Harvest Minerals Share Discussion Threads

[kreature] 27/11/2016 19:46

I think I'm right to say that the timing of the 1m payment requires clarification,

and right to say that they were/are looking to buy a new digger

and right to say that a placing could be imminent

However, I'll read through all of the RNSs to double check.

ATB

[andy] 27/11/2016 17:18

Charles,

Who are you calling a fool out of interest?

[soulsauce] 27/11/2016 16:58

Quite Charles.

YP was just using sxx to make a point. I am aware there are many more differences.

[charles clore] 27/11/2016 16:45

Good point Soul. I would also advise the placing, digger and $1m payment advocates to research more thoroughly before posting. You can find all the answers in interviews and news announcements. So much easier than guessing wrongly and you look less of a fool in public.

[soulsauce] 27/11/2016 16:03

Because I have been in since 8p old boy and already made lots on this share. Up to now they haven't put a foot wrong. Yes things are taking a little longer than expected but that's mining for you.

You have made your point quite clear over recent weeks so to come on here spewing the same diatribe week after week and not be invested is only to cause mischief and seek to wind holders up.

Perhaps you should why is this only valued at £17m when SXX is valued at £450m and years away from production and customers?

Are you actually invested in anything?

[kreature] 27/11/2016 15:50

soul, perhaps there will be an opportunity to buy. Though at the moment I only see an opportunity to sell. Why are you invested at this level soul? market cap is 17m with no customers, no mining permit, and they probably have less than 6 months cash left... have you lost the plot?

[soulsauce] 27/11/2016 14:40

kreature if you are not invested why are you interested?

[kreature] 27/11/2016 13:48

Why didn't anyone think to scratch the surface and dig from the field next door before now? Is there enough Potassium in the Brazilian Potash ?

[andy] 27/11/2016 13:02

kreature,

Yes I'm sure the overall market is huge, they just have to displace the imported product with their own.


I doubt the farmer cares where it comes from , price and quality will concern him more

[andy] 27/11/2016 12:59

ieh fan,

Never say never!

It's served me well in the past

GLTA

[kreature] 27/11/2016 12:02

Andy, look mate, money grows on trees. Brazil imports 90% of the potash it needs, the rest produced by Vale. That doesn't appear to have changed much since 2012?

[ieh fan] 27/11/2016 11:58

Andy: For the 19th time, there will be no placing for Arapua.
Sake. Do some research.

[kreature] 27/11/2016 11:31

I think claification is required on exactly when the 1m is payable but I think you'll find that it is probably due immediately if they get the permit and start production . Either way, they said the remaining cash was enough to get them into production. So that's also about now. They've already indicated that there are no customers without a product and they were doing their very best to find a local farmer/s to see if maybe they want to try a bit of it. GL

[andy] 27/11/2016 10:41

kreature,

re the $1 million payment at the "start of commercial production". Has is been stated as a fact that trial mining is deemed "commercial production" or not?

I was under the impression a trial wasn't "commercial", but I'm open to correction if anyone knows for sure. If nobody knows, I'm amazed the company hasn't been asked this question.

I agree money looks a bit tight, so I would't rule out a placing, Canadian miners often do one just before mining commences, it's a good time to do one as revenue is imminent, and so it's easy to get away.

With the Christmas period looming, a placing will have to be done quickly or they will have to wait a few weeks.

The real issue, IMO, is how many customers do they have lined up for their product, upon commencement of production?

[kreature] 26/11/2016 21:59

well, they were supposed to have the trial mining permit in hand , and have begun production around the end of October. So it seems obvious to me that there's a delay for some reason. Also it seems a bit odd to me that the trial minimg permit was previously expected to be issued immediately on completion of civil works at the end of October. And now it's just an inspection on completion of civil works, with production to begin by the end of the year.

I calculate (but my maths is not good) that the company is probably burning around 200k p/m but most likely more than that since the start of the civil works. A total payment of US$1,000,000 is payable at the commencement of commercial production. So that would be payable before the end of the year in my opinion, and not in four years time as some have suggested on here. Those who think that 'commercial' means after the trial period, perhaps misunderstand the meaning of the word 'commercial'. Check your dictionary, the word 'commercial' can just mean a large amount of volume. I'm sure they won't be giving away trial volumes for free anyway.

So after the payment of $1m (if they get the trial mining permit), then I think somewhere between $800k and zero cash will remain. i think there was also talk of buying a digger. So definitely not the time to be buying shares in my opinion. If production is to start before the end of the year, then I think a placing would be imminent. I think the best time to announce a placing would be at the same time that the start of production, or when the permit is announced. But with no customers announced, & burning 200k p/m with $1m to pay, plus a digger, I think it's well past time for a placing. Possibly only days away, if not only hours before there's a placing.

My opinions only. ATB

[charles clore] 26/11/2016 10:48

The filter button should normally be used sparingly but in this case i will make an exception

[kreature] 26/11/2016 10:48

morning all....is it not correct that there are no customers, and no final permit yet ? how much cash remains ? thank you

[ieh fan] 26/11/2016 10:43

Good point Soulsauce,
Thought he was an irritant on the HMI board but those poor people at QFI who get his 'wisdom' every day.
Why do people crave attention so badly?

[saucepan] 26/11/2016 10:40

FWIW, my view is "chill". What are a few days in the big scheme of things? There is every reason to believe the permit is imminent and that the rest of the story is on track.

We have just suffered a bit of low volume drift and there may even be an attempt to shake out weak holders if good news is imminent and others want shares.

[soulsauce] 26/11/2016 10:36

Chaps all you need to do is visit his or her profile and look at the posts about other companies, all along similar lines.

[whl2] 26/11/2016 10:24

yup, exactly - a scam. No need for you to post again Kreature -bye!

PS filtered

[kreature] 26/11/2016 10:20

so what's the latest here? no customers, no final permit, and a field in the middle of nowhere with the turf scratched off ?