Herencia Resources Share Discussion Threads

[stockready] 05/8/2015 18:13

everyone should pick up the phone and demand to speak to chairman, I would like to know why no contact is being provided for chairman, ?
is everything goes to this dummy, to hand pick what he likes and pass it on?
how about the complain about himself? where does that goes?
Even chairman can be sued if he doesn't act on shareholders request!
GS has done nothing genius here with this stupid MoU, anybody think otherwise will be so naïve to believe anything goods comes out of this 5 months circus.
come less than 2 months they will leave the table or they would screw us so cheap, there is no third option!

speak out and express your concerns please
act quickly before too late

[stockready] 05/8/2015 12:50

those of you left, please express your views, and concerns

we need collectively take action against this mess, this delays, and this ridicules managements which are the core of the problems here!

I would specially like to hear those who are supporting the recent RNS's and are comfortable with what has been happening here in the past 7-10 months!

we are at the verge of yet another delays and yet another excuses, please don't sit back till December and see the disaster strike yet again, GS is not up for this job and this has been proven times and times again, please do something about it.

I truly believe we have a strong case to take the matter to FCA, the information flow, lies, deceived makes a strong case, and we should shout about it.

please write to company and demand answer

thank you

[steelwatch] 05/8/2015 10:35

The independent research house expects the copper price to recover in the second half of this year and into 2016-17. By the end of the year Capital Economics see copper above $2.80 a pound ($6,250 a tonne) rising to $3.17 a pound ($7,000 a tonne) by the end of 2016.

[stockready] 04/8/2015 12:27

if any of you think what I express is unfair, please come here and share your views and tell me why!
I was proven right when I said GS will never deliver open pit this year, and I said that back in October 2014 when this clown was hyping this story and everyone buy into that BS, and he is spouting out different BS to buy more times.
please don't fall for it,

the only way we can save this company is in the hand of someone capable and someone with more expertise than just spouting out BS,

the only way we can succeed in for GS to resign and someone else take over this negotiation, or find another multi nationals as a JV partner not the struggling local firm which want to have all our asset cheap.

STOP this madness please

ask for GS resignation

thank you

[steelwatch] 03/8/2015 17:15

SP Angel today:

Herencia Resources (LON:HER) 0.18p, Mkt Cap £6.4m – Discussions to merge Picacchos copper project with existing copper mining assets

• The company has announced that it is in discussion with an established Chilean copper mining company, the Errazuniz Group, with a view to merging Herencia’s Picachos open pit copper project with the nearby underground mining and processing operations of Errazuniz’ Tambillos copper mine.

• The Tambillos operations comprise two underground mines and a 1mtpa capacity processing plant approximately 10km north of Picachos.

• At this stage, the two companies have signed a non-binding memorandum of understanding and although there is no assurance that a deal will be concluded, Herencia’s Managing Director, Graeme Sloan, commented that “both parties clearly see the opportunity for immediate value-add, and if the spirit and co-operation we have seen in recent discussions and due diligence is anything to go by, we are optimistic that an agreement can be achieved prior to the end of 2015.”

• The Picachos project has yielded some high grade near surface intersections of copper and silver and the announcement indicates that the current proposals originated from discussions between the two companies over the possibility of using surplus treatment capacity at Tambillos to treat ore from Pichaos. Herencia announced an MoU for toll treating ore at Tambillos in September 2014.

• Previous reports by Herencia indicated that they were proposing to complete a mining feasibility study in mid 2015 with a view to fast-tracking mine development at Picachos -

• Conclusion: There appears to be a convincing operating logic to a combination of Tambillos with Picachos to create a mid-tier Chilean copper producer, however, at this stage there is no indication of the potential terms though no doubt these matters ure under detailed discussion. We will await further news with interest.

[valentine] 03/8/2015 16:27

Where's yer man?

[steeplejack] 03/8/2015 14:16

I don't quite see why the joint venture talks could last for some 5 months.Well,I do in truth.It coincidentally buys time,something of a stay of execution perhaps.If Goldman Sachs are anything to go by,the commodity markets aren't set to stage a significant recovery in 2016 but who knows.I think the fact that GS has got 4 of the 5 private stockholders to take stock at 0.25p is something to be pleased about.We could extrapolate an implied valuation of Picachos if we knew the percentage involvement of the fifth stockholder who has opted for cash.As far as the Errazuriz Group are concerned,they appear to be a very influential family who have their fingers in a lot of pies ie mines to supermarkets to wineries or am I getting my surnames muddled.Being realistic,I think GS has done OK given the situation we find ourselves in.

[haydock] 03/8/2015 12:34

Potentially we have hooked the big fish in the small pond.
Magnificent work in this climate by the BOD.

Proof of the quality of the project, now lets see if the line holds & the mineral prices hit bottom this year.

Her has always had a superb suite of mineral rich holdings, that's why we keep on hooking the big boys even now.

Remember the Geologist S.L on 3i, drooling about the classic nature of some of the drilling I think pre Pic. on the other site.

When the tide turns.....?

[steelwatch] 03/8/2015 11:13

Errazuriz group:

[stockready] 03/8/2015 10:16

I will fully respond to today RNS, which to me is nothing but BUYING MORE TIME for GS to carry on another year getting paid and fill us with loads of utter BS.
this is NO LEGAL documents MoU is honestly one of the weakest form of any agreement and it is not an even a legal binding agreement, it is purely buying time TOOLS.
After all these silence and all these waiting is that all this stupid dummy could come up with?
a local poor mill down the roads which themselves can barely survive now want to go to JV with us? why this is good!?
is this dummy is also telling us officially that there will be NO OPEN PIT THIS YEAR?

this was even worse than I thought, and I am honestly looking at this impartially , and I smell sh*t all over today's RNS!

HOW dare this stupid clown to keep playing with decent shareholders money and feeling for years and still getting paid?

get this clown out as soon as possible, things will get worse!

how can anyone say today RNS is a good thing at all?!!! it is truly disaster to me!

we will go further down IMHO

[steeplejack] 03/8/2015 09:51

The proof of the pudding(pie)is in the eating!There's real relief that Herencia has got a lifeline and the Errazuriz Group is a very meaningful mining presence in Chile.Albeit that Herencia brings cheaper open-pit ore to the party,the whip hand in joint venture negotiations must lie with Errazuriz.Good that 4 out of the 5 private stakeholders are to accept stock at 0.25p.pleasing when we're used to Lind squeezing the equity sponge dry for every last drop of discount.Prima facie,this is about as good as we could have hoped for but necessarily Herencia's survival will come at a price.Put simply,HER need Errazuriz more than they need Herencia but I like to hear of synergistic benefits and it looks like we'll see another New Year in.

[nevik2] 03/8/2015 08:40

I hope it turns out that I owe GS an apology and he is delivering, I'm not turning the oven on yet to bake the humble pie, I might roll out the pastry just incase.

[haydock] 03/8/2015 08:35

We may just have a result, in the near future: progress in difficult times.

[nevik2] 03/8/2015 08:30

Is there a glimmer of light at the end of the tunnel or shaft now? I'm still getting my head around the possible banana skins of the latest rns releases.
The JV I would of thought should of added a good amount to the sp, it looks like we could have an income at last. The market is the usual underwelmed and probably finish red as is the tradition here.