Herencia Resources Share Discussion Threads

[martyn9] 23/4/2015 12:22

The sooner the better they release rns to MAYBE stop the rot.

[nevik2] 22/4/2015 18:54

Another reply, "still very much in the game, just an awful market to work in..."

[nevik2] 22/4/2015 16:28

I've just asked another question hoping I might get to read between the lines if I get a reply

[jarnold231] 22/4/2015 16:11

I got one too - same line - update soon waiting on further info

[nevik2] 22/4/2015 16:03

I have a reply. It was a question he couldn't really answer. Where is the feaso, I just wanted to let him know we are out here.
Update soon (whatever that is) awaiting information.
So he is about.

[martyn9] 22/4/2015 15:31

Way down the pecking order i should imagine,but somethings better than nowt!! or wait until it goes into recievership which imho is looking imminent.

[nevik2] 22/4/2015 14:33

Where exactly on the list do you think the pi would be in getting money from a break up of assets?. Anyone that wants could have it now it's cheap enough.

[martyn9] 22/4/2015 13:32

The way this company is performing a complete break up might be our get out of jail card!!any profit acquired from that option would suit me.

[steeplejack] 22/4/2015 12:20

Well,looking on the bright side,the sale of Serena confirms that the company has a break up value........So,I wouldn't be a seller at this price despite the fact that we have a NOMAD representative who is conveniently on holiday along with an uncommunicative CEO who refuses to answer emails. Anyway,couldn't sell even if I wanted,bid now in only 250/- and offer remains in 2m.

[martyn9] 22/4/2015 09:50

Dispicable how we are not being kept upto events by GS, get a bloody grip fella.

[nevik2] 22/4/2015 05:51

One spike in the share price and he can wave goodbye to this moaning pomme. Most shares have a a good day. But not this one,

[steeplejack] 21/4/2015 10:44

On quote and deal,the bid is for 750/- at 0.20 with 2 million offered at .21p

Doesn't suggest that there's anything untoward lurking in the wings other than disinterest.No dealings so far today.

I guess I'm not alone in wondering why I spend a disproportionate amount of time monitoring this stock.The amount of money I have in this stock is now a tiny fraction of my total equity assets.

I suppose the fascination lies in the fact that this ranks as one of the worst investments I've made in 40 years!

[jarnold231] 21/4/2015 10:13

WH Ireland person is away on holiday until next Monday.

[jarnold231] 21/4/2015 10:06

Has anyone tried to speak to WH Ireland or Ambrian?

[steeplejack] 21/4/2015 09:15

Perhaps.As mentioned before,I'm very conscious of the fact that Medusa delisted from the UK market last year to concentrate on its Australian listing et al.Medusa was always very much an Aussie company first and foremost,so abandoning a UK listing wasn't a radical change of corporate policy.Bloody irritating because,in practise,UK holders were obliged to crystallise capital losses ,despite all the rubbish about potentially converting UK holdings to Aussie designated stock.So,when Herencia start suggesting that they have a growing Pacific shareholder base (largely comprising the Australian Opportunity Fund LIND) I'm suspicious.The fact is,Sloane's investor relations in the UK are a disaster.He has failed to attract any holders of any gravitas and now has to handle loads of disaffected wingeing pomme private investors like me.Make no bones,I bet he'd like to "do a Medusa" and wave us all goodbye and slap his paint brush on a fresh canvas of potential punters in foreign climes.

[steelwatch] 21/4/2015 08:52

Could be the ultimate intention to switch Nomad role to Ambrian, but not yet wishing to upset the relationship with WHI and its UK regional client list including small pi's?

[stockready] 21/4/2015 08:23

shame of this management

shame of this shamble

shame of Jimmy who is sitting there and watching this circus

shame of this silence

get the clown out please....

bring some sanity to this company

[steelwatch] 21/4/2015 08:22

steeps - wasn't Ambrian brought in to "ensure coverage" in in the Australia-Pacific region where WHI has no presence?

[steeplejack] 21/4/2015 07:44

Ambrian have been appointed sole broker,but W H Ireland remain NOMAD.I'm not sure that this division of interests will work in our favour.I can't see why,when we have yet to produce anything,we are now employing another broker which will certainly require more management time if not money.Anyway,if Sloane isn't answering your emails,then you can always ring the NOMAD and make a complaint,that's what they are paid for.(Rather handsomely).Shareholders often bang on about salaries but they often overlook the cost of listing.Below is a summary of a NOMADs role.There's an old saying in the stockmarket,that late news is bad news.Hopefully,my concerns are misplaced....but I doubt it.Nominated advisers, or nomads, who typically work for a stock brokerage, reviews the company's documents to learn about management, financial controls, and growth potential, to decide if it should be listed on AIM. If approved, then companies must pay an annual fee of $7,595 to the exchange, and $40,000 to $100,000 to their nomad. To contrast, the annual cost of an NYSE listing ranges from $38,000 to $500,000, and NASDAQ, $21,225 to $75,000.Once listed, the nomad provides advice on handling news and is supposed it ensure that the company is serving shareholders well. Because many nomads tout the companies under their watch, they have a vested interest in presenting the company in the best possible light, making any information they provide about the company suspect. The London Stock Exchange has 14 people monitoring nomads and any unusual price movements in any stocks. An external committee handles any discipline deemed necessary. If a nomad, who cannot sanction the company for violations, has any qualms about its company, the nomad is required to contact the London Stock Exchange.There are a few conflicts of interest in using nomads as overseers. If a nomad resigns, for instance, trading of the company stock is halted until a new nomad is found. Another conflict of interest arises because the listed company can dismiss its nomad, whose brokerage would lose the fees paid for nomads, which could cause nomads to overlook irregularities.In general, companies listed on AIM have not done well. The FTSE AIM Index is down slightly, compared to the 16% growth in the Russell 2000 Index, which is composed of companies similar in size, for the same period.