Herencia Resources Share Discussion Threads

[grant avish] 31/1/2015 18:51

Hello steelwatch and all,

I am a fairly new holder last few weeks,some excellent reading on this forum
and some good general information.I think this is a very good time to be in
Herencia and especially at these low levels,the signs are that the Jorc about
to be released will show some impressive figures and ahead of what could be
a really strong DFS.

Grant

[turbotrader2] 31/1/2015 18:36

Sure you don't know too much corbs?

[corbine] 31/1/2015 14:46

id like gs to release a precis on guams drill results from her drilling and then add the drill results in from ozmins drilling so we can see which areas are/are not mineralised/strike lines? grade and depth
:-)
there must be interest there for gs to be in discussion again with another party?
imo
re guam

[steelwatch] 31/1/2015 10:09

Scotiabank: Copper 'likely oversold'



"Patricia Mohr, Scotiabank economist and commodity specialist, points out that even today's price "yields a slight 10% profit margin over average world breakeven costs including depreciation" and that the red metal has likely been oversold.

Copper has likely been ‘over-sold’, given the fifth-highest imports into China on record in December, new fiscal stimulus by Beijing to spur the economy (speeding up spending on 300 infrastructure projects) and a planned 24% increase in capital spending by the State Electricity Grid (likely geared towards copper cable).

Mining companies have recently cut projected output for 2015 by 300,000 tonnes (Rio Tinto at Kennecott, BHP Billiton at Escondida and Glencore at Alumbrera), helping to trim an expected surplus this year to a modest 250,000 tonnes."

[corbine] 31/1/2015 10:02

stockers- re la serena- will cost the co-nothing-nada-zilch-and her get monies back-tiered as well as % royalties should serena ever get to production-what on earth is wrong with that? it ha d a book value of a few hundred k. yet i took its book value as zero as it had sat there for 10 years doing nothing. i thought it was a great move from herencia.
you also slated guam again as a zero- what? how many times- millions were spent by ozmin on geoteck/geophys and drilling. the results are now herencias to ADD TO previous drilling herencia di at guam-paulina and the 6 targets.

OZMIN only walked as they didnt find a billion dollar plus pcd- it di NOT mean there was not a resource worth harvesting over time. so her keep hold of guam and do talks with another potential jv- again so far no cost to herencia-smart move. there may well be a resource worth money in guam-lets see if a.n. other will take it up for a smaller resource with the additional drill data her now have.

keeping the focus on picasso of course.


thanks-corbs:-)

""He added the La Serena deal was an opportunity to deliver value from an asset that had been largely overlooked by the market.
“Not only will we receive cash and potentially participate in any upside through a net smelter royalty, we will also not incur any ongoing project expenditure,” the Herencia MD explained.
“I also believe accessing funding for exploration prospects in this market will remain challenging and this is agreement is a way to provide value for shareholders now and also the future should they become production centres."

[steeplejack] 31/1/2015 00:10

Corby, I fear you unduly "press"yourself to ameliorate stockreadyWith apologies,couldn't resist it!Steeps....

[corbine] 30/1/2015 19:39

stockers-calm down- how would you have dealt with la serena?
let me know what terms you would be agreeable to?
thanks

[stockready] 30/1/2015 19:36

turbo

why should I shut up?
are you upset of seeing facts?
are you in denial?

GS should shut up with all these utter BS RNS's , what values have been added today? tell me?

we give away an asset as a charity and in 3 years time we get paid for it, is this wonderful in your opinion?

petty short term cash paid to cover GS salary and for him to put in back to BS drilling somewhere else, these doesn't cover Picachos finance, nor he has any idea how to find the investor for that...

so you shut up and then tell GS to shut up with all these utter BS comedy he try to feed us as the expenses of damage to shareholders money....

[stockready] 30/1/2015 19:29

Corbin

I can't take out GS out of the equation, because he is the one who has made this equation to fail, to not equal to profit, taking him out I don't mind, but providing he really pack it up and move ...then we might stand a chance to see 1p one day, and believe me that is possible without GS in charge.

I tried to help him when the share price was at 3p ish, if he had that meeting with me he would have benefited more than I would have, but then he got big headed and decide to go alone with it and so we see the mess we are in today...

delays followed, bad deal followed (Lind) , share price dived , Oz left, Guam turned into no goer, and suddenly the asset which I shouted more 2 years ago (Picachos) become the MAIN FOCOS of HER, I told him this 2 years ago that we should be focusing on Picachos, a year ago I said what are we waiting for, then delays, then waiting, then more delays, then he ran out option and gone round the BIG CIRCLE to come to the same conclusion which I highlighted 2 years ago


yes I love to take GS out of the equation and out of HER

then we might stand a chance

[turbotrader2] 30/1/2015 19:02

Oh shut up

[stockready] 30/1/2015 18:42

corbin, thanks for the comments, but are you now trying to scare off people from this thread :-)?
this is equally another view from some of the experience and genuine investor and people specially new pi's are welcome to post here and exchange views....

I still strongly believe in what I posted here, I love to see HER to be a success story and more than anyone you know that well, but Corbin under GS we will not have the prospect we deserve, and share price today say it all.
from high 4p to low 0.2p I have seen this journey on every single day and followed every single RNS and performances of GS, and so glad my past posts are the witness of my views about this stock and about this company and you know so well I was truly spot on regarding many of my objections....

when the credit is due I have always given it, but soon I realise sadly GS is not the man to deliver this project, it is not his fault despite all good intentions but he simply not capable and today deal speaks for itself.

there is absolutely no value added today, nor any values being added in the past 2-3 years, and so much fantastic opportunities missed, delays and laid back approach, hit this share so heavy and so hardly, lets not blame it all on global economies and metal values, someone here needs to take up the responsibility and be accounted for the utter BS performances of this company, who would answer ?
who would care?

[grant avish] 30/1/2015 17:32

cheers corbine i may see you over there :-)

[corbine] 30/1/2015 17:28

HI Grant-there is another advfn there which you may want to say hello to. Many experienced posters over there, run by steely steelwatch for at least 5 years. Many of us have suffered the pain stockready shouts about from 0.0029 from 2009 to 4p briefly on 24 dec 2010 back to todays misely mcap.
just type her into little box next to epic above here (apols for suck eggs)
gl with your strat.
:-)

[grant avish] 30/1/2015 17:19

corbine yes im a newish holder for last few weeks and im always nice :-) so
no need to worry ! Really liking how this is shaping up now and in my own
opinion i think Herencia is looking one of the best junior plays at moment.

[corbine] 30/1/2015 17:11

Blimey we have fresh posters :-)))))
Be nice to stockers please he shares the pain many have felt since the jap tsunami days :-(

[grant avish] 30/1/2015 16:44

Just seen there was a 10.5 million buy just before close,it seems they have
been holding this back all day for that trade at mates rates.Also their own
broker WIRE have been keeping the ask back all day so something significant
is going on aside from that excellent asset sale today for them to hold it
back on a very good news day.I will be adding more early next week!

[corbine] 30/1/2015 16:31

well its about that time? as per brr the main news is only days away? if not hours re maiden jorc-n feaso around end of quarter?
:-)
seem to have held well at around the .002p levels for a while.
whats the odds on the maiden-initial jorc (before proving up further) is good enough to warrant the interest here?
after all-those copper grades are impressive throughout are they not?
:-)

[turbotrader2] 30/1/2015 16:18

Cheeky little buy

[grant avish] 30/1/2015 16:13

corbine it was great news here today and i would not be suprised if they have
a JV announcement early next week.Maybe connected to the asset buyer today IMO

[corbine] 30/1/2015 14:16

stockers -people move as a herd with the risk on /off -the days of long investments maybe over for many with day trading level 2 etc being more and more the norm. i suspect investors per se are unique with juniors rather than the norm years and years ago -its getting peoplem on board at historic lows and coiled mcaps is the issue.

[turbotrader2] 30/1/2015 14:14

Blue again soon?

[corbine] 30/1/2015 14:14

small pis may well be blind stockers but its eithe risk on or risk off with juniors and since 2011 its been risk off as per the 95% aim/tsx/asx juniors slaughtered.
the big cos arent spending that much on new resources, so there will be a catch up over coming years-the interim is the tier ones will try and grab good prospects on the cheap-her needs to get production at picasso asap and gs said today-still on target and feaso is moving along