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i said in October i would expect some update in 6-8 weeks on drilling I got slated for it as everyone said couple of weeks, here we are 5 weeks later I'm not expecting much other than further grades as previously advised This is still all about funding for the Purchase of the Full Site
The longergame on Twitter claims he has had comms with Jeff and we will get update before Christmas Credible guy
Might have to average down though, sam...gl The general market will rerate HER on any positve news from OK to GOOD, to sha'ggable, lol
I have invested here because I think it will go a long way it needs come out of the stone age and have some new plant to get the copper out thanks to appelagarth and big bear 2 for there info it is good to find out about this company it is people like you that help new share holders to this company keep it up
We may get news within a week or so...drilling is by all accounts well underway...? https://www.investegate.co.uk/herencia-resources--her-/rns/pastizal-milestone-signed/201710241539094983U/ Non-Executive Chairman Peter Reeve today commented: "We are pleased to confirm Herencia has signed this Mutual Agreement with CSA for the Pastizal project. *Your company will start a 3000 metre Reverse Circulation drill program in October and overall geological assessment following the recent successful capital raising of US$1.2m in April 2017. As significant, Pastizal is adjacent to the *Picachos tenements containing high grade intercepts including amongst others, 117 metres grading 1.14% copper. *We have an enviable ground position in an established copper belt with easy access to port, infrastructure and skills. Both sites are mined by tribute private mining companies down to 50 metres establishing the acceptability of the copper ores as suitable feed for the local Government copper mill. *Our exciting tenements lie within 10 kilometres of two major copper plants and within 30 kilometres of two copper plants to the south." Pastizal Agreement The terms of the agreement are as follows: 1. US$25,000 and 1,250,000 million ordinary HER shares to CSA, further announcements will be made when these are issued; 2. 1250 million HER shares to CSA are locked in until the share price exceed 0.012 pence and for a minimum of 90 days, and on achieving other mutual conditions; 3. 30 months - payment of US$150,000; 4. 42 months - payment of US$200,000; 5. Milestone payments up to US2m based on the following timeline and conditions. If the Company decides to proceed with the project subject to combined JORC 2012 Mineral Resource at Picachos and Pastizal exceeding 10 million tonnes grading average copper grade of 1%;
Not sure, i thought drilling was underway..may get an Rns soon explaining if commenced?
Just curious as to why we have not had a �drilling commenced� RNS, or is it simply assumed it�s started and results in due course??
BigBear2.....i like the last half...... We have an enviable ground position in an established copper belt with easy access to port, infrastructure and skills. Both sites are mined by tribute private mining companies down to 50 metres establishing the acceptability of the copper ores as suitable feed for the local Government copper mill. Our exciting tenements lie within 10 kilometres of two major copper plants and within 30 kilometres of two copper plants to the south."
we saw a few reasonable buys this went nuts the next day...Tight spread and seems primed. Was getting quoted way over ask to buy in quantity a short while back...
Has this started? Non-Executive Chairman Peter Reeve today commented: "We are pleased to confirm Herencia has signed this Mutual Agreement with CSA for the Pastizal project. Your company will start a 3000 metre Reverse Circulation drill program in October and overall geological assessment following the recent successful capital raising of US$1.2m in April 2017. As significant, Pastizal is adjacent to the Picachos tenements containing high grade intercepts including amongst others, 117 metres grading 1.14% copper. We have an enviable ground position in an established copper belt with easy access to port, infrastructure and skills. Both sites are mined by tribute private mining companies down to 50 metres establishing the acceptability of the copper ores as suitable feed for the local Government copper mill. Our exciting tenements lie within 10 kilometres of two major copper plants and within 30 kilometres of two copper plants to the south."
nope
Dan, did you ever load up here
It was set higher and had no option because they can�t issue shares under nominal value of �0.001 per share.
CONVERSION SHARES - FACT 287,500,000 shares at 0.104p conversion price (taking into account the interest) 3,900,000,000 shares at 0.01p conversion price I know which set of figures is more important
yes, conversion price is 0.12 was set at 4x times higher of the 0.03 price at the time when suspension was lifted.
As long as they�re in employment, I can�t see any price points to hit!
They still have got to earn them over 3 years instead of a wage. Guess it's another wait and see how it goes.
"The Convertible Security has the same conditions as announced on 5th April 2016. Herencia (AIM: HER) announces that Lind Partners and Darius may each exercise its right to convert US$150,000 of convertible loan notes into shares at an exercise price of £0.0012 (“Conversion”) or some 4 times higher than the current share price. Pursuant to the Conversion, new ordinary shares of 0.12p each (“Ordinary Shares”), will be admitted to trading on AIM." http://www.herenciaresources.com/framework/documents/displaydocument.asp?doc=777
Yup 10% of the company for keeping in employment, it would be a travesty if they had taken a wage. I�m sorry but I can�t call that performance related also.
Conversion price is 0.01p - DYOR
Yep Could be a good year, the directors performance rights "equal to 10% of the Company's fully diluted share capital." and main holders have valued the company at 0.12p or £20.4m minimum fully diluted based on 17b shares it fully diluted. Let them convert the loan, they will be at 0.12p !
Think I�ll wait till the powers that be decide how they�re going to pay for the resourse, until after it�s dropped from the consolidation and until the CLN�s are all converted.
share price holding up well to day
Given time and patience multi-bagging is more than likely.....always is with companies in recovery mode and with sp in the 100ths of a penny....bottom drawer for a mortgage busting sp in 2018 !
up 5% all ready that's not bad for a start