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Actually the last two placings are dependant on next placing price
$810,000 of funds to 'keep the lights on'
i think they need at least $1m + interest so i reckon the next placing price will cover circa $2m of funding
They will wait until after 24th October (1 year after they did that placing at 0.12p (why pay 5 times as much when an RTO can be done at a fraction of the price later this year)
The main news is to see how big the next placing is an the conversion price as thats the price for the last conversion
Lind and Darius totally in Driving Seat here
R T O. possible?
The further announcement is got to be funding for the next drilling campaign
Lind & Darius Placing, by CLN's at a price yet to be determined but whatever price is, it dictates the placing price just carried out.
The Report looked and read well until i got to this very important part:
The Company is in arrears with the renegotiated option payments schedule as at the date of this annual report. Under the Revised Option Agreement options payments for 2016 and 2017 remain outstanding and total US$1,113,250. Option payments due in 2018 are US$800,000; 2019 US$800,000; 2020 US$900,000 and 2021 US$500,000.
The Company has also agreed to make royalty payments during production with a base royalty of 2 US cents per pound rising to 2.5 US cents per pound when the copper price exceeds US$3 per pound and 3.0 US cents per pound when the copper price exceeds US$4 per pound.
Good luck with that Nomoreheroes you are braver than I am. Hope it pays off for you.
‘Any suggestions what the further announcement might be? ‘
Christopheros as the new water boy!!
Hey, that's great. Been Waiting desperately for the trading suspension to lift as I've funds burning a hole in my pocket to purchase more ;-)
Any suggestions what the further announcement might be ? Can't say I'm particularly hopeful for anything positive.
The Directors of Herencia expect to print and post the Annual Report and Accounts for the year to 31 December 2017 (the "Accounts") during the week commencing 23 July 2018 and a further announcement will be made at that time. It is anticipated that the suspension in trading in the ompany's shares will be lifted thereafter.
“ and a further announcement will be made at that time “
That’s the key line!
Her rns 2017 year end final results released
Wise to get out applegarth. Too late for me I am toasted.
When out of suspension, will there be a RTB. It looks ominous as the company stands with no news of drill progress. Either administration or sell everything. I sold out in April but do look in. I hope none of you get too burnt and good luck
Dan/Amtech/NonB, aka Trollers,
You guys are quite a bunch aren't you? Hope you THREE guys enjoy getting off on each other.
Feel sorry for yourselves and for the repetative and constant negative gossip spreading you've done whilst holding hands together on the side lines and s*********. I hope that your investments do well... but to be honest I will neither pity, smile or care either way about any of you, particularly given your trolling and non investment history with HER.
:-)
I feel sorry for him because he has obviously lost out big time. It's just a shame that he has to be so obnoxious to people but he can't understand that so he brings it upon himself.
I am surprised that he has not been on here blaming anyone and everyone for this and that.
No love lost from me DB.
i feel sorry for Chris and i hope he managed to sell and move on to something else
judging his posting history, he was 'heavily invested' and judging by when he joined he started posting he will be well down, i also get the impression on Chris a lot of his savings were probably in here
Yeah looks that way. Anyways it mid July where’s these accounts?
He seems to have disappeared Amtech
Nothing surprises me anymore with this lot.
To put it nicely they’re walking pi’s out the door, in reality they’re taking over slowly.
What your take Christopheros?
The RNS is surely wrong - the Estimated Shares to be issued don't match the placing price!!!
I agree with you.... PROXY FORM ....how long does one take to produce/complete. I'm sure the required information is available and could have been circulated by now. Its not as if someone has to travel to wherever and obtain the information ( HER... there is something called email at least) There is in my opinion something brewing. Otherwise a new AGM should have been arranged by now.
so no conversion price set - its based on next conversion price - but face value is 0.0005 (20% of current SP)
$400,000 raised but costing $80,000 in interest for the 2 years isn't that bad
hate to say i said something like this would happen
No Operations update, this money is just to keep lights on for next 3-4 months, conclude accounts and then plan the next raise - Lind and Darius mus be getting fed up with this investment
to get some sort of operations update.
of a rns. wtf.
Then carry on raising funds back down to nominal value or PR knows what coming and done one before it happens!
probably not but we still not had an RNS regarding the AGM which is very wrong
never published the PROXY FORM as stated - again very wrong
IMO - £1m placing at 0.01p with Darius and Lind taking the main positions and increase Share Cap to 20bn with a 100:1 consolidation of shares turning HER to 1p a share with circa 200m shares and MCAP at £2m