Harvest Minerals Share Discussion Threads

[barnsey] 05/11/2016 09:05

Fertilizantes Heringer flagged the tightening prospects in Brazil's fertilizer market, which faces further demand growth in the second half of 2016 – albeit not quite to record levels seen two years ago.

Deliveries of fertilizers to Brazilian buyers rose by 12.6% to a record 13.2m tonnes in the first half of 2016, according to data from industry group Anda, compared with a flat supply of imports, and a 2.2% drop in domestic production.

[barnsey] 04/11/2016 20:54

We will find out on Monday, all good i understand.

[andy] 04/11/2016 20:32

There's always one last approval required.

Let's hope it's quick.

[kreature] 04/11/2016 17:42

a federal stamp (tick of approval) is required for approval of the federal approval by the federal department?

00:45

[shakeypremis] 04/11/2016 17:30

I'm sure they could be persuaded for a little discount.

[kreature] 04/11/2016 16:57

shakey...although there are no customers yet (no off-take agreements yet). So I suppose its a case of hope and pray that impoverished locals want to change suppliers?

[charles clore] 04/11/2016 16:02

Where do these creatures slither out from? I don't think he stands a hope in hell of making anything by shorting this. Imho he is one crazy muddafukka!

[shakeypremis] 04/11/2016 16:01

You are right Kreature. They seem to already have the trial license:

2:56 in to the Vox market podcast (not latest video) Brian McMaster can be heard saying the following:

"We currently have, State, Federal and Municipal permits in place for trial mining period of 4 years at a rolling 50k tonnes per annum, which in reality means circa 400k tonnes per annum for four years."

[kreature] 04/11/2016 15:50

Podcast 2:55

"State, Federal, and Municipal permits are in place for a trial mining period of 4 years"

warrants......were they that significant? - will take a look

[shakeypremis] 04/11/2016 15:46

It is not delayed. They were due to start AHEAD of schedule at the end of October but now they are going to start ON SCHEDULE mid-november due to expansion of stockpile and plant area.

I am as wary as the next person when it comes to believing management claims but what else do we have to go on exactly?

[kreature] 04/11/2016 15:37

They said they have enough cash to bring the project into production. Production is supposed to start this month. That's the third week of November delayed from the end of October). Will be interesting to see what discount a placing would be to share price Should be an interesting month and very little chance of "100% uplift in current stock price", in my view. Take care. ATB.

[shakeypremis] 04/11/2016 15:33

I'm not really sure whether the permit has been awarded or not to be honest and whether even if it hasn't they are permitted to start anyway. The video stated that 50k tonnes WILL BE MINED before the end of this year.

[soulsauce] 04/11/2016 15:32

kreature has your mathematics calculated all the warrants that have provide extra cash for the last 3months?

[andy] 04/11/2016 15:16

kreature ,

wow $400K per month and he can't afford any business cards! :-)


Shakey, presumably that's when the permit is issued, not before?

"the permit" always rears its ugly head at some point with these things, it's so frustrating because clearly the company will be optimistic with the timeline, and the frustration builds when there is a delay.

Let's hope this is different, time will tell.......

GLTA

[barnsey] 04/11/2016 15:14

Vox interview forget mathematics.

Chairman said,right we have made it CLEAR to the market on NUMEROUS occasions
that we have enough cash in the bank to fullfill our imediate objective to
bring the business in to production.
The business will then be cash positive,clear enough for me.

[shakeypremis] 04/11/2016 15:10

They are also going to be making about 1.6-2m a month in profits selling the phosphate from Arapua. 400k tonnes per year, sold for the mid price of $65 (may even achieve more than this after a while), minus the expected production cost of $7/tonne.

(400,000 x (65-7))/12 months = (400,000 x 58)/12 months = $1.93m/month profit from Arapua.

[kreature] 04/11/2016 14:53

It's mathematics. Check it. ATB

[soulsauce] 04/11/2016 14:51

So you have worked out what you think they have but really have no idea and not taken into account what the company have said in successive interviews.

Bravo!!

[kreature] 04/11/2016 14:05

Perhaps I'm wrong, my maths is not good. I calculated that they are burning 400k per month (taking account of the last placing). 4m remaining end Dec 2015....therefore 400k per month for 10 months = out of cash. But you may like to check that and DYOR etc

[shakeypremis] 04/11/2016 13:05

Why do you think this is due for a placing given what management have said?

[kreature] 04/11/2016 13:04

Thanks for your concern. I made money on SEE. Lost a chunk of what I had made...but overall I am up on that particular AIM exaggeration.

[shakeypremis] 04/11/2016 13:01

Kreature, are you bitter because you lost a tonne of money on Seeing Machines?

[kreature] 04/11/2016 12:57

Good video, nice photography. It may as well have imminent placing written all over it though, in my opinion. GLA

[shakeypremis] 04/11/2016 10:14

Yeah you've got to be careful, easy to make a mistake with pricing.