what you have highlighted I have been mentioning number of times in the past 7 months or so!, while it is Ok to remain critical as I also have been in the past, but also to mention some of the fundamentals and current potentials/assets of HER as a company, regardless of Lind deal,
Lind is just a financial provider and have no overall control of the HER or its future plans, they can be bought out and kicked out, if management plays its hand right, their deal is not as bad as people might think but some numbers /drawdown had been laid very tightly thanks to HER financial officer!!!
the fact will remain that HER has some great potential of low risk, high value OPEN PIT plan which can generate cash for the good 3-4 years and form a basis for underground further explorations, they need to get that going as fast as possible to generate cash.
HER might be in a tight position right now, but no one can take away those values from HER, so that would stay as a backbone of the company to raise more money, and with right management and right financial officer who can do a good sum up, they would be able to do that,
I just don't like GS touchy touchy slow going approach and wasting time over and over again, he wasted so much time over feasibility study report and the RNS news on that was VERY POORLY managed when it was announced (in my opinion), all that hype for 7 months and he produced little detail to shareholders, he need to change that strategy or look for the new job, because to me it is all about management who can take a lead and deliver promises and create a positive impact to share price. It is all about PLANS, and at the moment I can’t see they have one! But they can come up with one, it is not too late.
from steeplejack on advfn... "Look at the below and Lind would appear to provide a valuable sevice.Might have to mull this over.Maybe not financial demons.Perhaps,GS just signed off on a rather unfavourable financial arrangement.Some other deals as outlined below are like Herencia's deal but perhaps tighter in detail and drawdown terms.
...more posters waking up to the harsh realities we are facing here. I have been explaining the problems with this company, management and financing for some time.
It's human nature to resist negative thought surrounding a personal investment. We would prefer to stay positive, but that isn't what makes you money in the stock market. Some people even question whether I'm actually invested just because I am critical. How bizarre is that?
Despite all the criticism I have taken on a personal level for airing my views, I remain of view that the current strategy is not going to benefit the shareholders here. Too much dilution with a few to handing over too much of our assests for Major's to commercialise and benefit from. 10% of a mine when you are going to have over 2 billion shares in issue, is not going to have much impact on the shareprice.
someone at management and board should make some firm decision here, some changes require IMO, and sooner they do it the better, new strategy, and may be new management would help, the taking ages to do things here and even when they do it they still get it wrong! that is embarrassing really! anyway this is my opinion and I respect everyone's view too, but something fundamentally not right about the direction and deliveries here! and surely someone needs to start answering questions!!
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.