Herencia Resources Share Price (HER)

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Share Name Share Symbol Market Type Share ISIN Share Description
Herencia Resources Plc LSE:HER London Ordinary Share GB00B069DV22 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.02 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.20 -0.01 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.02 GBX
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Date Time Title Posts
07/2/202210:28Herencia Resources - 201241
01/2/202109:49HERENCIA RESOURCES - Polymetallic Mining Play in Chile9,562
19/2/201914:44Herencia Resources plc (epic HER)5,845
21/8/201716:50Even Awesomer Thread1
21/6/201708:29Youtube!1

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27/6/2022
09:20		Herencia Resources Daily Update: Herencia Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker HER. The last closing price for Herencia Resources was 0.02p.
Herencia Resources Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 11,055,737,793 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Herencia Resources Plc is £2,211,147.56.
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27/12/2020
23:37		thrgef: No, it will relaunch with a new project and massive share consolidation imho. "Herencia will focus its business development efforts on other opportunities in the Americas and Australia and will be inactive in Chile" Question is when????
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08/12/2019
21:03		alasparavolar: Price of copper going up.
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08/12/2019
20:11		thrgef: Yes, 1000 to 1 consolidation with new shares allocated on Weds. Will be interesting to see the share price - I feel there must be some new news in the offering as well, otherwise the price decline and the share dilution will happen all over again
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27/11/2019
18:21		martyn9: Consolidation of shares to be proposed at the egm, 1000 shares held to convert to 1 share!!!
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24/2/2019
13:49		skiboy10: Kavango’s Mike Moles on how firm’s new tech could mark a ‘major step forward’ in Botswana (KAV) Kavango Resources (LSE:KAV) rose 1.9p on Monday after revealing the imminent launch of its next phase of airborne electromagnetic (AEM) surveying over Botswana’s Kalahari Suture Zone (KSZ). Importantly, the company also revealed that it has contracted a high-power new technology to carry out the work. It expects this to ramp up the speed at which it can highlight potential copper, nickel, and PGE mineralisation in the area dramatically. Speaking exclusively to MiningMaven, Kavango’s exploration director Mike Moles told us the significance of this development and how it could help the company in its quest to identify Norilsk-like mineralisation at the KSZ. Surveying targets In Monday’s update, Kavango announced that it has now mobilised the second phase of its AEM survey. The work is being carried out over the business’s 15 prospecting licences in Southwest Botswana. Much of this sits on the KSZ, which is a highly-prospective, 450km2-long magnetic anomaly. Kavango hopes to identify massive sulphide orebodies containing vast amounts of nickel, copper, and platinum group elements beneath the KSZ’s surface. Mining consultant MSA Group has backed the potential presence of these deposits on the KSZ, which was first explored in the 1980s and 1990s. Meanwhile, Kavango has suggested that the area has a similar geological setting to the giant Norilsk copper/nickel deposits in Siberia. The airborne EM survey is the first stage in the company’s efforts to identify these sulphide orebodies. It detects and prioritises potential locations for these deposits, which Kavango can then follow up with more detailed groundwork and drilling. Flying for the second phase of the survey is expected to begin later this month, with the first phase completing at the end of last year. It will take between four to six weeks to complete and will cover up to 2,062 line-kilometres in the Hukunstsi area of Botswana. The highlight of Monday’s announcement was the news that Kavango has contracted the services of a leading airborne geophysical survey player called SkyTEM for its latest phase of work. SkyTEM offers a ground-breaking, high-power surveying system that has been optimised to reach a depth of up to 300m below the earth’s crust. It reaches these depths by using a high current and low base frequency of 12.5hz. According to Kavango, the technology has not been used in Africa before and is more effective than the older systems currently on the market. Increasing efficiency Moles tells us the technology will allow Kavango to investigate for orebodies at a much deeper level and with higher resolution than it was able to in the first phase of its survey. The company identified 26 conductive anomalies over 2,000 line-km of the KSZ project during this stage of work. However, the technology used did not penetrate deep enough beneath the surface. As such Kavango was unable to tell which anomalies were low priority near-surface conductors like clays and shales and which went much deeper. In layman’s terms, the deeper an anomaly is, the more likely to be prospective for mineralisation. This makes it a higher priority drilling target for Kavango. As such, the firm was forced to carry out groundwork on all 26 targets to determine whether they were worth following up. Moles tells us this was a difficult task that took longer than expected to complete. He believes the new technology will make it much easier for Kavango to differentiate between the two types of anomalies. ‘We will immediately be able to see which conductors have a depth component to them and represent high priority targets. Likewise, it will be much easier for the business to identify and ignore those surficial conductors that are very often just clays and other conductive materials that lie within the first 50-60m below the surface,’ he told us. ‘The technology we contracted in Phase One used a much higher frequency and was not getting deep enough to differentiate between the shallow and deep targets. If we had SkyTEM’s technology back in September when we launched the campaign, we could have reduced the number of conductors worth following up from 26 to about six or seven straight away. Using our new approach, we should be to turn over these conductors much more quickly in Phase Two.’ To assess the effectiveness of SkyTEMS’ technology, Moles told us that Kavango also plans to run lines over some of the areas it surveyed in Phase One and compare results. However, he tells us he is already very confident that the results will be positive: ‘We are confident that this new technique will work. A huge amount of test work has been completed in the past to demonstrate its effectiveness. We think it will represent major step forward in our exploration strategy.’ If Moles’ confidence translates into results this could prove to be highly significant for £2.5m valued Kavango. Since listing last summer the company’s story hasn’t attracted a great deal of attention, despite the progress it has made on the ground. Exploration plays can be extremely racey stocks and with the size of target Kavango is going for, the deployment of the new technology could give it just the edge it needs. Author: Daniel Flynn The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece. The Author has not been paid to produce this piece by the company or companies mentioned above. Catalyst Information Systems Ltd, the owner of MiningMaven.com, has not been paid for the production of this piece by the company or companies mentioned above. MiningMaven.com and Catalyst Information Systems Ltd are not responsible for its content or accuracy and do not share the views of the author. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance Published in: Blog, on: 22 January 2019 https://miningmaven.com/blog/707-kavango-s-mike-moles-on-how-firm-s-new-tech-could-mark-a-major-step-forward-in-botswana-kav
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23/7/2018
17:12		excellance: Refinanced, new directors, bad eggs removed from the team... HER still pursuing copper assets but the Base metals markets are dire at the moment...if only they could accidentally discover a bit of gold! What hope has this newly reshaped company got now?
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25/10/2017
08:32		steeplejack: Never ceases to amaze.The two biggest loss makers throwing more money into the fire.The reason the shares are going up is because of the conversion terms ie 0.12p.This supports the current price or should I say,it supports the current majority holdings of Lind and Darius.It's clever.Got to hand it to them,they're fighting on,keeping the animal alive.The Convertible Security has the same conditions as announced on 5(th) April 2016. Herencia (AIM: HER) announces that Lind Partners and Darius may each exercise its right to convert US$150,000 of convertible loan notes into shares at an exercise price of GBP0.0012 ("Conversion") or some 4 times higher than the current share price. Pursuant to the Conversion, new ordinary shares of 0.12p each ("Ordinary Shares"), will be admitted to trading on AIM.
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10/3/2017
13:56		kingston78: I would like to make a general statement based on my experience. A share will rise if the company consistently makes profit and pays a decent dividend. There is more certainty, and this applies to more mature larger companies. As regards small companies, unless they have superior products or services, coupled with good management, they will usually go nowhere and will not be recognised. A change of management and / or major investor may change investors' perception. If HER had been that good its share price would not have been so low for so long. The recent announcement of a US$50,000 loan hyped up imagination and the share price multiplied. Thinking about it in the cold light, what can US$50,000 do? Even US$1 million is little in today's commercial world. Market makers were caught short as buyers came in. Market makers normally are unwilling to trade in small companies in any quantity. But when demand rises, so will the share price, being squeezed. The reverse is also true and when it falls it will fall very quickly. A 50% retrace or more is common.
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03/8/2016
15:58		fenseal3: Peeps should read this carefully, this is a recovery stock in the making, this is worth MC 1.2m...assets out strip that so any thing from here you will make money, check out the RNS again. Herencia Resources PLC 27 July 2016 Herencia Resources plc ("Herencia" or "the Company") Herencia Completes Paguanta Sale Summary Ø The Company has executed a formal purchase agreement ("Agreement") with Golden Rim Resources Limited ("GMR") for the sale of its 70% ownership in the Paguanta zinc, silver and lead Project in northern Chile. Ø As previously announced (see the announcement dated 10 May 2016), the total consideration is US$2.3 million in cash and GMR equity, and GMR agreeing to pay up to US$2.1 million (approximately GBP1.5 million) towards various contingent liabilities. Ø To-date GMR has paid Herencia a total of US$0.227 million, being US$0.127 million upon execution of the initial conditional term sheet and US$0.1 million upon execution of formal documentation (as set out in the announcement dated 15 June 2016). Ø The consideration will be paid in tranches, with: o US$0.8 million paid today; o US$0.413 million to be paid within 30 days of execution of the Agreement, subject to the payment of specified creditors; and o US$0.05 million to be paid within 60 days of execution of the Agreement, Ø A final amount US$0.8 million in GMR equity in the event that a decision to mine is made at Paguanta. Ø GMR will pay all taxes associated with the transaction not to exceed US$0.05 million. Ø Golden Rim Resources Limited is a public company quoted on the Australian Securities Exchange ("ASX"). Herencia Resources plc (AIM: HER) is pleased to announce that it has completed the sale of its 70% equity in the Paguanta Project. On 10 May 2016, the Company announced they had entered into a transaction ("Proposed Transaction") with Golden Rim Resources (ASX: GMR) under which the Company would sell all of the issued shares in Paguanta Resources (Chile) SA ("PRC"), a wholly owned subsidiary of Herencia to GMR. PRC holds 70% of the shares in Compania Minera Paguanta S.A. ("CMP") which holds mineral concessions at the Paguanta silver-lead-zinc-copper project in northern Chile. Completion under the Proposed Transaction was due to take place prior to 4 July 2016, however due to delays with the flow of information; the parties agreed to extend the date of completion to no later than 29 July 2016. On 15 June 2016, the Company made a further announcement with the execution of formal documentation following which GMR provided Herencia with the second tranche of the deposit, totalling US$0.1 million. Transaction Details As previously announced (-see announcement dated 10 May 2016), the total consideration for the sale of the Paguanta Project is US$2.3 million, with GMR agreeing to pay up to an additional US$2.1 million (approximately GBP1.5 million) towards various contingent liabilities. The US$2.3 million is payable in $1.5 million cash and a total of US$0.8 million in fully paid ordinary GMR shares (Shares) to Herencia at an issue price equal to the 20 day volume weighted average price, in the event a decision to mine is made at Paguanta. The cash consideration under the transaction is payable in instalments and at the signing of the Agreement, Golden Rim has paid a total of US$1.027 million (including the two deposits previously paid). Prior to the next instalment of US$0.423 million, payable within 30 days of execution of the Agreement, all outstanding creditors in PRC and CMP are required to be paid. A final amount of US$0.05 million is payable within 60 days of execution of the Agreement. The Directors believe these funds will be sufficient to satisfy the Company's working capital requirements for the foreseeable future and these funds will be used to repay creditors, to advance the Company's remaining assets and for working capital purposes. Further updates will be provided in due course. A full outline of the transaction terms and disclosures relating to this transaction were detailed in the announcement dated 10 May 2016. Managing Director, Graeme Sloan, commented: "The sale of Paguanta is an important step forward for the Company given our requirements for funds and our need to focus 100% focus on our Picachos copper project in central Chile. Even though the Board believes the Paguanta Project has a great deal of upside, they also believed that the decision to divest of Paguanta at this time is the right one for shareholders. Over the past few weeks, the price of copper has improved and markets in general appear a little more open to investing in resource stocks, although still very challenging at the moment. The Picachos Project has enormous potential as demonstrated in our two drilling campaigns and surface and underground geological work completed to date. Given this, our aim is to continue negotiations with parties around our Picachos project whilst developing a feasible production strategy to meet current market conditions and commodity prices. Finally, on behalf of all Herencia shareholders we wish Golden Rim Resources every success with Paguanta and if an opportunity should present itself we would look forward to working with them in the future". About Herencia Herencia Resources plc, is an AIM quoted exploration and development company operating in Chile. In addition to the Picachos Copper Project, the Company also has the Guamanga Copper Project. The Company's corporate office is located in Perth and the main technical and management office is located in Santiago, Chile where it has been operating for over eight years. About Paguanta Paguanta is located in the north of Chile approximately 190 kilometres north-east of the coastal city of Iquique and 30 kilometres west of the Chile-Bolivia border. It is on the north end of the Oligocene Porphyry Copper Belt of Chile that includes the world class deposits of Escondida, Chuquicamata, Collahuasi and Cerro Colorado. Cerro Colorado is a large operating copper mine, operated by BHP Billiton, and is located approximately 35 kilometres south of Paguanta.
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10/5/2016
07:38		cpap man: Herencia Resources plc ("Herencia" or "the Company") Herencia Receives Offer For Paguanta Conditional Term Sheet Executed Working Capital and Operational Update Summary Ø The Company has executed a conditional Term Sheet ("Term Sheet" or "Agreement") with Golden Rim Resources Limited ("GMR") for the sale of its 70% ownership in the Paguanta zinc, silver and lead Project in northern Chile. Ø Consideration of up to US$2.3 million in cash and GMR equity, and GMR agreeing to pay up to US$2.1m towards various contingent liabilities. Ø GMR provides US$120,000 to Herencia, following signing of the Term Sheet and a further US$100,000 is payable upon execution of formal agreement. Ø Golden Rim Resources Limited is a public Company quoted on the ASX. Ø The Agreement is subject to execution of legally binding agreements, shareholder approval, a successful due diligence ("DD") and several condition precedents ("CP's") Ø The parties have agreed to negotiate in good faith and, if it is to proceed, are required to execute a formal agreement within 28 days. The following provides an update to shareholders on details of the GMR offer and current activities being undertaken by the Company. Offer for Herencia's Paguanta Project (70%) The Company is pleased to announce that it has signed a conditional Term Sheet with Golden Rim Resources Limited ("GMR"), a public company listed on the Australian Securities Exchange (ASX), to acquire Herencia's subsidiary Paguanta Resources (Chile) SA ("PRC"). PRC holds 70% of Compania Minera Paguanta S.A. ("CMP") which, in turn, wholly owns the Paguanta Project. The Agreement is conditional upon several condition precedents ("CPs") including successful due diligence ("DD") by GMR, and both parties obtaining all necessary consents and approvals. It is agreed that the parties will negotiate in good faith to enter into a formal agreements within 28 days (or such later date as may be agreed by the parties in writing), otherwise the agreement will terminate. The Directors believe that this proposal represents a positive development for the Company, and assuming the transaction proceeds, it intends to use the proceeds from the disposal to assist with development work on the Company's existing projects; for working capital purposes and to assess current and new opportunities for the Company. Paguanta does not represent all or substantially all of Herencia's Chilean activities or assets. PRC has no profit or turnover, and Paguanta has a current book value of £12.3m (as at 30 June 2015) although the directors believe the actual value to be higher. The transaction as proposed is viewed as a fundamental change of business pursuant to AIM Rule 15 and accordingly is conditional on the consent of shareholders being given in a general meeting of the Company. A circular containing, inter alia, details of the proposed disposal and convening a general meeting of shareholders of the Company will be dispatched shortly, and a further announcement will be made at that time. The Agreement will include an exclusivity period of 28 days (unless extended by the parties) for which Herencia will immediately receive a deposit of US$120,000 (Tranche 1) and a further US$100,000 (Tranche 2) on signing the formal Agreement, further details below. Consideration and Additional Terms The key terms of the transaction, subject to the CPs, are as follows: · The consideration for the sale and purchase of the PRC Shares, being shares in PRC representing 100% of the total issued capital of PRC, being free of any encumbrance. o A cash consideration of US$1.5 million; o GMR will pay all taxes associated with the transaction not to exceed US$50,000. · GMR will agree to pay up to US$2.1 million towards certain contingent liabilities. · In addition, GMR will agree to issue (subject to obtaining all necessary approvals including shareholder approval) US$800,000 worth of fully paid ordinary shares issued in the capital of GMR (Shares) at a 20-Day VWAP upon GMR in the event a "decision to mine" is made at the Paguanta Project is made within 5 years from completion of the transaction. If a "decision to mine" is not made within 5 years from the date of Completion, the Share Consideration will not be payable. At this time, should the GMR shares be issued, the Company would look to retain this equity in GMR. A decision to mine is defined as "resolving to commence commercial mining operations over any of the area that is currently comprised of the Paguanta Concessions". From the execution of the Term Sheet, until the earlier of execution of the formal agreements or 28 days following, Herencia will provide GMR an exclusivity period where it will not look to entertain offers from other parties for the Paguanta project. In consideration for the exclusivity period, GMR will immediately agree to pay Herecnia a US$220,000 deposit, payable as follows: (a) US$120,000 payable immediately (Tranche 1 Deposit); and (b) US$100,000 upon execution of the formal agreement (Tranche 2 Deposit). The Tranche 1 Deposit is only refundable to GMR if the proposed transaction is not completed for any reason other than as a result of the GMR Conditions not being satisfied or waived (for example, if Herencia withdraws from the transaction). However, the Directors are not aware of any reason why the Tranche 1 Deposit would need to be refunded. The Tranche 2 Deposit is refundable to GMR if the proposed transaction is not completed for any reason other than as a result of the DD being unsuccessful or GMR Board approval is not forthcoming. The CPs to completion of the proposed transaction will be set out in the formal agreements. It is proposed that the transaction will be subject to a number of CPs, including the following material CPs: (a) GMR completing all commercial, operating, technical, taxation, legal and other due diligence to its satisfaction in its sole and absolute discretion; (b) GMR obtaining all necessary approvals (including shareholder approvals) under the Corporations Act 2001(Cth) and/or the ASX Listing Rules for the transaction; (c) the receipt of GMR board approval for the transaction; and (d) other conditions customary for a transaction of this nature, There can be no guarantee at this stage, that any transaction will complete. Operational Update Whilst the Paguanta due diligence and GMR-Herencia negotiations are underway, all work programs have been either halted or curtailed including some ongoing work at Picachos and Pastizal. The Company is also continuing its comprehensive cost reduction program to ensure maximum use of incoming funds. The following is a brief update on some of the key operational matters: Picachos Option Payment and Working Capital Update As part of the Company's cost management program, the Company has renegotiated payment terms for the Picachos option payment now due. A US$290,000 option payment now due on the Picachos Licence will be paid in two tranches, Tranche 1 of US$175k has been paid today and a further US$115k (Tranche 2) to be paid in approximately 3 weeks. Tranche 2 payment is subject to the new Picachos Option payment terms being ratified by the court notary. A further announcement will be made shortly to advise shareholders of the new agreement being ratified along with the new terms. With the revised Picachos Option payment schedule and Tranche 1 Deposit from GMR the Directors believe that the Company will have sufficient working capital to last until approximately the end of May 2016. There can be no guarantee that the Company will be able to continue to trade after that time. If the Tranche 2 Deposit from GMR is drawn down, the Company will have sufficient working capital to last until approximately the middle of June 2016. Further updates will be provided in due course. The Company continues to explore other funding options and is currently in discussions with a number of other parties. Managing Director, Graeme Sloan, commented: "The Paguanta Project has been with the Company a long time and although we believe in the project and a zinc price revival, the timing of this revival continues to frustrate the Company and given our requirement for funds and focus on Picachos, the Board felt that the decision to divest of Paguanta at this time is the right one for shareholders". Golden Rim Resources are a well-regarded ASX listed exploration and development company who are fully funded and will look to extract full value from the Paguanta project. We look forward to the successful completion of this transaction and progressing our other assets". About Herencia Herencia Resources plc, is an AIM quoted exploration and development company operating in Chile. In addition to the Picachos Copper Project, the Company also has the Guamanga Copper Project and the 70% owned Paguanta Project, a high grade silver-zinc-lead project located in northern Chile. The Company's corporate office is located in Perth and the main technical and management office is located in Santiago, Chile where it has been operating for over eight years. About Paguanta Paguanta is located in the north of Chile approximately 190 kilometres north-east of the coastal city of Iquique and 30 kilometres west of the Chile-Bolivia border. It is on the north end of the Oligocene Porphyry Copper Belt of Chile that includes the world class deposits of Escondida, Chuquicamata, Collahuasi and Cerro Colorado. Cerro Colorado is a large operating copper mine, operated by BHP Billiton, and is located approximately 35 kilometres south of Paguanta.
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