Herencia.

looking at lse there are quite a lot of delayed trades at 4:57pm, at 2.67, but everything traded just before close was at 3.11, and there is another delayed trade at after close at 3.10. google finance showing a big delayed trade at 2.26pm, at 2.55p, when price was at 3.0p, so would take some of these things with a pinch of salt.

apparently this hit 3.2p today on the german stock exchanges, so hopefully a blue day tomorrow as well.

back to 2.6, value?

im going to set up monthly buy ins on this.

Are these only trade-able over the phone?

Went through the whole rigmarole of setting up an a/c with iii and then found they can only be bought over the phone. Is this the case with all brokers and penny shares/ HER?

bought mine online using hargreaves lansdown.
www.h-l.com

td waterhouse can deal online.

I think this has to be very good value at current prices. In fact most AIM resources shares are dirt cheap atm; most have lost 25-50% since January. Minimal downside from here and plenty of upside, therefore huge value.

im on iii and buy them online.

How bizare.

The whole process of opening an account with iii has taken from last Friday until yesterday (obv a bank holiday in between). Once the account was eventually opened which required loads of phone calls as I never recieved a letter, I went to buy HER @ 2.60 and was referred to phone traders.

I will try HL as iii have been next to useless tbh. Thanks for your input guys, prob a big hurdle to the average joe buying HER is the whole charade of setting up accounts etc. Never had any such problems with CAD through Saxo, limit order, bumph, done.

I had no problems with iii, a couple of times the message came up about reference to phone traders but that could simply be because there were none available (or fewer than at the price you specified) at the exact moment you confirmed it.

Got confirmation emailed to me straight away, would happily use them again.

Will give it another try with iii before opening another  a/c.

up 11% today

there is news about patricia/doris/la rosa drilling due by mid june, plus there is an AGM on thursday, so I'm guessing people are buying in in anticipation of that.

I noticed that, was 2.7 offered now 2.8 bid, ill grow some one day and get involved

There is talk by pro geologists over on the iii board that todays RNS indicates that there is 22 million ounces of silver in that vein alone. Plus 5.9% Zinc and 2.6%. It seems highly probable that Patricia's resource estimate will be at least doubled by the results in November. That is before you even count whats at doris/la rosa (it is starting to look like all are inter connected). If the patricia resource doubles then we will be trading at 6p by november based on that alone, and significantly higher based on what the doris/la rosa JORC says. Start accumulating these heavily over the next 5 months because that is when the rocket will be taking off imo.

will they flog shareholders silver on the cheap??

Money Tree you have your fingers in many pies pal

excellent RNS today, been in for a year now, these have the potential to fly towards the end of the year.

price falling... is this sector related?

want tit to get down to 2.5 before i get invovled

yeah, fundementals are good long term. just the AIM being quite volatile at the moment.

nearly down to my level, getting cheque book ready

get 'em bought

ahhhhh verbal forum contract is binding... gota get this sorted.

before i do any words of wisdom?

Alex buy low sell high.

cheers MT... i missed 2.40 few days ago, will jump in at 2.5

2.38

10% drop on one day, why?

everything is dropping

i might buy it one day LOL.. wish i was pro

freeing up funds to pop in this one, the info on the mines on iii is good well worth a long term play.

bump- not much movement

dropped again

2.0p
ah well, bought a load more range today at 13.39p, i'm a glutton for punishment

good buy?

bought again today , i'm starting to think i am the reason for everything heading south
ah well

just bought more RRL @ 10.75p expect another fall

another good rns today as well.

1.85 closing price.

So who is going in again

every time i buy it goes down so i'm gonna buy no more

have topped up on my AIM stocks this morning at ridiculous prices.

A few of them are gold tiddlers and why are they going down on current events?

Its purely risk leaving the table.

Buy low, sell high

I agree, although buy high, sell low is usually what ends up happening to me.

buy from the panicked sell to the greedy.

some got bargains here 1.4p ffs

had no spare funds was gutted.

got an order to buy at 1.8, results released a few days ago, somebody with a bit more knowledge care to divulge?

gresty241   
every time i buy it goes down so i'm gonna buy no more

1.47p
now i've stopped buying it still goes down

i'm going to buy some more when it hits 0.5p at this rate that will be 10am tomorrow morning

good news and still only around 2p, maybe time to sell.

2.5-2.6p

:)

Nice! 2.65p and up over 20% so far today!

any reason for the move?

http://www.herenciaresources.com/_content/documents/483.pdf

overall market sentiment poor, be nice to be able to factor that into the price, maybe back to 4p.

decided going to buy an amout each month depending on spare funds and have them for long time.

this will be worth well over 20p if you are willing to wait a couple of years. They now have three porphyry copper targets on the go as per todays RNS (two at guagamanga and one at la rosa). If they indeed find one then it could be worth billions of dollars (as is usually the case with these types of deposits).

is it right that the deposits found at surface are rare and could indicate very deep veins of mineralisation?

well they indicate a porphyry copper system may be underneath as there is nice grades at the surface. plus the molybdenum is usually typical of these deposits. these system are typically lower grade but contain million and millions of tonnes of ore, and are quite easily mined (open pit usually). most of the biggest deposits in the world are all porphyry systems and a lot of them are in chile, and not far away from this location. not to say they will find a monster deposit but even a small sized one would be worth hundreds of millions at least.

updates?

you can register on their website to get updates. All ticking along and price still going wrong way.

ive noticed the drop lately, anyone shed any light why?

Would like to think its the general market sentiment as most stocks on aim suffering, only way we wil knoww is when the markets pick up.

markets are shafted at the moment. but all the updates are very good. and if they discover any porphyry copper deposits (3 possible targets at the moment) then this will be worth many multiples of todays price as those are often worth billions of dollars.

ttt, thoughts from any of the forum shrewdies on herencia

all the drilling results are looking excellent and looks like big things could happen. like all small miners though the share prices have suffered and could be a while before sentiment returns. one to hold onto i think. if you want quicker gains look to the oilers.

might as well of bought chocolate coins ffs.

Heavily invested in Her and holding.
Any of you mining investers involed in PPA/VIR and can explain what's going on and also shed any light on ORE which has had excellent "Blue day" ?

ah well ticking along nicely at 0.88p

told you was a pile of turd.

Still holding with somewhat gritted teeth.. In quite heaily on San Leon Energy and Bango on AIM.. sem better bets currently than Herencia..

still holding, no doubt i'll have no teeth by the time that these come good

They never will.

I'm considering buying this...only about £150 worth, but it would surely be a nice little gamble? 25,000 shares or so in this could potentially be a great bet.

il say this only once, IGAS !

i've got a load in my SIPP but unfortunatly for me i retire in about 22 years and still think they'll be going backwards until then..

Pulled the trigger today on 23635 shares. I want £1000 in various shares by the end of the year.

Would like to (eventually) build a large dividend paying portfolio.

How much would you have to invest in a dividend one to make it worthwhile?

Depends on the yield and what your definition of worthwhile is.

My definition of worthwhile is a few k a year to begin with. 5% yield, 2k a year I would need £40,000 portfolio. Far easier said than done. The 2k thing would be reinvested each year. Ideally eventually you would dividend income and other cash flow paying all of your expenses so you are financially free.

I'm going to target:

Warehouse/industrial REITs (depending on price, no research done on price yet, just a trend I think will happen)
Utility stocks
Mining stocks (not gold)
Medical stocks (need more research here but the world population is ageing, especially in Europe/USA)
Food producers
1-2 very carefully chosen retailers. (I have one in mind which I won't name! That stock is annoyingly up 3.3% since I decided it was a buy. I need a better job!)

Is retail safe?

I was thinking of doing a speculative portfolio as in try and predict where the country will be in a decade and buy stocks to suit that.

Any retailer which relies on selling luxury or expensive goods is one to avoid in my opinion but there are some things we all need even in a recession or worse.

Well that's wrong you better do your research again.

Take the supermarkets since 2009 the recession has helped stores like aldi increase market share.

But a store that has always been regarded as expensive (waitrose) has also increased.

Recessions may hurt many people but they also make others richer.

Don't write off luxury brands

I'd love to know the retail stock you have in mind j2 pm it.

There seems to be some confusion about what I meant. It also seems to be my fault because I can see how you got there. I didn't mean luxury brands like Waitrose or Ferrari etc. I am fully aware that sales of luxury cars/yachts etc have gone up and i'm also aware Waitrose is thriving. I live in Ipswich where they have opened a large Waitrose next to a large John Lewis (you can go into either shop and be in both shops, it's cleverly done). This local Waitrose is thriving and they plan on using the same style development in future based on the Ipswich model.

What I meant by luxuries was in the context of a bad recession/depression which I should have mentioned. So in the context luxuries was anything that isn't a basic need such as food, water, heat, light, petrol to get to work etc. All I meant was that I could see people tightening the purse strings and that high street retailers, like Argos, to take a completely random example would be something I steer clear of.

The stock in question is now up 4% on when I identified it. I won't be buying unless it drops down a bit. My strategy is future trends combined with good priced 'safe' stocks which will always have demand. This stock has made some very good decisions in the last year or so and looks very strong to me. Not willing to say any more.

Oh and by the way, regardless of some luxury brands showing strong sales, I still wouldn't buy them and since this game is a matter of opinion I don't see how I can be 'wrong' because of that. The rich will get richer, I agree, I still don't look on brands like Wairose as safe investments though.

That's lucky as you can't buy shares in them anyway!!

Yes I misunderstood your meaning of luxury.

One thing I am looking at long term is land. The bigger populations get the more pressure will be to develope for living and feeding.

And I did put it badly too as was not having a go at your personal choices.

No problem.

Those damn shares are up 7% now.

9.77% f*#k sake.

Now up 12.3% and pays 4% yield. Instead I went for these which have dropped 13.7%. Damn it.

Go on j2 what was it?

Sainsburys??

Tesco.

Had about 10 solid reasons to buy them. Missed the boat.

Unlucky.

Best not to dwell on it.

Like the look of sainsburies.

I have a few thousand shares in John Lewis partnership and they have done well this year so think I'll add more next year.

My worry with tesco is the USA operation, bad move.

They are getting out of USA and Japan.

Very good. You not going to buy? What did you decide on instead?

I think some of the other supermarkets are building a better rep than tescos now have.

Tesco will get back the lost ground in my opinion. They have a lot going for them.

I didn't buy anything in the end. Just waiting on the sidelines.

herencia cruising along nicely at 0.4p

I bought Tesco shares today when they fell to 364p.

Got 3 more on my buy list. If HER falls any more I might top up to 50,000-100,000 from my current tiny holding of 23,635.

I'd avoid her lol.

Build a safe holding first.

Next on my buy list is actually another one under 1p. After that I will go for some safer ones. There's several I want based on what I think the future trends will be.


We should have a thread where we post what we hold and post every time we buy or sell something. Would be interesting to bounce ideas.

Not a bad idea j2.

I'm looking at doing a long term holding for my daughter.

A few dividend payers mixed with some cheaper shares with potential.

To be honest her or any low share could go wrong but could also be a big pay day.

You gotta be in it o win it lol.

Agreed, just bought a small amount of Fastjet shares. 1p each.

It's quite funny how i'm now spending pretty much all of my disposable income on this! It beats the hell out of wasting it.

Now own:

HER
TSCO
FJET

It's good that you are investing for future I'm now having to invest more after going mad spending as youngster.

Need a happy medium IMO. Great to be saving but everyone needs a life and to have a bit of fun

I have at the min

Her
Rem (purchased after drink lol terribe move)
Snrp

My biggest investment is in jlp at the min they are fixed price for employees so won't go up in value but are a tax free way of investing bonuses and the dividends have been good.

One thing I have not looked at is the best company to use to buy shares through.

Any recommendations?

get on FRR, KEEP FOR 12 MONTHS .