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I think a funding package would have been sorted by now if it was proceeding
Unfortunately I think this is lights out here
Thanks
MXO has potential but AJE isn't worth the Market Cap
I will wait and see what happens on the AJE field and other investment done by MXO if the Sheikh is really going to drive it forward, its going to be a long road there but i would be more positive there than here
MXO is just overvalued on pure speculation of having one (hopefully decent) large investor, it doesnt male an asset worth a few million worth £50million+ like some are spouting
Yes, re Herencia I'm resigned to the fact it's going the same way as my other mining ventures - was so optimistic at the outset.
I think your fair assessments and comments on MXO are sound and hopefully a reasonable longer term investment.
I don't think I'll be giving up the day job any time soon.
BW
MXO fair value on that RNS is circa £10m Market Cap in my honest opinion (5% of Revenue for an Asset that needs a lot of Development) - the producing element there is so small
thats based on the 2p resources published today
In regards to Herencia, its been a long watch - no drilling now for 18months, i would be prepared for this to go in the next few months, we already know that the purse is virtually empty and no update on any finance, not even the usual £100k support loan from Lind and Darius
Yeah mate. Still in MXO and thankfully averaged down over last 12/12 so actually done well with recent events. Watching with interest where it's going and next few days probably going to suggest which way it's heading. Low threshold for getting out but if the rampers are even half right could hang in a bit longer.Could do with a Sheikh showing interest in Herencia for a bit - heavily invested here and 80% odd loss.
Hi mate
Are you still in MXO - nice rise there but im not a fan of big rises just because of a Sheikh buying 30% at a real cheap price
Too many new people jumping in and will be well gone from there in the next few weeks
Still no change here in Herencia and no updates on website - just waiting for Funding which is in doubt judging from the last RNS
Hi DB -Just looked in to see if any news having been reminded am invested here after reading your posts on other share site. Doesn't appear to be any change/news but still hoping for a turnaround as seemingly does occasionally occur.
GL mate and BW.
They won’t be in any rush DB
still no update, anything progressing / not progressing
Yes probably jumped ship and ran far away.
Has every one abandoned ship here or what has happened ?
Had expected an update on the capital raise by now
I wonder if they can afford the Tea and Biscuits - the finances must be at the bare bones considering this has gone well past even what i thought was reasonable
i would also assume that after 6 weeks, Lind and Darius can't agree the terms to provide the needed funds
yes, theoretically totally correct apart from one thing: your example is based on 2 days of trading: the day prior the consolidation and the day of consolidation.
now, why would you invest the day before consolidation if you definitely know that the company will go for fundraising straight after consolidation and there is chance for 20%-30% drop in the very very near future.
and even besides fundraising , the share price WILL continue to drop exactly the same way as before consolidation if The BoD doesn't come up with life changing news.
besides, as soon as The BoD announces coming consolidation, SP will start dropping fast...
so, in fact ... the most lucky ones will meet the consolidation with circa 0.03p average just to find themselves with 3p average next morning and with the new SP heading 1p-ish level
P.S.
everybody's stake will be shrunk by 100 automatically. and your average sp goes 100 times up just over night.
------------------------------------------------------------
Consolidation means EACH of your shares will be 100 x higher but you'll get 100 x less of them. Theoretically if you sold at the new price you will get the same money back.
10,million at 0.015p = £1,500
consolidated -new price = 1.5p
100,000 at 1.5p = £1,500
"come May/June, then what".....
then 100 to 1 share consolidation. Simples.
the company shrinks it's share capital by 100.
so it will be just over 110m shares in issue instead of 11,055m and share price multiples by 100 just over night.
so they can go for placing again and again.
rinse and repeat. Simples.
P.S.
everybody's stake will be shrunk by 100 automatically. and your average sp goes 100 times up just over night.
Thanks for clarifying gents.
They haven’t converted so are debt holders, they have more status than shareholders! No one else will fund this barring them. They pull the plug, pi’s funds down the sink.
No because they haven’t converted yet
Fact is if this funding does get approved, it keeps the lights on another few months but that’s it, come May/June, then what
Doesn't that then (if approved) take the 'concert' past a mandatory T/O bid at 30% no?
Guess it's game-over judging by the RNS today 'highly unlikely'.
So they’ve finally took the company and assets over. Night night pi’s
Thousands to hundreds to tens .... lost hope & interest a long ago...
Good luck, everyone...only hope is to come out of suspension with finance(doubt it) or turn Her into a 'shell,' no chance really...but with our cash now tied up a Miracle is needed. Gooooodbyeeeeeee,
Yes same on IG, no big trades showing. I forgot all about this but need a 5 bag from here just to get back to break even.
According to ADVFN, HER was 37.8% up just before suspension. Any ideas?