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https://www.thebalance.com/the-world-s-20-largest-copper-mines-2014-2339745
They will take 20m in one hit at 0.072. Something tells me they want our shares for some strange reason.
you have got to read the posts that are on here to see that the copper and [ ?+? are hear
I have copy and pasted this from Oct 2013 Rns... 292794 6648519 43.90 3.10 Frenchman mine – rock chip simple (CuOx) I very much like the 43.90 Grams per ton of silver which i thought was very encouraging !!!
Looking back at their last drilling program they seemed to update every few days / per week. Anyone with more experience here expecting an update this week or next? with initial results. 3000m at say 150 per day, that's only 20 days
This should fly back soon.ridiculously cheap price real steal.
http://www.herenciaresources.com/framework/documents/displaydocument.asp?doc=603
does look a tad overdone.
Peeps are just trading from one stock to the next riser...i'm of the opinion that once we get the copper grades their will be gold traces as well...nearly always gold with copper in this huge copper belt.I'll top up possibly if we go lower but hope we hold this price as the bottom...gla
this share went to .14 last week everybody wanted in it at one time you could not buy it m /m run out of shares this week people wanted out of it ? the copper and? is still there they have started the drill program to see how much is there when they get the info on drilling program what do you think the price will be then ? so get in now wile price is low a loy of people have
is coming to the mining sector and i reckon this will put this market on a bigger footing. I am not one for mentioing other shares but go look at VELA and do some reading
Bargain price wait for results this is going to go mental.
people jumping off to MKA this morning, disappointing that the 100% rise last week almost completely reversed now. but goes to show how quick this moves on news.
At least I understand that mentality and seen it happen with many on AIM but think a £50m market cap when you don’t own what your exploring is very optimistic
That's my guess for mcap on HER at the peak of hype from the drilling, I would prefer real valuations but no company gets valued at what it's technically worth anymore it's all just hype and sentiment of the day. Be it a £1b+ mcap oil share on a discovery with no infrastructure or a £100m+ mcap miner with a map, a pick axe and little to no cash or a £50b ftse share that's lost £1b every quarter or trading at 100-500 x earnings we've all seen them. It's a broken system which places the wrong value in things and driven by greed. Monday traded 1.7b shares and the price doubled on an rns which didn't really show anything new apart from drilling commenced. When the drill results start to come out people will see x zillion tons of copper / gold / silver and give ridiculous estimates for the share price based on the current total market value of minerials in the ground and buy the share ignoring the fact that it costs money and time to get it out the ground, that it's all estimated, the fact that the company only has x left years on a lease or that the company has x% stake and pays x% royalties and only makes x-y. Price gets hyped beyond logical rationale. If Great results HER gets hyped to £50m mcap then settles to £15m mcap. Price beyond that depends on what the company does next. That's my guess lets see how it plays out.
On FURTHER good drill results later next year..it's conceivable to achieve 1p
£50m market cap, and what assets do Herencia own that are valued at that????
Best case on a great drill the highest I can see is 0.3-0.55p depending number of shares issued at the time (at 17b shares being fully diluted) that's a £50m mcap. More then happy to be proved wrong in time if I'm low balling it but I can't see it being 1p Im hoping At least a £15m mcap on drill results anyway. Gla.
Not been 1p since Feb 2013 and fundamentals certainly have changed
The last time the sp listed at exactly 1p was 5th Oct and fundamentals heve improved .... so just a matter of time for a rerate IMO GLA LOR
Any idea when we will hit 1p +here again
Anywhere between 50 and 250m. As you say 150m a day is probably the most they will achieve. Probably end of January before any results are released unless they hit something extra special. It would be nice to have someone there with a handheld spectrometer uploading the results while they drill! I’ve been holding and averaging down since before Fukushima and through the downturn thereafter so a couple months more wont make any difference.
250m a day is going some, can’t see it been as high as that 150m per day max I’d guess at.