Herencia Resources Share Discussion Threads

[nevik2] 03/2/2015 16:45

If the share price was now say 1.5p would you be saying what you say. I can't see where GS has had any control over the share price
It's been hammered mercilessly over a long period. Things that should of added value have knocked percent off rather than on.
The company is moving forward, other than money turning up out of the blue, I can't see GS can do much more than he is. I suspect imho that someone wants this company cheaply. Even in todays market the company is worth more than the share price says it is, that is not GS fault, thats crooked AIM.

[nevik2] 03/2/2015 12:22

If we had some volume here the seller effect would be lessened, but we don't. All we have is a few that pile in at the bottom to sell on the news. One thing for sure they are making more out of HER than I am.

[corbine] 03/2/2015 12:09

whoever the sellor has been needs to take a few months off!! :-) otherwise theyll keep stifling the potential upswing over the coming hugely important months ahead. we have a chance to rise above the historic lows share price wise.

[steelwatch] 03/2/2015 11:54

free stock charts from uk.advfn.com

[nevik2] 03/2/2015 10:55

The trouble with our cloud is we do have a thin bit coming up and we are now above it!
And Chikou span is not above the cloud, stuck amongst the price, so not a complete negative and every positive has to start somewhere, just a bit early to get excited yet, especially with HER. More positive than negative looking all the same.

[haydock] 03/2/2015 09:40

Yesterday I listened on ADVFN to Zak Mir.

No great fan, but he happened to be describing a days trading on the chart,with a candle for another company he was tipping.

It looks like a big totally solid candle.

He put very great store by this feature, saying how it was classically significant.

Well as I expected we went through the cloud yesterday, & guess what?

It is an identical candle.
DYOR.

[steeplejack] 02/2/2015 23:13

Well ....;)..no success in the junior resources recently!My ISAs don't stray into such high beta rapids,so you'll be relieved to know that I've had success in Shire,BT and the like but what I describe as my UK trading fund was involved in the equivalent of an AIM train crash last year.

The AIM market has actually been progressively abandoned by proprietary books over the last few years.The Government regulatory game both sides of the Atlantic has "risked" the likes of AIM while relatively enhancing the "blue- chipping" of government bonds as capital backing in the new security conscious world of modern banking.Private clients in the AIM market are,for the greater part,on their own now.It was prop funds that helped to drive the likes of Herencia to 4p odd.Now prop funds have no incentive to dabble in the likes of Herencia, negligible value is attached by the Government to such holdings when they undertake their financial stress tests,so why would small brokers wish to make more than a nominal market in the shares.That's why I dismiss suggestions that these stocks are being shorted.It's simple disinterest that has done for the majority of these shares.There have been extraordinary factors that have exacerbated the decline in junior resource stocks over and above the bursting of the commodities bubble.Factors that have sent these companies to ridiculous valuations.The AIM market isn't fit for purpose for the majority of those listed and there's no shortage of junior resources CEOs who will concur.The AIM market index is lower today than at its inception some decades ago.It's been a total disaster.

It's difficult not to suspect that there are numerous junior miners that are now at such a discount to asset value that they will attract private equity funds ( enter the likes of B&A) and in due course the takeover interest of larger miners.Actually,it's inevitable barring Armageddon....


....or perhaps a real revival of fortunes will be triggered by Armageddon!

[grant avish] 02/2/2015 19:35

Well that was an interesting day here,it does seem some good news is in
the air regarding the Jorc.

[nevik2] 02/2/2015 18:08

steeps have managed to pick any winners? :-)

[stockready] 02/2/2015 15:53

The only way GS would achieve his finance for Picachos is to involve other projects, so I hope Pagaunta would be the one he is thinking and not Gua!

with this guy you never know!

[stockready] 02/2/2015 15:50

I am just waiting for the next RNS (this week) and see how GS going to hype up the final results of picachos, then what?

soon comes to question of finance and building! please don't ever tell me he is going to delay it or mix Gua with Picachos over some sort of JV deal! I bet that is what he is planning, a big mistake if we go back to Guamanga!
under any deal is a mistake because it would involve a risks and costs for us which at this stage we can't afford,

we should ONLY stick with Picachos and Zinc-Silver-Lead Pagaunta! anything else we will regret it badly

IMHO
GLA

[steeplejack] 02/2/2015 15:25

There's obviously expectations on the the Picachos feasibility front and the funding benefits to be derived from the sale of La Serena to explain today's jump in price.However,I think there's more to it than that.La Serena (as the company was keen to point out)was sold for some ten times book value.(Perhaps discounting that premium for the delayed receipts of monies might reduce that premium to book to perhaps 8 times but nonetheless a significant premium to book).Now,if you extrapolated that premium to the whole of Herencia ie Paguanta,La Guamanga plus bits,a similar multiple to book would imply well over 1p a share for the whole group.This is back of the envelope stuff of course.However,better to give credence to what a professional outfit (managing private money)like B&A will pay for assets and ignore what small time junior resource market makers will quote,as indicative as to what Herencia is truly worth.There's precious little money for MMs to make in junior resource stocks,they just want to keep their heads down.Yet for private groups like B&A,one suspects there's a killing to be made.

Something is worth what someone's prepared to pay for it but if the price paid for La Serena by B&A is anything to go by,Herencia is ridiculously undervalued on asset criteria.

PS...I'd throw Horizonte and Condor Gold into the same basket.Oddly,shares I also hold !

[wezzo] 02/2/2015 14:22

does anyone use selftrade.if so are you having any problems dealing.could not get through to customer services by any means

[nevik2] 02/2/2015 13:53

It might of had a bigger rise today, if Afren wasn't taking all the cash!!

[falia] 02/2/2015 13:51

NEWS TOMORROW ,WATCH IT RISE

[nevik2] 02/2/2015 11:18

I just tried a dummy sale, easy enough to sell at the moment. Usually when we get a rise getting a quote to sell any is nearly impossible.So someone still thinks there are punters out there willing to buy.

[nevik2] 02/2/2015 10:58

I think the team are doing a decent job with markets as they are.

[webster34] 02/2/2015 10:56

Longer term HER has good prospects

[noirua] 02/2/2015 10:43

HERENCIA RESOURCES - Herencia Resources - To sell La Serena project for up to US$4 million - BRR Media webcast

[nevik2] 02/2/2015 10:23

Difficult to see what will stop it if we don't attract some lth.

[martyn9] 02/2/2015 10:13

I'm afraid this looks to be the usual pump and dump game going on!! i hope i'm wrong though.