davysed
26 Aug 2016
good news or bad, Poor old G.sloan, cant get out the door fast enough and they want him to stay!!!,, tell you what,,,i'm a butcher in jersey, maybe i could do a better job of managing a company to do b*gger all as regards mining some product to sell !! How about it Herencia !!!!
wheresmymoney
01 Aug 2016
Re: RNS Step away from the problemrun forrest....
Jay053
01 Aug 2016
Re: RNS General UpdateThe Company confirms that Graeme Sloan had previously indicated his intention to step down as Managing Director with effect from the end of July 2016, however the Company confirms that Graeme has agreed to remain as Managing Director until a suitable successor can be found. It is currently anticipated that this will occur towards the end of August 2016. Further updates will be provided in due course.In addition, the Company confirms that with immediate effect the registered office of the Company is now 6th floor, 60 Gracechurch Street, London EC3V OHR.
7dwarfs
01 Aug 2016
RNS How about the office cleaner as the successor!
myepic
31 Jul 2016
Experience and learning Good to hear some people being honest with themselves and others here , yes we all make mistakes OXS and CYC were two of mine but then again PPHE and CLIN did ok , HER , well I took a punt a couple of years back which obviously hasn't gone too well! but I took another punt some months back on the "if you liked them at X you should love them at Y" theory (0.02) - now I have a book average of 0.08 so they only need to triple and i'll be back! 
, its all a game in the end
waytogo333
29 Jul 2016
Re: RNS I've certainly learned hard lessons, delighted with my SIPP performance that was almost completely in AIM resource stocks, rising to dizzying heights at the tail end of the commodity spike.Unfortunately, when they then started to drop, I held on to them, with the misguided belief that 'they have to start going back up again soon'. Well we all know what happened then!So, yes, you learn lessons, it's just a pity they have to be so expensive some times. Now I constantly remind myself that a profit is not a profit until it's banked and top slice where I can, even if it means missing out on additional rises.It's going to be a long slog to get back to breakeven, but it's certainly a lesson learned.Some of my star buys:Herencia/Beacon Hill Resources/Range Resources/Xcite.
Jay053
28 Jul 2016
Re: RNS Thats where I would have made money, from learning hard lessons.I held off buying AMC watching it falling and could have got in at 4-3p but didn't, then they got license that was the time to bail out.I did actually post on there some years ago saying it should be 44p with license (nearly got there) I would have been out before that though.SXX could have had them at 2p when they were the biggest joke on AIM.I sound like one of those hindsight traders, but we all have experiences like these.
wheresmymoney
28 Jul 2016
Re: RNS That's a tough lessonLearnt mine (again) on AMC. Have a couple of others flying though
Jay053
28 Jul 2016
Re: RNS Was once over 200% up on this.Now the only people making money are the directors sponging off the investors.I've a new rule if I ever get 200% profit on a share sell sell sell.
davysed
28 Jul 2016
Re: RNS Here Here wheresmymoney,,,cant even sell whats left of my holding , 99% DOWN , £10 to sell , only got two bobs worth left to sell lololo,,,,what a disaster !!!!!
wheresmymoney
28 Jul 2016
Re: RNS I laughed so hard my head fell off / lost all my moneyThis share has been a very rough ride.
davysed
28 Jul 2016
Re: Herencia Completes Paguanta Sale Here Here Jay053 !!!!
Jay053
28 Jul 2016
Re: Herencia Completes Paguanta Sale "The sale of Paguanta is an important step forward for the Company given our requirements for funds and our need to focus 100% focus on our Picachos copper project in central Chile. Even though the Board believes the Paguanta Project has a great deal of upside, they also believed that the decision to divest of Paguanta at this time is the right one for shareholders.I bought in here because of Paguanta and its Silver deposits, Copper is not going to follow silver to higher prices.Another share I've wasted a bag on pennies on, now they will spend the money from the sale to drill more holes prove up the ground just for someone else to buy the license, with share holders coming out with nothing at the end.Graham Sloan is a conman and has let us share holders down.
Jay053
28 Jul 2016
Herencia Completes Paguanta Sale Herencia Resources plc("Herencia" or "the Company"
Herencia Completes Paguanta Sale Summary Ø The Company has executed a formal purchase agreement ("Agreement" with Golden Rim Resources Limited ("GMR" for the sale of its 70% ownership in the Paguanta zinc, silver and lead Project in northern Chile.Ø As previously announced (see the announcement dated 10 May 2016), the total consideration is US$2.3 million in cash and GMR equity, and GMR agreeing to pay up to US$2.1 million (approximately £1.5 million) towards various contingent liabilities.Ø To-date GMR has paid Herencia a total of US$0.227 million, being US$0.127 million upon execution of the initial conditional term sheet and US$0.1 million upon execution of formal documentation (as set out in the announcement dated 15 June 2016). Ø The consideration will be paid in tranches, with
US$0.8 million paid today;o US$0.413 million to be paid within 30 days of execution of the Agreement, subject to the payment of specified creditors; ando US$0.05 million to be paid within 60 days of execution of the Agreement, Ø A final amount US$0.8 million in GMR equity in the event that a decision to mine is made at Paguanta.Ø GMR will pay all taxes associated with the transaction not to exceed US$0.05 million.Ø Golden Rim Resources Limited is a public company quoted on the Australian Securities Exchange ("ASX".Herencia Resources plc (AIM: HER) is pleased to announce that it has completed the sale of its 70% equity in the Paguanta Project. On 10 May 2016, the Company announced they had entered into a transaction ("Proposed Transaction" with Golden Rim Resources (ASX: GMR) under which the Company would sell all of the issued shares in Paguanta Resources (Chile) SA ("PRC", a wholly owned subsidiary of Herencia to GMR. PRC holds 70% of the shares in Compania Minera Paguanta S.A. ("CMP" which holds mineral concessions at the Paguanta silver-lead-zinc-copper project in northern Chile.Completion under the Proposed Transaction was due to take place prior to 4 July 2016, however due to delays with the flow of information; the parties agreed to extend the date of completion to no later than 29 July 2016. On 15 June 2016, the Company made a further announcement with the execution of formal documentation following which GMR provided Herencia with the second tranche of the deposit, totalling US$0.1 million.Transaction Details As previously announced (-see announcement dated 10 May 2016), the total consideration for the sale of the Paguanta Project is US$2.3 million, with GMR agreeing to pay up to an additional US$2.1 million (approximately £1.5 million) towards various contingent liabilities. The US$2.3 million is payable in $1.5 million cash and a total of US$0.8 million in fully paid ordinary GMR shares (Shares) to Herencia at an issue price equal to the 20 day volume weighted average price, in the event a decision to mine is made at Paguanta. The cash consideration under the transaction is payable in instalments and at the signing of the Agreement, Golden Rim has paid a total of US$1.027 million (including the two deposits previously paid). Prior to the next instalment of US$0.423 million, payable within 30 days of execution of the Agreement, all outstanding creditors in PRC and CMP are required to be paid. A final amount of US$0.05 million is payable within 60 days of execution of the Agreement.The Directors believe these funds will be sufficient to satisfy the Company's working capital requirements for the foreseeable future and these funds will be used to repay creditors, to advance the Company's remaining assets and for working capital purposes. Further updates will be provided in due course. A full outline of the transaction terms and disclosures relating to this transaction were detailed in the announcement dated 10 May 2016. Managing Director, Graeme Sloan, commented:"The sale of Paguanta is an imp
Monkfeesh
28 Jul 2016
RNS Yay, funds to drill more holes in the ground for the next six month.....Monk
