Herencia Resources Share Discussion Threads

[letmepass] 29/4/2016 14:05

MATD about to rocket... RNS out

[fenseal3] 29/4/2016 12:50

stock...you were right on this i did trade and sold listening to your thoughts made me take in the consequence of NEXT backing out still don't get after the rns buys still came in, peeps can't see that the AIM is a casino....why would you buy into a company that is saying no funds and we can't carry on....everyone will get their cut then this will delist, this will drop to 0.001p and you will never be able to sell, if you hold good luck trying to get rid of your shares

[fenseal3] 29/4/2016 12:31

The AIM is a casino....why would you buy into a company that is saying no funds and we can't carry on....everyone will get their cut then this will delist, this will drop to 0.001p and you will never be able to sell, if you hold good luck trying to get rid of your shares!!

[steelwatch] 29/4/2016 10:53

SP Angel yesterday:

Herencia Resources (LON:HER) 0.045 pence, Mkt Cap £1.9m – Bad news on sale of Picachos project as buyers fail to proceed

• Herencia are under pressure to find new funds as ‘Next’ the $5.125m buyer for the Picacos project sends notice that it will not proceed.
• The company is now faced with a $290,000 license payment which it has withheld.
• Herencia state the company has sufficient working capital to last till early May, eg the next one to two weeks by the sounds of things.

Conclusion: The news may be a blessing in disguise for Herencia. If management raise funds for the license payment and ongoing expenses then Herencia may potentially find a new lease of life.



The big IF

[steelwatch] 29/4/2016 10:43

Herencia Resources (LON:HER, 0.02p) – Hold

Herencia Resources, the Chile focused mineral exploration and development company, announced yesterday that Next Minerals, a private Chilean mining company, has decided not to proceed with the acquisition of Herencia's Picachos copper project. In February, Herencia agreed to dispose 100% of the Picachos for US$5.1m. The company did not disclose details for Next pulling out of the acquisition and has decided to withhold the US$290,000 renewal payment for the Picachos licence while it explores other options. If the Picachos option is not renewed, the company may lose all rights to the asset but would have enough working capital to last until end of May 2016. Should Herencia decide to renew the option it would have sufficient working capital to last until early May 2016.

Our view: Given the current challenging market conditions management has been unable to finance the continued development of Picachos or find a buyer for the asset. Herencia continues to hold its Guamanga copper project and the 70% owned high-grade silver-zinc-lead Paguanta project in northern Chile. In light of the uncertain outlook for the company, we recommend a Hold on the stock.

Beaufort Securities acts as corporate broker to Herencia Resources plc

[sleveen] 28/4/2016 17:52

nev

The local branch of gamblers anonymous I'd say.

[valentine] 28/4/2016 16:10

yes I hve. Assured all is well. Stick with it and a deal will transpire... blah blah ..oh sh*t or something like that,,,who cares. not remotely concerned.So many years now since I picked a dud like this. So many years since put money in.No more, if it has gone its gone.

[stockready] 28/4/2016 16:07

valentine

have you tried to contact these cowboys?

[stockready] 28/4/2016 16:06

has anyone tried to call these cowboys?

[valentine] 28/4/2016 15:54

Sold out to some Australian concern like so many others. BMZ Bullabulling and all the rest of the bulls..

[stockready] 28/4/2016 15:49

valentine

so sorry to hear your losses,
I lost money here too, but may be not as much as others, I pulled out some portion at 1.5p level (and left some running till now) and warned everyone to follow, Corbin is my witness and I have no clue where he is now.
He must have lost thousands here, truly feel for him.

5 years ago when this dummy was coming up with all those digging and targets and productions and more diggings and other loads of BS and delays I question his strategy, I even wrote to this dummy and very politely offered him how he needs to go about this project. He didn't like it at all, and stopped communicating with me, which to be honest went against him as I started to loudly object to this dummies strategy and loads of BS digging he planned for Zinc which took months and months and at the end he didn't reveal the full results to us and kept it secret, later when he ran out of production excuses and had no justifications for further delays on production he come up with the idea to blame the market instead and price of Zinc. lol
honestly this dummy milked this project and this company for so long and year after year he had a different excuses and different line of BS.

Then he decided to explore the copper and Picachos and open pit the exact project which I offered need to be done, but that came to little and too late.. as we all know he kept us amused for another year with digging BS and after 8 months of yet another fat salaries he realised he is running out of lies and BS to feed us but still had no hesitation to continue to the last moment to make sure his fat salary is being paid...then he developed this BS "personal issues" suddenly when he knew this company is finished and there no chance of further dilution .....so he decided on back door exit and escape

in 2 weeks time they are going to find no honest investor here, Lind may put the money down for massive chunk and that fatty chairman will bow to it, don't believe me wait and see


otherwise this company is considered folded guys!!

sad sad end to great company being ruined by total nutter !!

[bad robot] 28/4/2016 15:23

R.I.P Hernia

[valentine] 28/4/2016 14:10

SR. Four five years ago at chesterfield hotel Mayfair. All singing all dancing. I put.more in..saaad!

[stockready] 28/4/2016 13:57

My guess is this...

those cowboys who robbed us twice will get involve and pay the 290k and want another big chunk of picachos or some stupid contract again

only a guess but I think that is what will happen here

Lind are the worse enemy of the decent shareholders, they are bunch of crooks

don't believe me, then wait and see, there is no one else here to save this assets and Lind benefit most, NOTHING will be left for decent shareholders

GS and that fatty should return all of their salaries to us

[thomasthetank1] 28/4/2016 13:44

Read share price Angel's note on HERENCIA RESOURCES, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B069DV22
"Bad news on sale of Picachos project as buyers fail to proceed.
Herencia are under pressure to find new funds as ‘Next’ the $5.125m buyer for the Picacos project sends notice that it will not proceed.
The company is now faced with a $290,000 license payment which it has withheld.
Herencia state the company has sufficient working capital to last till early May, eg the next one to two weeks by the sounds of things.
Conclusion: The news may be a blessing in disguise for Herencia. If management raise funds for the license payment and ongoing expenses then Herencia may potentially find a new lease of life..."

[martyn9] 28/4/2016 12:54

Stock got your answer above.

[martyn9] 28/4/2016 12:47

Stock,one saving grace is this has not been sold off on the cheap,but curious as to what reason next pulled out? but who cares except do you think anything can be salvaged by the end of may?