Herencia Resources Share Discussion Threads

[martyn9] 29/7/2015 07:46

Exactly steep,with gs track record who the hell would employ this hapless chancer?

[steeplejack] 28/7/2015 23:59

Mr Sloan is unlikely to negotiate a quarter million pound package in the current environment with any other mining company.He'll stick it out at Herencia as long as he can.

[stockready] 28/7/2015 23:38

if Mr. GS has so much confident in fast tracking BS, and success of this company, and open pit BS,....


then why he is not getting paid at least partially in shares rather than 250k sum?

why has he not bought more shares ? hefty price tag of being MD and deliverying NOTHING of value has cost us all so much; but has certainly been a very good ride for this clown.


how about for the next 6 months he reinvest half of his earning EVERY MONTH back to this company?

is that a fair request to ask the MD who feed us loads of BS and delivered us nothing of value..?

it is fair, but the best option is to kick him out and ask him to don't even look back after so many damages and mis-management of this company and our investment here for so many years. ...


time to ask GS to retire with our money ... !

truly a sad reality....

[precinct14] 28/7/2015 15:57

Why desperate? Three years of driving this company into the ground on an annual package of circa £250k hardly warrants desperation. He'll be able to live the high life in Perth for a few years yet, before landing on another jolly, and taking more luckless shareholders for a ride. Mind you, let's not forget, Bohm was on a total package of around £500k, so perhaps GS is a little hard done by.

[stockready] 27/7/2015 14:18

CORRECTION:

Nyrstar interests has been given away cheap to those cowboys "Lind"

[stockready] 27/7/2015 11:59

the question:

1. How can it be justifiable for MD to receive a six figure salary while the company is not delivering any values back to shareholders?


2. how can the salary of 260,000 ish can be justified, while GS is the person responsible for the destruction of this company for many years?

3. why the corresponding address of Chairman and other non-executive directors not published?

4. why the website is so out of date, which certainly affected investors decision to even invest here? and who is responsible for it?

5. why so many promises made and none being delivered? why we have been mislead?

6. who is really running this company?

7. why decent shareholders receiving no replies?

8. GS has not been honest with us, why?

9. why this guy still in charge, and who is monitoring his work?

I am sure you can add many more questions
GLA

[stockready] 27/7/2015 11:50

everyone have a responsibility to let other (investors) know about what has been said here in this thread, notify everyone cross multiple boards to take action, and please let others know about the intention to complain to FCA.

everyone should do this complaint at the same time (even individually) for FCA to take the matter seriously. however they will take it serious because that is their responsibilities.

excellent suggestion by steeplejack, which I am fully supporting it.

[stockready] 27/7/2015 11:13

we should not be treated like this,
it is time for GS to come and be truthful with all of us here, rather than trying to fudge the drilling data for feaso, and make baseless (rather madness) promises.
I always said this is OVER PROMISED, and I was right!

where is the OPEN PIT!?
where is the promised feaso?
have they now ran out of money , or rather ran out of BS?
WHY THE SILENCE?
why there is no PR?
WHY GS is still running this circus despite so many failures?
why we can contact the Chairman directly?
why all company correspondences should go to GS first?

this is the job of company secretary not the MD to waste the valuable time to respond to people?

GS have no clues whatsoever where to take this company other than keep drilling and keep getting paid, while investors are being hit so hard!

truly shameful!

[nevik2] 27/7/2015 07:58

GS has run out of everything, ideas, options, direction and probably money. I should think he is desperate after all this time of coming up with sweet fa.

[steeplejack] 25/7/2015 21:47

While watching "Only Fools and Horses" repeats tonight,it occurred to me that Sloan is probably pondering doing a Medusa Gold and quitting the AIM market and listing in Australia.Why else would you appoint Ambrian as sole broker and leave WHIreland to fulfil AIM requirements as a NOMAD.

[steeplejack] 25/7/2015 06:33

Copper has fallen to a six year low slipping to under $5200.Goldmans forecasts that copper spot prices will fall a further 20% hitting $4500 by end 2016.This is the environment in which Sloan seeks to raise finance.


I think your observations are very valid Stockready.Herencia appears to be a one-man pantomime.All the other members of the board are non-executives and it appears that it's near impossible to get hold of the non-executive Chairman directly.Herencia appointed a new broker in March as we all know,RFC Ambrian but WHIreland remain the NOMAD.I can't help thinking that WHIreland's role as NOMAD could be partially compromised by the fact that RFC Ambrian has been appointed sole broker.WHIreland must now find itself somewhat at "arms length" from Herencia despite continued research coverage.If one has complaints and Sloan won't help,then the best bet is to complain to the NOMAD i.e.Katy Mitchell 44 161 832 2174.It is their job to make sure that the company conducts itself appropriately.If that doesn't bring satisfaction then I think you have to contact the FCA.I think we are probably reaching a point at which a call to the FCA might be required.I haven't attempted to contact Sloan.The stock has been such an appalling performer that I don't have much money invested in this company now just a bloody big unrealised capital loss.However,I'm becoming increasingly concerned by Sloan's apparent "cavalier" attitude to requests by shareholders to get information about Herencia.If you compare Herencia with Horizonte for example,in terms of management structure,shareholder structure etc,they are poles apart.(Not that has made much difference to the share price performances which are equally awful!)If nothing emerges soon from Herencia,I guess one has to approach the FCA for advice.




19 March 2015
Herencia Resources plc (“HerenciaR21; or the “Company”;)
Change of Broker
The Board of Herencia Resources plc (“HerenciaR21; or “the Company”) is pleased to announce the appointment of RFC Ambrian as its sole broker to the Company.
RFC Ambrian is a leading independent global mining and energy corporate advisory business and provides highly-rated equity research. RFC Ambrian has a particular focus on the Australian and London equity markets.
The Company would like to sincerely thank WH Ireland for their support going back to 2006 and confirms that WH Ireland will continue to perform their role of Nominated Advisor (“NOMAD”) to Herencia and also ongoing research.
Herencia’s Managing Director Graeme Sloan commented, “As we get closer to production the Company is moving into a new phase of its life. With a growing shareholder position in the Australia-Pacific region (in particular Australia, Hong Kong and Chile), we need to ensure coverage within all these jurisdictions in preparation of the next phase in the Company’s life.”
For further information please contact:
Graeme Sloan, Herencia Resources plc Katy Mitchell, WH Ireland Limited Stephen Allen, RFC Ambrian (Australia) John van Eegan, RFC Ambrian (UK)
[phone] [phone] [phone] [phone]

[stockready] 24/7/2015 14:49

the website is out of date, and some old info
the phones don't work
the PR is zero
the feedbacks are none-existence
the silence is telling the con story
the continues BS of open pit promise this year has now turned to silence

this is a one man show, one man con, and one man BS

the only problem for him is...

he is now RAN OUT OF BS

[stockready] 24/7/2015 14:12

corresponding address of this company is :

[e-mail]

directly to that clown GS!

WHY?
HOW do I contact the chairman?

[valentine] 24/7/2015 08:55

All trades are buys over 0.17..acc to broker.


edit 1040 bidding 017p now offer 0.18p

[stockready] 22/7/2015 19:02

I hope this clown get lost from this project and back to his homeland Australia where I hope he never let to run any project ever again.

he has failed but, he is still so stubborn to admit the defeat and to get lost and resign sooner than later, that is something he will do in the coming months (I promise you that) but he want to first make sure he will suck the last penny to fund his salary as long as possible, this is while the decent shareholders here have lost everything!

truly shameful
truly selfish
truly revolting by any standards

[stockready] 22/7/2015 18:55

Valentine

appreciate your comments, all views are respected,

BUT let me add this:

The arguments never have been lost here, because it is so simple..

ADDING VALUES...

But on the other hand...:


avoiding the answers to decent shareholders
hiding behind the chairman
lies
deceived
delays
false promises
incapable poor management
and pointless drillings


all of the above are the reasons in loss of objectives, loss of clear value, loss of this mine

the objective was OPEN PIT BY 2015

where is it then?

the argument is so simple and GS needs to answer us or resign

simple