Herencia Resources Share Discussion Threads

[chablard] 26/11/2014 21:59

Wouldn't agree that Guam wont be big enough for Oz. They would have had HER's previous drill results from way back then, plus there own Geophys etc. to go by before drilling. So obviously thought there was something there worth looking at and spending a few million to so ; plus acquiring the adjacent tenements. (which will revert to HER for free if a no goer).
Graeme did state that if Oz were to go ahead and mine Guam that our expenses could be covered over the first period by our 10 or 20 % of ore remaining in the JV.

Think there is a 50/50 chance that Oz have liked what they've found.

News on Pic grades soon

GLA

[corbine] 26/11/2014 19:45

ive always called her picasso from the outset-sounds better

[thrgef] 26/11/2014 19:22

Corbs, do you mean picachos? Or is Picasso the same project?

[thrgef] 26/11/2014 19:17

Corb, spot on with your analysis. My guess is that it's not going to be big enough for Oz but will come back to us as a smaller resource opportunity. Oz is a wildcat and you would hope that at our low share price it would be priced as zero

[turbotrader2] 26/11/2014 18:57

Oh shut upNo one is listening

[corbine] 26/11/2014 17:24

nevik-unless of course guams a duffer. in which case why would they have done geo teck and a lot of drilling if nothing was there. the geo teck / studies etc would have given them sufficient evidence to go drilling. :-)) is it about grade?/ depth? or just multiple small deposits that arent what ozmin are looking for? ozmin are after a billion $$ plus deposit arent they?

[corbine] 26/11/2014 17:20

Yes if its big enough i agree Nev, my thoughts were on delayed reporting, wondering about the possible alternatives and how the market might read it.?
Some have said here guam failure will screw the share price further, but i can also see an opportunity as long as there is a resource potentially viable smaller scale. by getting the geo teck/drill data we would have got a few million £££; worth of work for free if they do give guam back to us?
question then would be is there sufficient viability in whats given to push guam further or wait for picasso to come good as picasso going simple shallow, production estimate 12 months less hurdles?
:-))
im saying if guam gets pushed back to herencia im ok as long as its got a viable resource on smaller scale. if guam finds a supergene type deposit that goes outside the tenement im happy too as i agree with you, a deal would get struck to move it forward.
would love to see the full picture on guam? drill results? strike lines? ip imaging? underground 3d visual of orebody/ies? how paulina faired?
was it one big iocg system or a major pcd deposit, or 3 or more smaller deposits alal picasso type.
??
whos got better copper /mineralised grade
picasso?
guam?
lets have a blind survey.

corbs=Picasso :-))
(musing)(sherberts)

[nevik2] 26/11/2014 16:57

If it's big enough for Oz surly a deal would be struck that didn't include Herencia incurring a large debt burden?

[stockready] 26/11/2014 16:22

correction:

sit down (I meant)

:-)

sorry I was in a rush last night,

but I seriously hope GS sit down and really spend good 2 days thinking about what he is going to say in the next RNS which he suggested would be shortly!

I am all supporting the good news, but lets face it loads of good news of drillings, results, asset upgrade and NO progress/news on funding, licence, technical expertise, JV, economical analysis, cost.... these will make the market think GS is incapable of delivering anything more then drillings/asset upgrade (his favourite theme),

lets be honest among ourselves, his track records in funding side/ JV has been disaster to this point, I am sorry to press on this point, but disaster Lind deal will never go away till he does something different to prove to market that he can get big international (other than Oz) involve with serious money investment. (so call Harry Mr. GS, you wouldn't regret it, I understand funding is not your strong point but Harry can help you at the costs of course).

Oz involvement has been really tiny for the size of the company, beside I don't think they stay around for long.

until we don't be honest with ourselves we never see HER succeed at international levels... most of the past 2 years back steps could have prevented....and I shouted many times...


I truly believe GS genuinely don't understand what he is doing issuing RNS's (out of desperation) from right, left and centre and truly making a micky of himself and investors every time.

The current drilling campaign for Picachos should have started at least 8 months ago, and certainly should be pushed to be completed within 3 months.

WE ARE WASTING TOO MUCH TIME NOW....

GS knows he is ran out of options, and asset upgrade is NOT THE ANSWER here!!


there is more fundamental issue, and that is called MANAGEMENT, this ship has no Capitan to sail us through, and soon we will hit more rocks...
really sorry to say but we have already hit many rocks and still just barely floating......


get that RNS right GS, world of mining are watching you...

[corbine] 26/11/2014 13:58

i reckon the ozmin results could be a double edged sword? if they are good and big enough resource to proceed further then fine-but whats the cash call to herencia for next stage on guam?

if the results are good for a small resource with good grade but not large enough resource for ozmin they will walk away and hand over all the drill data , geo teck study results, mettalurgy etc etc to herencia who will then be in possession of data confimring a resource that included costs of job done running into millions for the work which cost herencia nowt.

Will punters bail if ozmin walk? even if we get a resource paid for out of the relationship? even if its still viable to proceed further albeit on a smaller picasso size scale?

I do also expect interesting results from picasso friday or sometime next week.
:-)

my point with guam is if ozmin walk it is not an opportunity lost if there is a viable smaller resource that may benefit a smaller operation, cheaper technique for extraction rather than the supergene structures ozmin would be funding that run into many hundreds of millions for funding costs.
:-)

nyrstar news today also peeps. bosshog has left...

[nevik2] 26/11/2014 13:14

Not so sure about a guaranteed fall on the next one. Not easy judging buys and sells with such a spread.
Taken at face value:-
I would say despite a bigger sell column than buy the price has held, we have even seen some blue stick.
Not going to get carried away (again) with thoughts of its turning a corner............but maybe.

[haydock] 26/11/2014 11:36

Still waiting for the OZ results now due ?

[martyn9] 26/11/2014 11:04

The count,be assured the results when in will be excellent, i'm sure 100%.BUT certain also the share price will fall,as sure as eggs are eggs!!!!

[the count of monte_cristo] 26/11/2014 08:20

first assay results from the drilling due later this week?

[stockready] 26/11/2014 00:00

I am just going to pray that we don't get one of those empty , pointless , RNS in two weeks time, GS should really sit done and do his homework before the next RNS, we like to see not just asset upgrade/results of drilling etc, BUT how (with evidence) he is going to turn those assets to anything meaningful, meaning: funds, plans, costs, technical, timelines, team, etc

there is no point of issuing RNS like he did 30 of them this year with no value, no useful contents, no delivery time, false hope, and we all know what happen to share price....

so please think about it before you release the next one, the embarrassing media release was enough we don't want another mess

good night all

[stockready] 25/11/2014 14:43

for example, what was the point of last RNS, if he is going to issue another one in two weeks time?

truly desperation all over his head, and no wonder market reacted like that....

[stockready] 25/11/2014 13:51

Chab

have you heard back from your pen pal the result of his investigation into volume and share price drop?
I just found that so funny that MD is going to investigate into market to find the cause of share price holding at this level!!! loool

all he has to do is to start realising number of RNS's he issue and specially ridicules commentary doesn't save his ass.. he needs to includes company changing news such as funding, licence, PLANS, costs, etc and some experts technical behind those empty RNS's to make a difference here,! Market doesn't believe him and more he struggles with those stupid RNS more damages he does to share price.

yes, nothing is going to move this north of 0.4 mark but those factors I mentioned. so if GS thought with his next RNS which may/may not contains some excellent news on Picachos upgrade of assets he is going to shift the share price, then HE GOT THAT TOTALLY WRONG.....

it will do the opposite, because more assets and no funding is a BAD news.....

GS needs to get grips, and he is slipping badly...

He would still benefit from that phone call to Harry, I urge him to do it...


I mean that

GL

[turbotrader2] 24/11/2014 15:18

This is good as it shows the mms don't have much to shift

[thrgef] 24/11/2014 15:18

just done a dummy buy, the spread is much closer than indicated

[nevik2] 24/11/2014 15:07

I think the near 15% spread will put a lot off entering into an investment here.

[turbotrader2] 24/11/2014 15:03

No they haven't bid is up too

[friendzarin] 24/11/2014 15:01

Why would that be turbo if they are only moving the ask ?

[stockready] 24/11/2014 14:44

I draw your attention to 17% spread, which tells you this is being manipulated!

who is benefiting?
why we are allowed to be in this situation?

I know the answer to above, hope you all reflect on it too

GLA