Herencia Resources Share Discussion Threads

[thrgef] 03/12/2014 11:24

Thanks haydock, its not all doom and gloom!

[haydock] 03/12/2014 11:03

Let's do it again folks:
From Minesite forum.

Copper’s anti-infection capabilities will lead to massive future uptake in hospitals and other health facilities, where stainless steel is now used and infectious diseases run rampant. Zinc will increasingly be used in fertilisers. Platinum will be key to the development of the fuel cell industry which, incidentally, is happening now, not in some hypothetical amount of years in the future.

[haydock] 03/12/2014 10:57

This is the article, but all I am taking from it is this quote:


Zinc meanwhile has been on a run all year and remains strong.

And here, John speaks with real authority. “Zinc – that is a cycle I do know, having been in this since 1969. There’ll be shortages in 2015, 2016, 2017. The multinationals have cut back exploration budgets – that’s what’s happened with Teck.”

[stockready] 03/12/2014 10:55

It-dust (LSE)
Hi mate, I know you are now locked in so as many,
but please don't look at the price of metal as a gat away door here, it would have absolutely no baring for HER as this is a company not in even close to set up for any production of any sort, lets not to mention all those brushed up results are themselves under questions here, the main problem here is loads of so called good results which I am not saying is a bad thing, but absolutely NO PLAN, NO FUNDING, NO MOVE towards production, it would cost millions $$$ to dig them out and you need a very strong international backing this up. so far we have NONE, and OZ had enough and moved on, regretting getting involved in the first place.

The problem is GS , not HER

his has no strategy and he knows nothing but drillings, how is he really going to bring any values to shareholders here??

it is honestly best time for him to leave , so perhaps after next RNS which we expect the analysis to come through would be his best and final chance to go out while he still can....

pass the stick to someone capable, someone which market respect, GS truly made a micky of share holders and market and this company...


he should GO

only then I would say we stand a slight chance of going above 1p mark within the next 2 years, for now he is talking only utter BS and market and people are so tried of it

GLA

[precinct14] 03/12/2014 08:01

Anyone going today? Please ask GS about all those approaches he's been getting, re financing Picachos. He looks to have painted himself into a corner with this one, and I think Martyn's right. Whither Herencia in 12 months time, if this doesn't come off?

[stockready] 02/12/2014 22:49

I really don't want to hear another RNS from.that dummy, he has no clues how RNS should be done nor he have any cluea on PR,

no wonder everytime he spout out those BS Rns's then we see more drops here, he is raising the assets but not telling us how he is going to make some financial sense out of it to add value which loyal share holders have been waiting for years......

he doesn't say it because he doesn't have anything ....

nothing at all

zilch

IMHO

[steelwatch] 02/12/2014 16:53

Direct link, or click the "Graeme Sloan Video Library" link top left in the header.



Well spotted corbs. Should not require massive fund raise either!

[corbine] 02/12/2014 16:48

yeh ok im ..ucked off with the share price and in hindsight should have sold xmas eve 2010 circa 4p when snowleopard arrived and mb sold. hindsight eh? so how will herencia fair over next 24 months?.....if they get picasso up into cashflow ?

[corbine] 02/12/2014 16:46

if guam had been a goer it was likely to have taken years as suggested, and cost a few hundred million $$ if not over a billion $ for a supergene pcd type production. Its what ozmin were after. Ozmin already quit chilean prospects bigger than guams results as they were not the size ozmin were looking for. picasso in 12 months? whats the odds? :-)

[chablard] 02/12/2014 16:29

Has been for a long time Martyn. Even if Guam had been a goer it would have been years before production and HER will need to prove up Picashos and get finance asap to survive. imo
GLA

[martyn9] 02/12/2014 15:32

It strikes me picachos has now become last chance saloon for this company?

[dublem] 02/12/2014 11:22

Interesting reading when compared to copper grades quoted in recent RNS

[nevik2] 02/12/2014 10:26

I've not thrown in the towel yet, too much too long here for me. One day I will really convince myself that a stop loss is a good thing and not have to cling on to the losers.

[thrgef] 01/12/2014 22:59

'Significantly more attractive prospects then herencia'. We don't really know the potential of picachos, that's the problem, we're going to have to sit it out

[steeplejack] 01/12/2014 20:53

There are numerous promising mining prospects fighting for finance in today's AIM market and Canadian,Aussie junior exchanges.Many are further down the road to potential production with bankable feasibility studies etc than Herencia.Different mineral perhaps but take a look at a company like Condor which has total gold production costs of some $700 per ounce in the offing in mining friendly Nicaragua when many SA gold producers are unprofitable at today's gold price.All about opportunity cost and comparatively and sadly,with the benefit of hindsight,there are many down beaten explorers with significantly more attractive prospects than Herencia.As precinct14 posted earlier,there has been a real absence of getting down to brass tacks here.What is the cost of mining zinc at Paguanta,the cost of mining copper at Picachos.Sorry to be thick but a few numbers would help my uninformed mind..I just can't see how they are going to get through the logistics of feasibility and approvals by the end of 2015.All will be revealed when potential investors do due diligence on Picachos,the sort of due diligence OZ have so definitively just completed at another Herencia hopeful.

[thrgef] 01/12/2014 19:42

Steeple, can understand your opinion, but surely you can't write HER off without analysis or consideration of the quality of the copper grades. After all, that is what it's all about. Everything that's happened previously will become irrelevant if the grades are of high enough grade to attract investment to run a profitable mine. It's simply about the numbers, and just because they don't currently stack up for Pat it doesn't automatically follow that they won't for Pic.

[turbotrader2] 01/12/2014 18:43

Because things don't happen overnight and not all projects are guaranteed?

[stockready] 01/12/2014 17:20

good day for HER I would say, because on that news we should have dropped 20% as I pointed out earlier would drop more towards closing and it certainly did.

but hey , lets not worry about it because as out leader said:

SOME EXCITING TIMES AHEAD........

You honestly got to be dump saying that to share holders at this stage which you have NOTHING ...... ZILCH ...

Please tell me if I am wrong!

[steeplejack] 01/12/2014 17:17

I went to the presentations held at Tower Hill last Christmas and have been deeply uncertain about Herencia ever since.Previously,I was prepared to cite the parlous state of the industry as an explanation for the company's ill fortune.I can't remember whether it was Mariana immediately before Herencia or visa versa but what an unfortunate back to back pairing!

When I'm asked to celebrate the OZ involvement in Guamanga with fireworks and then a year or so later find OZs departure from the project slipped almost nonchalantly in the middle of yet another update on Picachos,i think my circle of cynicism is complete.I consider it highly unlikely that Herencia will ever take Picachos to production.Not to ignore his mining qualifications but first and foremost GS struck me at the Tower Hill presentation as a rather skilled salesman with a jolly sense of humour,a humour that even extended to awarding a bottle of wine to the attendee who spotted the error in the HER slide presentation.Quite bold,I thought,when you consider in the audience there were private investors who had seen the price slide 80% in the preceding two years,make that 90%+ as of now!

So quo vadis?Well,if this company had sizeable shareholders then I'd reckon that Herencia would in due course be taken over.Peanuts for a major operator in the area.They could just pop Herencia's ragbag of prospects on the back burner until the inevitable cyclicality of the mining industry ,saw the needle swing back to favourable.Thing is,that might well happen in the case of Horizonte with the likes of Teck,Anglo Pacific and Henderson holding near two thirds of the equity but Herencia doesn't sport such a pedigree list of holders.Far from it,we've got Lind Partners now sweating like the rest of us over an unfortunate investment,Shining who had the unfortunate pleasure of paying a premium to buy into a holding that is but a quarter of their purchase price and dear old Nyrstar who behaves like a distant uncle who is unlikely to provide the inheritance that once seemed a real possibility.

The likes of Mariana though suggest that these junior explorers can go on squeezing the punters til the pips squeak.Afterall,Mariana (whose 2013 presentation i received with some incredulity ) got a massive dilutory issue away some months back.An issue at a penny which increased the equity by two thirds ,yes 98% off its all time high!Extraordinary and I suppose encouraging in some respects.Then there's Patagonia Gold that despite recently becoming a producer is currently having a fund raising at an all time low of 4.5p.Remember that Patty has continued to plumb new depths despite cash flow from Lomada that doesn't bode well for the therapeutic effects of Picachos even if it did come to production.

So where do these digressions lead me other that recognising that Herencia is worth half a tarted up four storey house in Kensington.Well,it leads me to recognise that the damage has been done and all we're left with is the ground that all Herencia's high ambitions stand on......which are probably worth about 0.2p or perhaps half that if China goes belly up.No one is going to come charging in and pay a premium for a stock like Herencia.More likely to wait til the animal collapses of exhaustion in the Chilean desert and then prepare to pick over the bones.

Pip,pip and a happy Xmas to you all.Do you know that even if you'd been late to the party and bought Apple shares in 2007,you would still have seen your holding appreciate tenfold.Now,in our case,that'd take us back to where we were when Mr Sloan took over the reins.Win some,lose some!