obviously nyrstar would wash themselves of their holding...unless nyrstar could play a part in picasso as nyrstar deal with both the silver and the copper at picasso-so maybe a way forward with nyrstar would be bring them into picasso through jimmy lim?.
if nyrstar were going to walk stockers they would have done so the moment paguanta went to rip van winkle mode/care/maintenance etc
nothing is messed up with picasso at this time stockers imo the timeline still stands and that time is coming very soon.
you may well be proven right-its your choice to moan about the past, but the current is looking far better than it was before picassos.
lets wait and see how picasso expands over coming 12 months before you keep sticking a pick axe into gs head and pushing him away in a wheelbarrow.
he deserves more credit than your giving him
we agree to disagree stockers eh?
gl with emed hope your income stream starts in earnest there without problems moving forward.
corbs jmo-imo :-)

[stockready] 12/3/2015 17:57

with this amount of delays and incompetency, it is truly a miracle how the share price is still holding at this level.!!!! I am amazed how!

but sadly with this relax and rather foolish approach we soon be heading down....

time is ticking for all of us shareholders, and to me GS doesn't care as long as he can hold on to that chair, and keep posting his BS RNS's and MORE DRILLINGS plans....

with no news on finance, feso, Jorc, economic analysis, etc... this company is sadly in the verge of being integrated apart! and GS is directly responsible IMHO
GLA

[stockready] 12/3/2015 15:03

this is a man who is not taking responsibility for his so many failed attempt, and this is a big problem here,

why does he allow to run this show considering the past poor performances?

please someone answer me that?

why should decent shareholders put up with this utter nonsense and take on the losses?, and why no one including shining capital doing anything to stop this madness?

is Jimmy just going to sit aside and watch this failure or is he going to do something about it?

I like to think the latter

[stockready] 12/3/2015 14:55

EVERY single investor should be writing to the company and complaining about the progress, asking:

how the key objectives will be achieves here? by when exactly?
why feso has been delayed?
why nothing had been done about Picachos much earlier last year?
Why time wasted on Patagu, with no clear value being added?
How long the company can go on like this, missing key deadlines and therefore more costs being added with little progress?
how about licences?
how about local PR?
why we needed over 5-6 RNS's over simple results which is not even a full Jorc?
how on hell GS is going to achieve open pit which he has none of the above YET?

how do we know at all if this project is economically viable? if we don't know the answer, why open pit had been promised by GS, ? on the basis of what exactly?


WHEN GS is going to be resign ?

when do we get a clear answers to above?

[stockready] 12/3/2015 14:37

for HOW LONG decent shareholder should be treated like this corb?

why GS has no regards for loyal share holders here, and still treating us like we are bunch of stupid moran that have to listen to any BS he throw at us?

over 6 RNS during Dec AND JANUARY, over the same or similar subject telling us the same BS story! why?

did he really needed to issue so many RNS over the results which could have been summarised over maximum 2 RNS!!?

why did he do that Corb?

is he truly running of news, and he think these BS RNS would keep his job?

till we get a good feso, good finance terms, and make sure there is going to be no dilution here we are in big danger on the hands of GS,

he is going to drive us to the wall if shining capital don't stop him right now!

don't believe me,? Ok wait and see, and I honestly hope I am wrong here, but done enough search to understand the core of the problem here, and there are many I admit but the big chunk of it sadly is GS, and he doesn't even know it himself.

IMHO

[stockready] 12/3/2015 14:26

CORRECTION:
I MEANT:

Shining Capital

NOT

Share Capital

[stockready] 12/3/2015 14:16

Corbin
sure mate,

but my view is we know far sooner than have to waiting for the whole year...

to manage the expectations, design, delivery for open pit simple complexity (as you mentioned) , it means GS should have the full finance and feso in place by latest END OF APRIL THIS YEAR, and Corb please accept that we are not even in the position to drag this beyond May, (as per-usual GS style for delays)

no project manager in the whole planet would be able to deliver open pit of even the most simplest design with the Picachos requirements that I am aware of by the year end if we don't have finance in place by end of April latest.

basically corb if we try to be realistic about the time management (something which GS doesn't have a clue of) we don't need to wait the whole year to know the faith of Picachos, only maximum 2 months and if the above key objectives (finance, feso, economic analysis) don't come then forget about this year production.

I have not even mentioned others requirements like: licences, local PR, logistics, contractors, full tolls agreement, all of these are under estimated by GS in his time line plans, funny part is I can't see he is doing anything to promote the other areas mentioned above, and if he is doing it, then he needs to give us full details,

for example no mention of licences so far, why?
does he think that is going to be easy give away? really? on what basis?

this is what I mean by laid back approach and poor management by GS, and share capital brought in Jimmy in to give this guy a proper wake up call, and I hope that works, but they leave that too late corb, IMHO

Jimmy wouldn't be able to clear this mess, damage is deep IMHO


only good finance, no dilution, and good feso report will save us, otherwise end of what could have be a great company IMHO

all above IMHO
GL

[corbine] 12/3/2015 12:08

well stockers- we shall find out this year if picasso gets to production or not!!
gl with emed
:-)

[stockready] 12/3/2015 11:17

best regards Corb

you are the best

[stockready] 12/3/2015 11:06

my saint mate Corb,

thanks once again for your kind reply, and some very good info/views you included.
I am sure corb you are familiar with mining and infrastructure needed even for the simple open pit! and you are making it like as easy as putting everything on wheel barrow and shift it down the hill to the toll processing plant which that itself is not yet confirmed to happen as no price has been negotiated as such and only some watery proposal made on the paper.
If the open pit as simple as you described, then why we need finance? putting the procedures, safety, machinery, even simple means of route and digging areas, recruiting, water, sanitations, local PR, all of these need a precise and rather accurate planning, design and management which sadly (and I mean sadly) GS doesn't have a clue how to deliver knowing his past performances, Corb even simple open pit needs loads of planning and management and that is if financed fully, which we don't even seem to have that.

Jimmy has been brought in not by GS but by SHARE CAPITAL who have recognise the failure of GS and his rather amateurish approach to this mine. Share Capital wanted someone like Jimmy on board to protect their stake here and watch over GS while he still running this circus, ultimately I see Jimmy to be replacing GS, and I truly hope that happens sooner than later....

Corb, I love to be optimistic here but Jorc/feso which meant to come last month yet again being delayed, time wasted and we have no finance and will not have any finance if we don't have feso/Jorc and also economic analysis, the local PR has been very poor, nothing done in the front and soon that comes to haunt GS and BOD and they don't have a clue how such a issue can delay (or stop) projects, and I can see that coming...

we are in a very sensitive times and I hope you acknowledge that, because every single delays means costs, means damage, means loss of values...GS wouldn't be able to deliver open pit in 9 months, that simply wouldn't happen in my honest opinion, as long as GS is in charge we will suffer Corb, and share capital just wants to find a polite way of get ride of GS.

we can not see this through with this level of laid back approach, and mismanagement !

Lind deal was a big mistake and there is no way about it other than accepting it was incompetence and sadly rather ignorance of MD signing such a ridicules deal, which had done a huge damage to your investment , my investment and surely many others loyal decent HER share holders here.....

we are sitting at 0.22p and soon dilution happens even with finance in place I believe they would have to do partial dilution to raise the money, then what? we are going to see 0.1p?

lets just hope and pray Jorc/feso prove to be something outstanding as with average Jorc we will not attract big players here..

You know so well I said I give GS a chance till October last year, and till that point I said nothing apart from expressing my views, but seeing he failed the Patagu, failed to keep Oz involved, delaying Picachos, I had enough of this rather incompetent and relax MD who is doing a great damage to this company beyond repairs.

Corb, loyalty is great things, but protecting your investment is also another facts which you got to consider great care and absolute no sense of being emotional about it, I identify ONE OF the core of the problem here is GS, and we would have not be in this worse position if he was resigned after so called termination of Lind deal back in 2013.

that was the time for him to move,

also who said we didn't have a choice investor? that was at the time metal specially copper was thriving people would have begged to give us money, (under strong management of course) but GS chose those crooks who simply gave him some money and took a huge equity out of this company, do you seriously think they care about me and you? no they are here to screw us all, and partly they did, and thanks to GS to allow them do that so nicely,

we should give a medal of honour to GS for his achievements here and specially this Bird in Hand which will lay egg in 3 years time! wow,



I still think we might have something very special in Picachos, I said that a yeas ago when GS was still looking for zinc, however I truly hope GS doesn't mess it all up for all us, I hope Jimmy be there to stop him, my feeling is behind the scene Jimmy should be running this company not GS,


he truly ruined this company Corb, and I know it is hard to accept it, but if you slightly look back you will see why, and I highlighted that over 10's if not 100's of posts here and in LSE.

we have little options Corb, money soon be running out, and we need proper move in Picachos, these delays are not acceptable by end of April if we don't have finance in place we may potentially be dead in water!

yes, I do very much care about time, and missed deadline, I am an engineer by education and fully understand the consequences of mismanagement and how horrifying thing can turn out when key deadlines are missed...also I fully appreciate the technical aspect and sadly incapability of GS to understand those and rather so much under estimated the task ahead...

like many of those ridicules deadline date he gave us for Patagu and at the end blamed the market and closed that project (for now)

everyone invested here should be writing to company and BOD and question the above, delays, mismanagements, and certainly poor PR here.

GS can't even sell a good story , how is going to achieve finance?

thanks corb for you always kind patient and reply, but I just want us to be back above 1p at least... we are currently in deep deep mud, and takes a lots of talent , managements, expertise, funding, support to take us out and GS is not the man for it Corb, believe me that.

[corbine] 11/3/2015 16:52

if you read the rns correctly stockers lind are staying for the higher price above 1p
gs has turned the situation positive since the lind deal and i disagree with your comments re picasso
its a simple mining start- stripping from surface-trucked to toll treatment- none of the usual heavy expenses associated with open pit on initial mining projection, that includes water and electricity.
you mite find current miners are brushing the surface and probably already have permits in place up to 5,000 tonnes per month, above this gs will be applying for larger permits, as picasso opens during first phase mining (assuming picasso will) then the pit can open along strike and at depth and in time other parts of mining plan will be introduced (with more drilling for locating the continuation of best parts of orebody) then i expect production to increase further.
this does not include the other 5 targets within the tenement area, which we know to date are mineralised, to what degree further drilling and work can do this over time, AFTER herencia has income streaming from the first open pit.
jimmy lim will probably play an active role with gs and bod for financing matters and a whole lot more- remember he didnt just invest to see £3million per year from picasso and to get his money back, he would be there for a much larger project with much larger rewards for himself (his company etc)
will they mine picasso circa year end? no reason at this time to think not? will they be mining multiples of first monthly ore the following year or 2 i expect so-without diluting as income stream will support the model and maybe some jimmy lim influence on funding the way foreward without diluting.
all in good time and well find out over coming months if you have been BARKING up the wrong tree and pi$$ing in the wind. or if indeed stockers you have been correct all along.
we cant judge the future precisely but im here to see it through and still remain positive regardless of the mcap/sp and whats gone in the past.
regardless there have been many good rns over past 6 years with lind and one or 2 others that dissapointed , although lind was neccesary at that time?
regards
corbs:-)

[stockready] 11/3/2015 11:35

is it truly not the time to re-visit the past and ask question about Lind deal?

a deal which up until today is damaging this company!

does GS think he truly got away with that, and he acted like he saved this company after termination which itself is questionable!

GS is responsible for that deal and many mistake made here, so is it truly not the time for him to come and answer question here!
??


we need to know how on earth he signed such a stupid deal, and made it look he delivered a great finance to us, and few months after he hand over large equity option to Lind on termination!!??

WHY?

to date he has not answer that, this is the time !

ask this question from BOD, and chairman,

ask Jimmy, he wasn't there at the time, but lets see what he would say rather than saying only someone with no knowledge of finance would sign such a document, and GS did!

and you know what happen after...

Lind screwed us times and times again, over that stupid deal!

so with that track record GS want to achieve yet another finance deal here!!???
HOW?

shouldn't he resign and just go?

[stockready] 11/3/2015 10:51

does anyone know how long we have money to keep going regardless of open pit?
if my calculation is correct we have less than 3-4 months to survive this is not spending any money on open pit, but only keep the company going as it is!

so if that is the case, how on earth GS going to save this company? how can he possibility secure a fund with such a weakness, ? they would tear this company and its asset apart for loan, like what Lind did, I just hope this time around Jimmy save GS out of any bad finance deal,

there is no point to have finance if the terms and conditions, or O/T agreement is not good or benefit the shareholders.

Soon the money will dry out with this rate GS is burning it, and then he will come and blame the market being slow, that is why he couldn't achieve a finance...!

you don't believe me , just wait for it...


he has achieved nothing but delays after delays...

only 9 months left (Maximum) to deliver open pit, this is while he still have no feaso, no Jorc, no finance, no plan, no structure, no money, no licence, no nothing....

but loads of so excellent RNS's which tell us nothing of how the money flows here,

if we have BIRD IN HAND, so many great asset and excellent management,

THEN WHY THE SHARE PRICE IS AT 0.22p ??????

can someone answer me then?

also what will happen when April comes and we have no Jorc and NO FINANCE?

should we sit relax and think all be sorted, ? GS will look after things for us, like he has done so in the past few years?

come on people, don't let that happen, if we delays beyond April people should be asking a serious questions from GS, and his rather laid back approach strategy !

beyond April we will be in grave danger, and if you ask me, there is no way GS or Jimmy be able to deliver finance by APRIL or even end of April, because they have no FESO, NO JORC, nothing in fact not even any explanation of why this JORC has been delayed???

[the count of monte_cristo] 11/3/2015 08:45

Anyone got an idea what the upcoming news flow might be?

[stockready] 11/3/2015 00:17

have respect for yourself and your investment and please don't take BS from anyone....

specially GS....

He seems to me struggling with JORC in Picachos and I am so looking forward to see BS he would be spouting out soon....

yes another bird in hand is coming....

and share price still at 0.2p!!!!!!!!!!!


!

[stockready] 11/3/2015 00:11

yes of course the great achievement have been BIRD IN HAND
which will lay egg for us in 3 years time...
my question is, GS doen't even garantee that HER will survive in 6 months time....
of course there is always dilutin option and drilling option to buy time.... but FOR HOW LONG?

AT WHAT COSTS?

I fully appreciate this is a exploration company, needs to invest, needs time, need drilling and asset upgrade, needs to go tbrough certain phases with right management... etc

but haven't we seen enough of the above and yet again we have got NOTHING?

Haven't we failed to achieve a crucial finance/loan/off take when it was most mattered? and the only loan we did was Lind with disastor results....

so knowning above don't we have a righta to at least question GS and his BS so called strategy? when isnhe going to wake up?

for how long we need to put up with nonsense?

why?

don't we deserve better????