Herencia Resources Share Discussion Threads

[tom destry] 22/3/2016 14:38

Err, no, it doesn't say he has stepped down at all.

.................................................

The loan will have an interest rate of 15% pa, a three month term and will be used for general working capital purposes. The Loan will be repayable in full on the earlier of:
(a) 30 May 2016;

(b) the Company receiving funds from the Next Minerals SA transaction as announced 3 February 2016 (the "Next Transaction"), any equity or debt or similar fundraising (excluding shareholder loans), any disposal of Company assets or any such similar transfer of Company property;

(c) conclusion of any reverse takeover or fundamental change of business as defined in Rules 14 and 15 of the AIM Rules for Companies;
(d) Mr. Moore ceasing to hold the position of director of the Company; and

(e) any offer for shares in the Company made pursuant to the City Code on Takeovers and Mergers becoming or being declared unconditional (including any scheme of arrangement to effect such an offer becoming effective).
.........................................

It is just one of several conditions attached to the short term loan and condition D is IF he stepped down. There is no suggestion in that that he actually would.

You have cherry picked a point out of context.

[citytrader007] 21/3/2016 15:29

.... Good news on the horizon ...

[tom destry] 18/3/2016 18:12

stockready 18 Mar'16 - 14:50 - 5537 of 5539

this statement is false because that stupid Chairman stepped down, meaning he is no longer a chairman of the company so why he is refer to as chairman???? (former chairman is correct)
......................................................................

err, where does it say chairman stepped down???????????????????????

[stockready] 18/3/2016 16:03

correction:

just a big egg ON the face of those two dummies

[stockready] 18/3/2016 16:01

correction:

just a big egg of the face ON that two dummies

[sleveen] 18/3/2016 14:50

If by a miracle funding is forthcoming then a small punt may be in order.

[steelwatch] 18/3/2016 14:43

sleveen - so why are you still here?

[sleveen] 18/3/2016 14:35

LM

It pays to be negative, I got out of this POS at 0.8p, after which, things got much worse with shares issued like confetti. Now there's no more confetti to throw, suspension looms. IMVHO.

[liquid millionaire] 18/3/2016 14:30

LOL you are one negative poster sleveen. They said the same sort of thing on the last RNS. AIM rules mean that all PLC's have to basically state "worst case" and quite rightly so. But whilst very high risk HER are also [potential] very high reward!

[sleveen] 18/3/2016 14:22

...if no additional funds are identified before early April 2016, the directors do not believe the Company will be able to continue trading after that date...

If alternative funding hasn't been found by now, then it's unlikely it will be.

Donald Ducked IMVHO.

[martyn9] 18/3/2016 12:55

The next rns,a new fleet of company rolls royce's has been ordered to replace the battered existing 8yr old cars,the company feels this will give a wow factor to the image of the company.WOULD NOT PUT IT PAST THESE BLOODY CROOKS!!!

[steelwatch] 18/3/2016 12:54

Still fighting for survival.

[fenseal3] 18/3/2016 12:52

lol!!!!!!!!!!!!!!!!!!!!

[martyn9] 17/3/2016 15:52

LOL fen,this company is going to the graveyard fella!!!!

[fenseal3] 17/3/2016 12:13

Will we get a rise today....news should be out in the next few days as where this company is going, looking forward to the action!!!!!

[stockready] 15/3/2016 16:36

shame on this company
shame on lies and deceives
shame on GS
shame on chairman