Herencia Resources Share Discussion Threads

[leedskier] 08/12/2014 12:45

I am also in two miners, one silver, one copper, which are fully funded, one is already a producer but creating a new additional mine, the other is resuming production after completion of major mining equipment upgrade, both are trading for loose change. Viz AGQ & WTI.

That is the market!

Irrespective of the market, what are HER's plans to become a producer?

I then answered my own question.

[steeplejack] 08/12/2014 12:42

Good summation Smith99.What GS fails to recognise,is that no one has ever seriously doubted the potential of the Herencian projects.There very proximity to major Chilean producers always put the likes of Paguanta in the "probable" rather than the "possible"column.Yet neither institutional backing or finance has been readily forthcoming.If they can clobber Horizonte in this market,then Herencia has no chance.Look at the way that new producers like Patagonia are being hit,observe Ortac raising money at pitiful lows to confirm worst investor fears that these companies will milk private investors to the bitter end.Frankly I never saw it coming,that the junior explorers could pretty much mirror the junior tech crash which materialised in 2000/01 after the tech boom of the late twentieth century.Whist we all know that the key to good investment is an appreciation of cash flow,intermittently we choose to delude ourselves that this is just too exciting to miss with inevitable consequences.

[leedskier] 08/12/2014 12:40

Paguanta Project - Schedule and Funding Update


Herencia Resources plc ("Herencia" or "the Company"), the Chile-focussed mineral exploration and development company, announced on 31st May the positive results of the Feasibility Study at its flagship Paguanta zinc-silver project.

[stockready] 08/12/2014 12:38

MD

loooool

thanks for your message, everyone knows what sort of clown you are in EMED board

regarding your warnings!! funny your warning would have been valid if HER share price was going to opposite direction to what I predicted, but it is not!! you can't change the FACTS that people see!
go back and do a bit of reading and understand both HER and EMED then come here and spout your dummy, but before that your comments means nothing, because I produced 100's of post here which all of them valid and actually most of them come true!

people can see that, all there

looool
they don't need a clown like you to teach them how to read the FACTS, reflection of my past 18 months of warning here will tell the accurate story,

regarding the EMED, I post there when I want and as I want, you are truly so naïve to think me not posting there means something bad!! looool actually totally opposite, wait for the news which is hitting the board shortly!

lets the clown (including yourself) to sell up and move on

GL
lol
LMAO

[corbine] 08/12/2014 12:21

leed skier-which project are u referring to with the old rns- picasso?

[mds2028] 08/12/2014 12:18

SR I am here to save the people on this thread money, as you have spouted rubbish on the EMED thread for 18 months now and the share price is nearly half of that when you started ramping it.
My message is to all BB people is to take EXTREME care when listening to anything you write, you are extremely dangerous to peoples wealth!

Notice you have NOT posted on the EMED thread since all the posters have been filtering you or constantly reminding you of your failure to call anything accurately to date, other than implying knowledge that has not come to pass. Are you going to return as we are all enjoying ridiculing you LOL

To all poster on this BB please be VERY careful of this dangerous poster StockReady

[leedskier] 08/12/2014 11:45

This was in an RNS in June last year ...

Project Timeline

Based on the results of the Feasibility Study and previous work undertaken by the Company, the following timelines have been achieved or are being targeted:

• Feasibility Study completed and announced to the market Achieved
• Lodgement of Mine Permit Application (EIS) 2H 2013
• Underground Design Optimisation 3rdQtr2013
• Funding and Concentrate Off-take negotiations 2H2013 to 1H2014
• Ongoing Engineering/Infrastructure/Supply/Design Works 2H2013 to 2H2014
• Permitting Approval (estimated) 2H2014
• JV & Board Approval for Mine Development (Investment decision) 2H2014

The above timetable is provisional, subject to Board/JV approvals, receipt of permits & achievement of project milestones.

The Project schedule currently targets mine construction potentially commencing in the second half of 2014 with production commencing in 2015.

Funding Options

At the point that financing to develop the mine becomes necessary, there are a variety of funding options available to the company. Herencia will look at a mixture of these options, which could include: Silver Stream financing, negotiating an off-take agreement with a major partner, mezzanine finance, conventional debt or possible raising fresh equity from our shareholders.

It should be noted that Herencia's share of the Project funding will only be required once approval of the Project EIS is received from the regulatory agencies. At this stage we are expecting approval during 2H2014. The Directors of Herencia will consider all of the funding options outlined above, in an effort to minimise dilution as we move toward project development.

[leedskier] 08/12/2014 11:44

Has the company ever explained how it intends to transform from a very successful explorer into a producer?

[nevik2] 08/12/2014 11:41

Could be Lind's plan A.
Less than nine million shares traded, the mm's will hardly be making a lunch at the Pub dealing these.

[friendzarin] 08/12/2014 10:44

nevik
Be interesting to know what Lind's plan b is and whether they are involved in this.

[nevik2] 08/12/2014 10:34

Well wearing a Bikini isn't a good idea if the game is strip poker and you are holding a pair of two's and no money to bluff with.

[leedskier] 08/12/2014 10:20

Potential bidder`?

[steelwatch] 08/12/2014 10:07

corbs - getting to the point where a reverse stock split is inevitable. Question is when?

[corbine] 08/12/2014 09:31

haydock-plus supply/demand-shares- every time we get a good rns theres a seller lurking at all time lows stifling any upswing?
why? and who?
corbs

[haydock] 08/12/2014 09:20

It's a case of the old W. Buffett sayings.

The tide is going out very fast, on the CDN mkt small miners are drowning by the day.

When it goes out we will be able to see, which companies have any clothes left.
Her is in a bikini now, but will be able to run out of the water & get fully dressed, with a corking RNS like todays.

This project is more & more viable for next year & the costs are not high for a miner, even the oil price is a help.

All the ducks lining up here, one of the very few.

Mkt not interested yet, just look at the speed of the water going down the plug hole.
Hold on tight.