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Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP


Herencia Share Chat (HER)



Share Price: 0.025Bid: 0.02Ask: 0.03Change: 0.00 (0.00%)No Movement on Herencia
Spread: 0.01Spread as %: 50.00%Open: 0.025High: 0.025Low: 0.025Yesterday’s Close: 0.025


Share Discussion for Herencia


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Longlad
Posts: 112
Off Topic
Opinion:No Opinion
Price:0.025
Quarterly drop by
Today 10:15
"Undergoing a process of restructure including the Board to re-establish Herencia as a viable junior exploration and development company"
Wow exciting times ahead! Perhaps they should raise funds and drill more holes, and some more holes and raise some more money to drill some more holes...
Mr Ash, Mr Corbs, I admire your stamina.
 
Yamin
Posts: 23
Off Topic
Opinion:No Opinion
Price:0.025
Is this doomed?
Today 10:05
I have about £700.00 worth of shares in two positions. Is this really doomed? Even if the share price rose or 0.5 pence I could walk away with £5000.00.

Where does it say £5M still owed on Picasso?
itsaduster
Posts: 5,972
Observation
Opinion:No Opinion
Price:0.025
PIs
Thu 22:58
continue to be diluted out.

£5M still owed on Picasso ...... thanks GS.

You should have spent all that proving up and bringing Pat to production.
Ginny
Posts: 500
Off Topic
Opinion:No Opinion
Price:0.025
I believe
Thu 12:52
In miracles
ash666
Posts: 4,698
Answer
Opinion:No Opinion
Price:0.025
RE: Half-Yearly Report
Thu 12:48
·     Undergoing a process of restructure including the Board to re-establish Herencia as a viable junior exploration and development company; and
 
·     Continue to actively pursue opportunities for the Picachos Project.
 
Finally, I would like thank my fellow directors and our small and dedicated team in Chile for their efforts in securing the successful sale of the Paguanta Project and also to our shareholders for their continued support.
ash666
Posts: 4,698
Observation
Opinion:No Opinion
Price:0.025
RE: Half-Yearly Report
Thu 12:47
CHAIRMAN'S STATEMENT
 
I am pleased to advise that following the period under review, on 28 July 2016, the Company announced the execution of a formal purchase 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. The total consideration was US$1.5 million in cash and US$880k in GMR equity, and GMR agreeing to pay up to US$2.1 million (approximately £1.5 million) towards various contingent liabilities. As announced on 16 September 2016, the Company has used these funds to repay the majority of its creditors which places substantial constraints on the Company's current working capital position, however the Company is in funding discussions with interested parties and remains open to explore other funding options.
 
Other activities during the period include:
 
·     The approval by shareholders at the Annual General Meeting held on 29 June 2016 to subdivide each Ordinary Share into 1 ordinary share of 0.01p and a deferred share of 0.09p.This will allow the issue of shares as a source of funding which has otherwise been unavailable since the last equity raise in September 2015;
 
·     Securing funding arrangements by way of Secured Convertible Facilities totalling US$750,000 with two of our major shareholders, the Australian Special Opportunity Fund ("Lind Partners") and Oriental Darius Co. Ltd ("Oriental").  The shareholders have been very supportive and a total of US$350,000 has been drawn down under this facility to date with a further US$400,000 that can be advanced at the discretion of the Shareholders;
 
·     Undergoing a process of restructure including the Board to re-establish Herencia as a viable junior exploration and development company; and
Yamin
Posts: 23
Off Topic
Opinion:No Opinion
Price:0.025
RE: CEO!
23 Sep '16
I thought they just appointed Peter Desmond Reeve, and experienced guy. Why do you think its poor performance? They should be releasing news of the funds they were securing this week or by end of next week.
Latino
Posts: 2,246
Off Topic
Opinion:No Opinion
Price:0.025
CEO!
23 Sep '16
Need to replace CEO asap, so that the company can re-represent itself in a better light. Cannot be proud of he's done here..very poor performance and has really dented this company. Wonder where next for the CEO...after this debacle!
CasualCollection
Posts: 24
Off Topic
Opinion:No Opinion
Price:0.025
Trades...
21 Sep '16
Are we gonna see any late trades towards the end of the day?
Goodluck all invested.




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