Herencia Resources Share Discussion Threads

[kwizza] 25/11/2015 09:10

Possible couple of deals completed next month ?

[valentine] 24/11/2015 19:02

Boil at lowest ever today. Crazy nevik..crazy. No one doing very much and all money gone waiting for Amerisur to tell us.. About?
If you have plenty money it doesn't matter but if you ain't don't get involved and remain poor. The just as good a chance as anything else now eh?

[steelwatch] 24/11/2015 18:13

SP Angel today

Base metals:
Copper US$ 4,514/t vs US$4,489/t yesterday –

Zinc US$ 1,566/t vs US$1,531/t yesterday – Chinese top 10 zinc producers will cut production by 500kt in 2016 in an effort to support metal prices.
• Coupled with announcements by Glencore and Nyrstar, total cuts come to 1.5mt for the next year.

[nevik2] 24/11/2015 11:45

Val a better bet in BOIL? it might be better but is it a good bet? Neither of them are selling anything or look likely too anytime soon.

[tidy 2] 22/11/2015 17:49

What's the issue with HER guys?

[steelwatch] 20/11/2015 12:46

A brutal year for mine financing explained in just one chart

[martyn9] 17/11/2015 14:17

And so the rot continues!!

[valentine] 12/11/2015 12:26

I called the broker as I decided Boil was a better bet. Sell HER and buy BOIL. II I said confidently I could get 100 Boil and maybe less after dealing costs..cor blimey,. I remember when ... How much for how many mate? In shock at.what is left of my optimistic purchase of several years ago..best part of sfa.. Come on HER I have the itch

[mjcferguson] 04/11/2015 15:13

Thought that this weeks news would provide a bit of encouragement rather than usual mindless criticism of management.We could have a valuable asset here once commodities start to turn as they inevitably will.Start of production will also provide a fillip,especially once analysts grasp the potential scale of this mine.

[stockready] 02/11/2015 15:15

Martyne

thank you, you are spot on

NO HOPE!

something I have been shouting here for years now!

change this clown and give someone else a chance to save this company!

[martyn9] 01/11/2015 09:50

Good morning stock,you've missed two words NO HOPE!!!!in view of recent rns it clearly shows that this company is NOT attracting any new investors,possibly because they can see through this idiot and co's leadership? Give this company a decent BOD it might have chance in moving forward.

[steelwatch] 30/10/2015 08:52

10/30/2015 Beaufort Securities Reiterated Rating Speculative Buy

10/29/2015 WH Ireland Reiterated Rating speculative buy GBX 0.50

[steelwatch] 29/10/2015 17:50

SP Angel today:

Herencia (LON:HER) 0.09 pence, Mkt Cap £3.8m – Acquisition of additional ground adjacent to Picachos

• The company has announced that it has exercised a right to acquire additional ground, the Pastizal Project, adjacent to, and south of its Picachos copper project in Chile.

• Herencia’s geological interpretation indicates that the Pastizal area, which currently has some artisanal mining activity, covers an extension of the high grade mineralisation encountered in its 40M Shaft area at Picachos.

• The option agreement allows Herencia to acquire Pastizal via a staged series of payments involving relatively small expenditure in the early stages. There is no payment due on signing and $50,000 is payable after 6 months.

Thereafter, $160,000 is payable 12 months after signing; $250,000 at 24 months and $400,000 after 36 months. In addition, a royalty of $0.05/lb of refined copper is payable on the first 4m tonnes of copper produced from Pastizal.

• Work by Herencia’s geologists as part of the due diligence process has already identified areas within Pastizal which have not attracted the attention of the artisanal miners as well as the main targets extending from Picachos.

• Herencia raised £0.5m in September which should allow the company to continue with exploration in the short term, however as it expands the scope of its exploration work into additional areas it may need to make some hard decisions on the priorities of an expanding number of targets.

Conclusion: The expansion of Herencia’s licences gives the company the opportunity to consolidate what seems to be developing as a single zone of mineralisation within a single ownership which should assist the optimal development of the orebody and help to expand Herencia’s resource base. Targets within the Pastizal area are described as “walk-up” implying that results may become available relatively quickly.

[haydock] 29/10/2015 11:51

Pastizal may be down the mountain, out of the ground first !

Note they are using a new piece of kit to identify the rocks in the field.

Then GS, refers to the Tambillos J/V.

Due diligence nearly completed & no problems !

Highlights:
 Herencia Resources (Chile) S.A. (a 100% subsidiary of Herencia Resources plc) has signed a non-binding MoU with established Chilean copper producer, the Errazuriz Group, which owns and operates the nearby Tambillos copper project.
 Provides the framework to create a mid-tier copper-silver-gold production company processing ore from the existing Tambillos underground operations and Herencia’s proposed Picachos open pit at the centralised Tambillos treatment plant.
 The Tambillos operation consists of two underground mines and a treatment plant with a nameplate capacity around 1.0 million tonnes per year.
 Herencia would also provide key technical and operating expertise to the new Joint Venture company that would optimise mill feed from both projects into the Tambillos plant.
 Both groups are undertaking their own due diligence and it is anticipated that if any agreement is to be executed, it would be finalised by December 2015.
Herencia Resources plc (AIM:HER), the Chile-focussed mineral exploration and development Company, is pleased

All systems go here, to quote GS.

[steelwatch] 29/10/2015 11:06

Webcast in around 23 minutes

[steeplejack] 29/10/2015 11:02

You'd think so.

[thrgef] 29/10/2015 10:46

Didn't see this coming, but appears to be the precursor for the JV??