HRR 1.69% 5.8¢ heron resources limited

Ann: Notice of Meeting for Woodlawn Funding General Meeting, page-15

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  1. 6,739 Posts.
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    I'm voting no as well.
    That is a principle vote. As far as I'm concerned if these guys are allowed to do that to small investor sand even someone like Buchhorn then there is no point investing in smaller mining stocks.
    Sometimes the chips have to fall where they may but the ultimate call is on the basis of assessing the upside the downside and the principle.

    BTW Miningmad it's a very simple calculation for the SP based on NPV. You divide $A207m by the pro- forma shares on issue approx. $2.5 B. The result is around 8.6c.

    Let's no have this rubbish about 11c whether it was you anyone else.

    Further you see that huge Cu Equivalent in the 4.7m in today's G2 lens drilling. It comes mainly from the 10g/t Au. But the recovery on the Au is around 20% from the feasibility. Smoke an mirrors boys (and girls).
    the timing of the SPP and announcements are sops designed to try and sneak this by us.

    For those of you thinking G2 would be the saviour I think its around 48,ooo tonnes. I'd be surprised if it added 1c to the NPV/share above.
    Last edited by arsenic: 19/07/17
 
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