placement

its not every day you see a mining company able to place stock at basically market price, specially one that is very illiquid in terms of trading, but HER have managed to do just that placing 3.5 mill shares at 85c.

I'd also suggest this indicated that Macquarie one of the likely companies involved in the financing package and that in the interests of their 'new investment' the package should be quite attractive for HER.

Hopefully this will spark some more insto interest (many watch Macquarie closely to see which mining companies they are getting into). Its pretty tough to get shares in it though.

Today's other ann (feasibility update) of $135US mill expected CAPEX is very much a ceiling figure imo, and is likely to be reduced significantly...which the ann pretty much hinted to anyway.

Cdchi1