Harvest Minerals Share Discussion Threads

[soulsauce] 09/9/2016 14:02

And CC they have £2bn to spend on building a mine.

[charles clore] 09/9/2016 13:59

Hi brutus welcome aboard. Will be interested to know what your brother comes back with. If he can answer this question I will be most grateful. If Sirius is 4 years from production with a £900m+ mc, why is HMI with vast tonnage potential still under £18m and only a couple of months or so away from income generation?

[npp62] 09/9/2016 13:32

Brutus. You can take my word for it.... They are!... A healthy percentage 'on the take'.... but hey.... Whatever

[mrphiljones] 09/9/2016 13:32

Lol if they really are women....:-)

[brutus8] 09/9/2016 13:26

Hi Charles. I came on board this morning after checking the price reaction yesterday on the admission of warrants exercised that originally took the price down to 18. The Co had issued over 17mln warrants and now have 15,695,500 left. Current shares are 95,576,089 which could go to 111,271,589 if all remaining warrants are exercised. Price per ton of potash currently stands at $ 270. It was at $ 300 at the beginning of the year. Whilst the country is still in a recession, not all of it is bad and the stock market is in a rally since this new president that only has two years to change things around prior next elections. On RT business news they discussed Brasil and stated that they are in a hurry to get things done and change it around. Corruption is as always a concern but then again which country isn't these days. I got my brother to pass on this to his analyst and hope to get some feed back soon on my purchase since I know nothing on Brasil except the women are hot.

[charles clore] 09/9/2016 12:42

Shakey - was Milton Group's 3m increase by warrant conversion or purchased on the open market? Its probably difficult to tell at the moment as there has been a lot of warrant conversions and I suspect most of the selling has been due to this in the form of profit taking. Because of that I am not really surprised that the price hasn't reacted positively to probably the most significant step forward this year; the granting of the environmental permit. That news alone has to be worth a 25% increase in share price imho but it has been masked by heavy selling. Imho, so far, the company has an unblemished record and the current selling is a buyer's opportunity to take advantage of this seriously going places stock.

[soulsauce] 09/9/2016 11:36

Excellent news, for any institution to hold over 10% is serious backing especially for a newish venture such as this.

[shakeypremis] 09/9/2016 10:46

Miton Group hold over 10% of the stock of this company now. They purchased over 3 million shares on the 7th (Wednesday). Good timing...

[johndee] 09/9/2016 08:00

I just realized there is 20 hundredweight in a ton(112 lbs per hundredweight). So 0.1 tons per acre. 50,000 tons will do a great amount of land.

Memories of first year high school returning.

[talkman2] 09/9/2016 07:48

You must have a bloody massive garden Johnwise ! Presumably short ?

[talkman2] 09/9/2016 07:47

You must have a bloody massive garden Johnwise ! Presumably short ?

[soulsauce] 09/9/2016 07:46

johnwise $50+ per tonne profit ;-)

[johndee] 09/9/2016 07:43

205 lbs per acre is adequate(less than 0.1 tons), how many acres have you got then?

[lastdrop] 09/9/2016 05:32

Harvest Minerals has a comparatively cheap early production phase targeted this year, whereas Sirius Minerals has a big British mining project that’s rapidly moving towards construction.
9th September 2016

[charles clore] 08/9/2016 23:08

Well soul, the CEO made it clear that no additional fundraising will be needed to get Maximus to production. So by early October we are looking to receive a 4 year trial permit giving the company scope for a rolling 50k tons of production. Earlier reports I believe put the aisc around $7.50/t and the selling price of the finished article as much as $100/t but lets say for arguments sake $57.50. So thats earnings of $50 x 50000 for the first trial pass with goodness knows how many passes they can make under the banner of trial mining. And thats just with the trial mining permit. Upgrade that to a full mining licence and with multiple sites in Brazil it doesn't take much imagination to see that this company could soon grow into a billion dollar outfit. Yes soul, I agree this should be 30p a share now. I will also stick my neck out and say at least 50p by xmas, all being well with production.

[soulsauce] 08/9/2016 17:04

Thanks sophie.

Video says it all. right product, right place, right time.

And a matter of weeks from production.

Brilliant, this should be 30p+ now.

[sophiegb] 08/9/2016 16:07

new video at Proactive Investors is here:

[soulsauce] 08/9/2016 14:49

Think you are right CC.

[charles clore] 08/9/2016 14:45

Soul - I don't think people have yet grasped the potential scale of HMI's production. As this begins to happen the market cap will grow exponentially imho.

[soulsauce] 08/9/2016 14:33

Thanks chris, the difference in mkt caps is astounding, hopefully that will change soon enough.

[chrisclark1981] 08/9/2016 13:20

Good article comparing HMI with Sirius:

[charles clore] 08/9/2016 11:54

Still some selling holding this back. Possibly converted warrants being sold off. Price should pick up when they are cleared out.

[soulsauce] 08/9/2016 08:06

This bit is very important and should change the valuation:-

The AAF is valid for a period of four years and provides for a "rolling" 50,000 tonnes of production, which means that the Company can produce in batches of 50,000 tonnes at a time, for a period of up to four years. This production capacity is greater than the original expectation of a maximum of 100,000 tonnes per annum. The grant of the AAF also permits Harvest to commence site works ahead of the commencement of production. Accordingly, the Company is finalising arrangements with a contract miner and expects to make an announcement concerning mobilisation of the contractor in the coming week.