Herencia Resources Share Discussion Threads

[liquid millionaire] 29/10/2015 08:00

Managing Director, Graeme Sloan, commented:

"We believe this is a significant step in the Company's transitioning into the producer ranks in the very near term. It has taken some time to achieve this acquisition which is seen as critical from a commercial and strategic position.

Pastizal became somewhat of a priority following our last drill campaign where it appeared the 40M Shaft limestone mineralisation extended through to the Pastizal tenement, however it was only after our geologists conducted detailed geological and structural mapping over the two areas we were able to confirm that this was actually the case. It then became a priority to acquire before mining in the area commenced as almost certainly we would be paying a greater price.

In addition, it is our belief that in the long term the 40M Shaft pit may extend much deeper which ultimately requires more area to the west which Pastizal provides. The synergies of location, assets and proposed mine management are obvious.

This acquisition is another part of the overall plan that is targeting Herencia becoming a mid-tier mine operator and copper producer in the context of the Chilean mining scene"

[kwizza] 29/10/2015 07:37

Does this mean things may start to move now

[steelwatch] 29/10/2015 07:33

Nice one Graeme!

[steeplejack] 24/10/2015 14:40

What's done is done and I guess most here have near written off their interest here.In fairness,I don't think Mr Sloan will take any pleasure in being the CEO of what in stockmarket terms has been an utter disaster.These have been exceptional times for exploration miners in the last four years.If by chance,banks and investors willing,Herencia's projects had been expedited to production,would we (in the current pricing environment) be in a significantly better place in terms of valuation?Looking at peers in the sector,I doubt it.Mr Sloan has actually ducked and weaved to keep this company afloat and necessarily there is,and should be,a symbiotic relationship between his interests and ours ie he draws a salary (even a reduced salary) while the company continues.I'm not sure I approve of this "kicking a man when he's down".Everyone who backed the mining industry in the last 4 years with fresh money has lost.That's life...but what goes around comes around...

[stockready] 20/10/2015 16:23

This is the result of the failur of the clueless, useless, dummy who kept spouting out utter BS and lies for good period 3 years, he made loads of promises and ZERO achievements,
Loads of hypes but ZILCH delivery!
From one open pit to multiple one while this dummy can't even secure the budget for the next 6 months, of course he makes sure he keeps paying homslef large sum while he is deliverying nothing of value and totally flat activity to garantee his salaries as long as he can.
How on earth this allow to happen at all? This clown still holding his job aftet all those lies and embaressing 3 years of total distructions...

Is he not hold responsible to answer to decent shareholders who kept beliving this clown?

Why is he still around?

Look at the the share price today and ask question of why and how that allow to happen and who is really responsible?

GS is the main reason behind all these with bad decisions and sometimes no decitions... he ruined this company complety and he still dare to talk about multiple open pit? While he couldn't deliver the one he promised?

What sort of circule is this ? and what sort of dummies running this show?

Stand up and express your concerns
Write to GS and that useless chairman and DEMAND ANSWERS...

[steelwatch] 14/10/2015 09:45

The mood at the metals world's number one annual gathering – LME Week – appears to be one of cautious optimism.

A survey of 400 metals and mining investors polled by Macquarie at the London summit returned a moderately bullish view of the next 12 months for base metals.

Platts quotes Macquarie's head of commodity research Colin Hamilton as saying "despite the ongoing and conspicuous issues for fundamentals across base metals markets, the overall mood was not as bearish as we might have expected":

"While concern over Chinese economic growth and metals demand was clear, the consensus for growth, albeit slower, persisted," he added.

Zinc was the top pick among the delegates with the consensus view that the metal would be trading at $2,000 a tonne in a year's time, up by double digits from today's ruling price.

Glencore said last week it would slash its zinc output by over a third or 500,000 tonnes, most of it in Australia, after the price of the industrial metal fell to a five-year low leading to a 10% jump in the price on Friday.

Copper was also expected to strengthen adding $500 to todays's price around $5,300 over the next year, while tin should continue its good run holding onto its gains around $15,000 a tonne

[martyn9] 13/10/2015 15:25

All valid points stock,i wish i had the answers.

[martyn9] 13/10/2015 08:23

This company is on life support,i would not be surprised to see more dilution with the share price as the wall of silence continues.With the exception of recent news which only benefits GS & company!!

[steeplejack] 09/10/2015 09:03

Glencore will cut 500,000 tonnes or around a third of its annual zinc production as it looks to combat declining prices.The company said the changes would reduce fourth quarter 2015 mine production by around 100,000 of contained zinc metal. "The main reason for the reduction is to preserve the value of Glencore's reserves in the ground at a time of low zinc and lead prices, which do not correctly value the scarce nature of our resources."

[steelwatch] 08/10/2015 11:07

Could be seeing a turn for the sector:



but dire straits for some:

[steeplejack] 08/10/2015 09:27

As pointed out on the other BB,the RNS in respect of Nyrstar holding is an a simple % adjustment in respect of recent fund raising in which they didn't participate.So no selling from that quarter.Sorry to mislead.

[steeplejack] 08/10/2015 09:24

Oops,so no selling from Nyrstar.....confidence fully restored then!

[steelwatch] 07/10/2015 18:52

No change to Nyrstar holding other than dilution.

[haydock] 07/10/2015 17:02

Not sure they sold, may be just a holding notice after recent changes in other holdings ?
Clarification ?

[steeplejack] 07/10/2015 16:41

Bye,bye.With Nyrstar now selling,I suspect we're near the end.

[nevik2] 07/10/2015 16:34

Thats me completely out now, good luck all that are sticking with it.

[steeplejack] 07/10/2015 16:10

Nyrstar selling is a pretty damning.They quite clearly don't approve of the direction this company is heading and want people to know as much.