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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Herencia Resources Plc | HER | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.02 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.02 | 0.02 |
| Top Posts |
|---|
Posted at 23/7/2018 17:12 by excellance Refinanced, new directors, bad eggs removed from the team...HER still pursuing copper assets but the Base metals markets are dire at the moment...if only they could accidentally discover a bit of gold! What hope has this newly reshaped company got now? |
Posted at 05/12/2017 10:23 by euclid5 9 bill shares in issue plusPerformance Rights: 850 million performance rights to be issued to each Mr Peter Reeve and Mr Jeffrey Williams based on the fully diluted share capital. |
Posted at 10/11/2017 07:40 by rascotrading Will HER maintain its high volume? Any catalyst? |
Posted at 25/10/2017 08:34 by cashmachine2 Pre!Read the RNS and come back to me about what it means to HER...Maybe mention the lock in period of needing to be above 0.12 for a period of 90 days continuous BEFORE they can sell. Does that tell you anything about where they value HER and it's considerably higher than today's rise.All- Off out so don't let the soar grape crew convince you otherwise ... coffee tastes lovely this morning as will the vino tonight xxx |
Posted at 25/10/2017 08:32 by steeplejack Never ceases to amaze.The two biggest loss makers throwing more money into the fire.The reason the shares are going up is because of the conversion terms ie 0.12p.This supports the current price or should I say,it supports the current majority holdings of Lind and Darius.It's clever.Got to hand it to them,they're fighting on,keeping the animal alive.The Convertible Security has the same conditions as announced on 5(th) April 2016. Herencia (AIM: HER) announces that Lind Partners and Darius may each exercise its right to convert US$150,000 of convertible loan notes into shares at an exercise price of GBP0.0012 ("Conversion") or some 4 times higher than the current share price. Pursuant to the Conversion, new ordinary shares of 0.12p each ("Ordinary Shares"), will be admitted to trading on AIM. |
Posted at 27/4/2017 16:04 by steeplejack NY Boy,HER could rise like a pheonix from the ashes.I hold Mariana,averaging my holding some years back and yesterday the company got bid for.The bid price was over ten times the low of some years back albeit still well below the highs enjoyed back in 2010.We all know that mining is a cyclical business and it's feasible that the cycle is turning.Herencia has always had reasonable assets.Herencia's problem is the failure to attract finance.Now this is a common problem for small explorers but a real problem for Herencia It has a shareholder listed dominated by Lind,an equity drawdown lifeboat operation.Horizonte' Coming back to Mariana,the reason that it got taken over was that it had a game changer in the minority stake it acquired in Hot Maden in Turkey a couple of years back Herencia doesn't really have a game changer.Same old assets....only thing that's new is management.You better hope you've got a couple of Sam Allerdyces on board! |
Posted at 03/8/2016 15:58 by fenseal3 Peeps should read this carefully, this is a recovery stock in the making, this is worth MC 1.2m...assets out strip that so any thing from here you will make money, check out the RNS again.Herencia Resources PLC 27 July 2016 Herencia Resources plc ("Herencia" or "the Company") Herencia Completes Paguanta Sale Summary Ø The Company has executed a formal purchase agreement ("Agreement") with Golden Rim Resources Limited ("GMR") for the sale of its 70% ownership in the Paguanta zinc, silver and lead Project in northern Chile. Ø As previously announced (see the announcement dated 10 May 2016), the total consideration is US$2.3 million in cash and GMR equity, and GMR agreeing to pay up to US$2.1 million (approximately GBP1.5 million) towards various contingent liabilities. Ø To-date GMR has paid Herencia a total of US$0.227 million, being US$0.127 million upon execution of the initial conditional term sheet and US$0.1 million upon execution of formal documentation (as set out in the announcement dated 15 June 2016). Ø The consideration will be paid in tranches, with: o US$0.8 million paid today; o US$0.413 million to be paid within 30 days of execution of the Agreement, subject to the payment of specified creditors; and o US$0.05 million to be paid within 60 days of execution of the Agreement, Ø A final amount US$0.8 million in GMR equity in the event that a decision to mine is made at Paguanta. Ø GMR will pay all taxes associated with the transaction not to exceed US$0.05 million. Ø Golden Rim Resources Limited is a public company quoted on the Australian Securities Exchange ("ASX"). Herencia Resources plc (AIM: HER) is pleased to announce that it has completed the sale of its 70% equity in the Paguanta Project. On 10 May 2016, the Company announced they had entered into a transaction ("Proposed Transaction") with Golden Rim Resources (ASX: GMR) under which the Company would sell all of the issued shares in Paguanta Resources (Chile) SA ("PRC"), a wholly owned subsidiary of Herencia to GMR. PRC holds 70% of the shares in Compania Minera Paguanta S.A. ("CMP") which holds mineral concessions at the Paguanta silver-lead-zinc-cop Completion under the Proposed Transaction was due to take place prior to 4 July 2016, however due to delays with the flow of information; the parties agreed to extend the date of completion to no later than 29 July 2016. On 15 June 2016, the Company made a further announcement with the execution of formal documentation following which GMR provided Herencia with the second tranche of the deposit, totalling US$0.1 million. Transaction Details As previously announced (-see announcement dated 10 May 2016), the total consideration for the sale of the Paguanta Project is US$2.3 million, with GMR agreeing to pay up to an additional US$2.1 million (approximately GBP1.5 million) towards various contingent liabilities. The US$2.3 million is payable in $1.5 million cash and a total of US$0.8 million in fully paid ordinary GMR shares (Shares) to Herencia at an issue price equal to the 20 day volume weighted average price, in the event a decision to mine is made at Paguanta. The cash consideration under the transaction is payable in instalments and at the signing of the Agreement, Golden Rim has paid a total of US$1.027 million (including the two deposits previously paid). Prior to the next instalment of US$0.423 million, payable within 30 days of execution of the Agreement, all outstanding creditors in PRC and CMP are required to be paid. A final amount of US$0.05 million is payable within 60 days of execution of the Agreement. The Directors believe these funds will be sufficient to satisfy the Company's working capital requirements for the foreseeable future and these funds will be used to repay creditors, to advance the Company's remaining assets and for working capital purposes. Further updates will be provided in due course. A full outline of the transaction terms and disclosures relating to this transaction were detailed in the announcement dated 10 May 2016. Managing Director, Graeme Sloan, commented: "The sale of Paguanta is an important step forward for the Company given our requirements for funds and our need to focus 100% focus on our Picachos copper project in central Chile. Even though the Board believes the Paguanta Project has a great deal of upside, they also believed that the decision to divest of Paguanta at this time is the right one for shareholders. Over the past few weeks, the price of copper has improved and markets in general appear a little more open to investing in resource stocks, although still very challenging at the moment. The Picachos Project has enormous potential as demonstrated in our two drilling campaigns and surface and underground geological work completed to date. Given this, our aim is to continue negotiations with parties around our Picachos project whilst developing a feasible production strategy to meet current market conditions and commodity prices. Finally, on behalf of all Herencia shareholders we wish Golden Rim Resources every success with Paguanta and if an opportunity should present itself we would look forward to working with them in the future". About Herencia Herencia Resources plc, is an AIM quoted exploration and development company operating in Chile. In addition to the Picachos Copper Project, the Company also has the Guamanga Copper Project. The Company's corporate office is located in Perth and the main technical and management office is located in Santiago, Chile where it has been operating for over eight years. About Paguanta Paguanta is located in the north of Chile approximately 190 kilometres north-east of the coastal city of Iquique and 30 kilometres west of the Chile-Bolivia border. It is on the north end of the Oligocene Porphyry Copper Belt of Chile that includes the world class deposits of Escondida, Chuquicamata, Collahuasi and Cerro Colorado. Cerro Colorado is a large operating copper mine, operated by BHP Billiton, and is located approximately 35 kilometres south of Paguanta. |
Posted at 04/7/2016 12:36 by steelwatch Sale of PaguantaHerencia Resources plc (AIM: HER) refers to its previous announcement with respect to its intention to dispose of the Company's 70% equity in the Paguanta Project. On 10 May 2016, the Company announced they had entered into a transaction ("Proposed Transaction") with Golden Rim Resources (ASX:GMR) under which the Company will sell all of the issued shares in Paguanta Resources (Chile) SA ("PRC"), a wholly owned subsidiary of Herencia. PRC holds 70% of the shares in Compania Minera Paguanta S.A. (CMP) which holds mineral concessions at the Paguanta silver-lead-zinc-cop Completion under the Proposed Transaction was due to take place no later than 4 July 2016, however due to delays with the flow of information; the parties have agreed to extend the date of completion to no later than 29 July 2016. On 15(th) June 2016, the Company made a further announcement with the execution of formal documentation following which GMR provided Herencia with the second tranche of the deposit, totalling US$100,000 being sufficient working capital to last to at least end of July 2016. There can be no guarantee that the Company will be able to continue trading after this time. Golden Rim has notified the Company they are well advanced in their due diligence investigations, with Technical due diligence complete and only a few financial and legal due diligence matters remain outstanding, including receipt of the audited accounts of CMP and PRC. There can be no guarantee that the Proposed Transaction will complete. Further updates will be provided by the Company as the due diligence is finalised. |
Posted at 15/6/2016 09:19 by steelwatch Herencia Resources plc (AIM: HER) is pleased to announced that it has executed formal documentation for the sale of the Company's 70% equity in the Paguanta Project on the terms set out in the announcement dated 10 May 2016.On that date, the Company announced they had entered into a transaction ("Proposed Transaction") with Golden Rim Resources (ASX:GMR) under which the Company will sell all of the issued shares in Paguanta Resources (Chile) SA ("PRC"), a wholly owned subsidiary of Herencia. PRC holds 70% of the shares in Compania Minera Paguanta S.A. (CMP) which holds mineral concessions at the Paguanta silver-lead-zinc-cop Following execution of this formal documentation GMR has provided Herencia with the second tranche of the deposit, totalling US$100,000. The Directors anticipate these funds will ensure the Company has sufficient working capital to last to at least end of July 2016. There can be no guarantee that the Company will be able to continue trading after this time. However, Golden Rim is well advanced in its final due diligence investigations. Completion of the Proposed Transaction is subject to all conditions, including commercial, operating, technical, taxation, legal and other due diligence, being satisfied or waivered by no later than 4 July 2016. At this stage, there can be no guarantee that the Proposed Transaction will complete. Further updates will be provided by the Company as the due diligence is finalised. Managing Director, Graeme Sloan, commented: "This is an important step in the overall transaction process and signals a large part of the GMR due diligence process now complete. Both companies continue working together to reach the final stage of the transaction as quickly as possible with final Completion expected by 4 July 2016". |
Posted at 12/3/2015 11:06 by stockready my saint mate Corb,thanks once again for your kind reply, and some very good info/views you included. I am sure corb you are familiar with mining and infrastructure needed even for the simple open pit! and you are making it like as easy as putting everything on wheel barrow and shift it down the hill to the toll processing plant which that itself is not yet confirmed to happen as no price has been negotiated as such and only some watery proposal made on the paper. If the open pit as simple as you described, then why we need finance? putting the procedures, safety, machinery, even simple means of route and digging areas, recruiting, water, sanitations, local PR, all of these need a precise and rather accurate planning, design and management which sadly (and I mean sadly) GS doesn't have a clue how to deliver knowing his past performances, Corb even simple open pit needs loads of planning and management and that is if financed fully, which we don't even seem to have that. Jimmy has been brought in not by GS but by SHARE CAPITAL who have recognise the failure of GS and his rather amateurish approach to this mine. Share Capital wanted someone like Jimmy on board to protect their stake here and watch over GS while he still running this circus, ultimately I see Jimmy to be replacing GS, and I truly hope that happens sooner than later.... Corb, I love to be optimistic here but Jorc/feso which meant to come last month yet again being delayed, time wasted and we have no finance and will not have any finance if we don't have feso/Jorc and also economic analysis, the local PR has been very poor, nothing done in the front and soon that comes to haunt GS and BOD and they don't have a clue how such a issue can delay (or stop) projects, and I can see that coming... we are in a very sensitive times and I hope you acknowledge that, because every single delays means costs, means damage, means loss of values...GS wouldn't be able to deliver open pit in 9 months, that simply wouldn't happen in my honest opinion, as long as GS is in charge we will suffer Corb, and share capital just wants to find a polite way of get ride of GS. we can not see this through with this level of laid back approach, and mismanagement ! Lind deal was a big mistake and there is no way about it other than accepting it was incompetence and sadly rather ignorance of MD signing such a ridicules deal, which had done a huge damage to your investment , my investment and surely many others loyal decent HER share holders here..... we are sitting at 0.22p and soon dilution happens even with finance in place I believe they would have to do partial dilution to raise the money, then what? we are going to see 0.1p? lets just hope and pray Jorc/feso prove to be something outstanding as with average Jorc we will not attract big players here.. You know so well I said I give GS a chance till October last year, and till that point I said nothing apart from expressing my views, but seeing he failed the Patagu, failed to keep Oz involved, delaying Picachos, I had enough of this rather incompetent and relax MD who is doing a great damage to this company beyond repairs. Corb, loyalty is great things, but protecting your investment is also another facts which you got to consider great care and absolute no sense of being emotional about it, I identify ONE OF the core of the problem here is GS, and we would have not be in this worse position if he was resigned after so called termination of Lind deal back in 2013. that was the time for him to move, also who said we didn't have a choice investor? that was at the time metal specially copper was thriving people would have begged to give us money, (under strong management of course) but GS chose those crooks who simply gave him some money and took a huge equity out of this company, do you seriously think they care about me and you? no they are here to screw us all, and partly they did, and thanks to GS to allow them do that so nicely, we should give a medal of honour to GS for his achievements here and specially this Bird in Hand which will lay egg in 3 years time! wow, I still think we might have something very special in Picachos, I said that a yeas ago when GS was still looking for zinc, however I truly hope GS doesn't mess it all up for all us, I hope Jimmy be there to stop him, my feeling is behind the scene Jimmy should be running this company not GS, he truly ruined this company Corb, and I know it is hard to accept it, but if you slightly look back you will see why, and I highlighted that over 10's if not 100's of posts here and in LSE. we have little options Corb, money soon be running out, and we need proper move in Picachos, these delays are not acceptable by end of April if we don't have finance in place we may potentially be dead in water! yes, I do very much care about time, and missed deadline, I am an engineer by education and fully understand the consequences of mismanagement and how horrifying thing can turn out when key deadlines are missed...also I fully appreciate the technical aspect and sadly incapability of GS to understand those and rather so much under estimated the task ahead... like many of those ridicules deadline date he gave us for Patagu and at the end blamed the market and closed that project (for now) everyone invested here should be writing to company and BOD and question the above, delays, mismanagements, and certainly poor PR here. GS can't even sell a good story , how is going to achieve finance? thanks corb for you always kind patient and reply, but I just want us to be back above 1p at least... we are currently in deep deep mud, and takes a lots of talent , managements, expertise, funding, support to take us out and GS is not the man for it Corb, believe me that. |
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