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Interesting to see sp not retraced much in over a week. A guide to where we could be on next good news....0.1p +
we don't know nothing ever been announced no payments received in Accounts either for it best guess would be they are not proceeding but in South America you never know Look at Herencia with Picachos - can't find references on Herencia paying any of the relevant payments for Picachos yet : https://www.investegate.co.uk/herencia-resources--her-/rns/herencia-executes-option-agreement/201308070700050929L/
LOL �300,000 funding by way of placing isn't anything to shout about Pastizal Milestone signed has nominal value to the Company
In HERencia's history..... https://www.investegate.co.uk/herencia-resources--her-/rns/herencia-secures-us-300-000-funding/201710241544164995U/ https://www.investegate.co.uk/herencia-resources--her-/rns/pastizal-milestone-signed/201710241539094983U/
so we have a wind full coming 30000/50000
Its why have we not had an RNS on any other payments been received / Not Received should have had $350,000 + $500,000
We may see a surprise announcement of when HER is likely to go into production; this could be a year or so ahead... who really knows, other than Reeves and Williams. With news this share will gradually head up.
Thanks for looking, good to know it's not just me that can't find anything newer then 2015. "An initial non-refundable payment of US$150,000 has been received by Herencia, thereafter the following payments to Herencia are scheduled in the event Cuprum proceeds to fully exercise the option:  After 12 months US$ 350,000  After 24 months US$ 500,000  After 36 months US$ 3,000,000" With the First payment 3 years ago at end of Jan 2018 I guess it's been mothballed by cuprum and the board is just waiting the 36 months out and it could be back up for sale. Could be nice windfall if it did ever happen or if Cuprum made an extra payment to retain the option for another few years. End of Jan is not to long away.
Not really an update I had put this in a $3.85m in my Market Cap Calcs - but does need an update Other than first tranche - have any other funds been received Agreements were done a few years ago
The Company has announced an option agreement to divest control of the La Serena tenement package to a third party and has received the *first payment* due under that option agreement. http://www.miningbusiness.net/content/herencia-res-4m-project-sale
Simple as that!
people have made money out of these mines for years so just think of what we will make with the right equipment and money and the right management behind them it will be like bringing them out of the stone age and into the future so hears to future and lets all make some money
all i can find is the 30 January 2015 RNS "Herencia to sell La Serena Project for up to US$4 million" to Cuprum Resources Chile Limitada. and a note on the Website "The Company has announced an option agreement to divest control of the La Serena tenement package to a third party and has received the first payment due under that option agreement. " after that date i cannot see any reference to it in other RNS's did Cuprum do anything with it?
YEAH Sam......take no notice of the derampers...but at present i feel, on here they ARE NOT really deramping except DanBrown...most are just telling how it is and HER has a long way to go...but i like to think HER is in a slow steady transitional phase...getting there slowly but surely. Bear in mind the recent funding deals (see my earlier posts), Reeves and Williams only get paid on results and being newly appointed they were not responsible for HER's decline pre -2017. This means they dare not slacken off in their efforts to get us back on the road to recovery. Get the drills going, prove up the Cu/resource and in a few months time this company will be much improved. And with most Cu mining in Chile there is nearly always gold extracted as a by-product.
You can sell above mid looks like this will tick up
i have never known a share to have so much de ramping I think this share could go a long way just needs a bit of time to get things going I have been share dealing for 6 years now and I think this will come good
Parts are in the rns's but I wanted confirmation. no need for the website to be 5 months out of date, especially after such a significant change. Plus they have 4 parties with significant holdings now, the website only lists 3
you only need one when certain parties go over a threshold good luck them answering e-mails - i'm still waiting on one from 3 weeks ago
wouldn't that require an RNS ?
I did email the company last week for an updated list of significant share holders, as the last update on website is 23 June 2017. It's changed quite a bit since the 30% listed there. Will post it if I get a reply. I know its over 50% now.
What funding - its just dilution In March - it was all about a funding Package (which again was dilution) Last month it was yet again Dilution There has been no 'Funding' as one would call funding - other than diluting investors Where has the money gone - what happened to �250,000 in 2 months of doing nothing between April and June since April/ May of raising �1m, why has it took to October commence exploration
another read... Herencia Secures US$300,000 Funding Copper Exploration to Commence Shortly https://www.investegate.co.uk/herencia-resources--her-/rns/herencia-secures-us-300-000-funding/201710241544164995U/ Herencia Resources plc is pleased to advise that it has executed term sheets for the provision of US$300,000. The funding has been provided from its key shareholders, the Australian Special Opportunity Fund ("Lind Partners") and Oriental Darius Co. Ltd ("Oriental"). It is intended that the funds will be provided equally by the Shareholders ( US$150,000 each). Commenting on the financing Herencia Chairman, Mr Peter Reeve said, " Herencia is very pleased for the ongoing support of its key shareholders and their commitment to the Herencia story through all the companies recent restructuring. This commitment is testament to the strength of the core resources story within Herencia which centres around the very strong potential of its lightly explored copper tenements". "The copper market remains resurgent and this provides Herencia and its shareholders great exposure to this market particularly with the impending drilling program", Mr Reeve said. Details of the Financing Capital of US$300,000 will be provided to the Company by the Shareholders by way of a secured convertible facility with a Face Value of $350,000 ("Face Value"), the agreed amount to be repaid by the Company over the 12 month term of the agreement. 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. The funds raised will be used to advance the drill programme and for working capital purposes.
another look... 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." https://www.investegate.co.uk/herencia-resources--her-/rns/pastizal-milestone-signed/201710241539094983U/ 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%; 18 months US$600,000 36 months US$400,000 If 20 million tonnes grading 1% copper identified then maximum payment is US$2m.
No I never, I�ve never shorted a stock. It also makes no difference what I/you post on here if it did it would be about a � by now on what you�ve posted in the past!!
Dan/Amtech, Two of Three Stooges are in town doing what they are good at and bashing HER (via thousands of messages posted to this board since March) as best as possible, particularly when it appears that positive news is on the horizon. Neither of you are invested in this company but both have continually posted negative posts concerning HER, including HER's liquidation and demise back in the Summer... HER is still here, and although I've been somewhat critical of the highly experienced Bod - Reeves and Williams -they appear to have pulled their finger out and are leading a remarkable recovery with funding - the exact opposite of what you both predicted not long ago. Amtech - you admitted earlier this year that you were shorting HER and had made money on this company. Can you just bu��er off now?