Herencia Resources Share Discussion Threads

[turbotrader2] 14/2/2015 09:31

I've slept on this overnight and it does concern me that GS said by end of jan and now mentions holiday in chile?

[steelwatch] 14/2/2015 09:14

steeps - as I have posted before, though not having tried it, Spreadex appears to offer trading on HER, so your assertion that it can't be shorted doesn't stand up imho

[steeplejack] 14/2/2015 08:57

F)......the reason that I'm sceptical of shorting as an explanation for a weakening share price is because of logistics.Given that Herencia has a market cap of around £7m,spread betting and CFD operators are unwilling to facilitate shorting in such an illiquid market,small cap market.Some years ago,when Cambrian mining were finally recovering(ultimately to be taken over by Western)I wished to buy some Cambrian CFDs.City Index informed me that they didn't make CFD markets in companies with a market cap of under £50m.I found this irritating of course but understandable.Look at Herencia,it could halve or double in a wink of an eye and no spreadbetter or CFD facilitator is going to want to expose themselves to that sort of risk in my experience,it's simply not worth it.This is even more the case nowadays since Goverment regulation has seen a contraction of proprietary activity at investment banks.The enemy is not shorters,the enemy is ourselves,less than confident after years of underperformance!Having Merchant of Venice types like Lind ,further drains confidence.

[nevik2] 13/2/2015 16:24

Regardless of how the day ends, it does feel like its changing here doesn't it?
We have that big gap to fill to .004 as well. 1p and more doesn't look so impossible now.

[friendzarin] 13/2/2015 16:12

s j

I wasn't 'proffering an explanation' as you put it. I am sure re this news some 'current investors ' not stale bulls...(can I bellow on behalf of others at this stage) have this as a binary based on what this news could have meant. Funding and Lind's actions post 17th Feb are still major factors hanging over this as we all know.Good luck to all anyway.

[nevik2] 13/2/2015 16:01

Can we stay blue for another 30 mins?

[nevik2] 13/2/2015 15:58

Something will snap, probably me.

[turbotrader2] 13/2/2015 15:54

So there we areWaste of time

[martyn9] 13/2/2015 15:53

Yes it does'nt pay to get too optomistic with this,but christ it surely must give at some point!!

[nevik2] 13/2/2015 15:49

Silly me just thought it might see .003, I should know better by now.5 mins in a room alone with the shortsighted seller, please.

[turbotrader2] 13/2/2015 15:45

Sick of thisBet it finishes FLAT again!!!!!!!!

[steeplejack] 13/2/2015 15:42

I don't know why there is preoccupation with "shorts".Its like the proverbial bogey man explanation for all ills.Its not shorting that has pummelled these junior resource stocks,it's risk averse sentiment against a backcloth of falling commodity prices plus an absence of readily available finance.Throw in the dismantling of proprietary book activity in the face of over regulation by Governments,concerns over slowing Chinese economic growth plus a battalion of stale bull private client shareholders and I don't think it's necessary to proffer "shorting" as an explanation for price weakness!!With recent news,this rise might just hold but thereagain the placing price was 0.3p and,of course,there's dear old Lind to consider.

[friendzarin] 13/2/2015 15:29

Some shorts closing ?

[stockready] 13/2/2015 15:28

manipulations written all over this rise!

what else do we have!
we have nothing but delays, and GS words! which means ZILCH to me

[stockready] 13/2/2015 15:26

makes me laugh how mm playing this YET AGAIN loool
and some people think the RNS was something good
it was disaster, we can't afford no delay here, GS doesn't have clue!

[martyn9] 13/2/2015 15:25

Nice if this rise held,change of fortune at last?

[nevik2] 13/2/2015 15:21

turbo I don't suppose they thought it would make any difference. A good rns usually means red finish.

[stockready] 13/2/2015 15:21

turbo

yes you are right, I am convince now GS is what you just referred to! Mr D

go and read the RNS, understand the technical and come here and tell me how on earth he is going to achieve production this year with jorc coming end of March!
shortly !! what does that means?

the guy lost it totally,

[stockready] 13/2/2015 15:10

HOW DARE he is to tell us this line:

the Resource work has taken a bit longer than expected, given the traditional summer holiday season in Chile, but it is now close to completion and on track to be delivered this quarter.

......................

summer holiday season! loooooool
looooooool

so basically he wasn't aware of this before suddenly he realise it is a summer holiday season!!!!!

he is a master of BS excuses.. but doesn't stick with me...

2-3 weeks ago he was so confidant JORC will be delivered shortly (end of January/first week of Feb) now is another delay and he blamed on summer HOLIDAY, what a loads of utter BS he just feed to the market ./ yes again!!

THEN secondly how dare this guy is to say THIS QUARTER suddenly!

doesn't he realise without JORC he can't do finance, can't do cost analysis, he can't do any other planning, is he out of his mind,,

THIS MEANS JORC COULD come END OF MARCH!!!

Is this guy truly fit to run this company with this level of ridicules RNS's...?

missed deadlines....and still no APOLOGY, no nothing, even NO SHAME!!

he just ruined this company by this single RNS, and some of you may not even notice it, this means DELAYS there is no way now he can make picachos happen this year, no way

[turbotrader2] 13/2/2015 15:08

Think this is it guys

[turbotrader2] 13/2/2015 15:07

Here we go