Harvest Minerals Share Discussion Threads

[kreature] 27/12/2016 23:09

thanks. Looks like they only initially plan to sell a soil stonemeal/remineraliser (rather than a plant fertiliser) because fertiliser 'must' be registered with the Ministry of Agriculture. Yet the broker says they should sell 45,000 tons of material taking $2.7m before the end of June 2017. Is that really possible?

RNS Aug 2016
‘We are able to sell our products without registering with MAPA and to assist in the marketing, we are planning to register them initially as a "stonemeal/remineraliser" and then as a Potassium and Phosphorous fertiliser, which is likely to broaden the potential client base.’
------

‘MINISTÉ;RIO DA AGRICULTURA’ Brazilian gov wesite (Google translated):
Fertilizers, correctives, inoculants and biofertilizers are basic inputs.........
...Establishments that produce, import, export and market inputs must be registered with the Ministry of Agriculture, as well as products manufactured or imported.
hxxp://www.agricultura.gov.br/vegetal/fertilizantes

[andy] 27/12/2016 20:15

kreature,

from the (very old) presentation on their website:

Flotation test work on weathered kamafugite rocks has delivered
a mass recovery of 20.4% with an average grade of 25.2% P2O5.

The apatite-rich rocks are nearly horizontal and strongly weathered
providing for an easy mine operation.

[charles clore] 27/12/2016 19:00

Err... What do I know? I'm just a layman here but here's my take on it. Doesn't crushing the rock and thereby making it water soluble aid nutrient absorption into plants more quickly instead of having to wait thousands of years for the rain to do it? I thought that was the whole point of mining the stuff. I leave the tricky theory and formulas to the experts but one should never ignore the knowledge and wisdom of a troll.

[kreature] 27/12/2016 14:50

soul, assuming that Geology is one of your chosen subjects, as you mention it, would it be possible to explain how the minerals in the rock are made soluble to the plant, and how long is that process likely to take? I think the share price could move dramatically with so few shares in the free float. So I don't think this is one to bet the farm on just yet, especially without really understanding how the product would work.

[buffythebuffoon] 27/12/2016 13:36

I have filtered the idiot but may as well not have done with people responding to him all the time. If you ignore him he will go away. He just wants attention.

Probably an only child, or if not, shunned by his siblings.

Buffy

[kreature] 27/12/2016 12:17

I don't understand why the rock would want to disolve now and be soluble as a plant fertiliser, when presumably it's been happy to have been a rock at the surface for so long ?

The mud field on the south side of the ridge is the stockpile area, not the actual mine site. I think the intended product is the rock on the north side.

[janestone] 27/12/2016 11:35

I debated over my choice for the 'stock to double' competition this year, as there are several on my list. However, I went for Clon. That leaves HMI open to be nominated.

[kreature] 27/12/2016 11:34

They've got the mining permit, plus the first potential customer......

but wouldn't the rock fertilizer have washed away over that last few thousand years if it were soluble and available to plant life ?

[soulsauce] 27/12/2016 10:09

For someone who does not hold he spends a long time on this BB trying to persuade others that they are foolish to be holding.
There are a lot more reasons to be holding now than when I bought my first at 8p and the whole project and company has become significantly de-risked.
Of course there are still hurdles, show me a stock that hasn't any hurdles, but this could be the beginning of a sizeable fertiliser business and I am glad and excited to be in to see where it takes us.

I would just advise all on here to go to kreature's profile and look at what other companies he posts about and you will see he hasn't a good word to say about anything, just an out and out troll.

[whl2] 27/12/2016 00:21

Fill in the blank !1!!!

DESPERATIO_

[kreature] 26/12/2016 19:46

Just saying that perhaps it might be best to sit and wait to see what emerges from the nest?

says here that you might need to wait years for rock potash to fully release its minerals. How long are the growing seasons in Brazil?

'Rock potash is very slow-acting (it may take years to fully release its minerals). Because the potash is released gradually as the mineral weathers, it is usually used when preparing the soil for planting.'


Do we know how long the geological timescale is for plant-availability of the potassium in the rock to be mined?

'Finely ground primary soil minerals, for example feldspars, are offered as ‘rock potash’ fertiliser but the plant-availability of the potassium in such materials depends on the origin and the mineralogy of the parent material. It is possible, as with matrix K in soils, for a material to contain K but not to release it except over a geological timescale.'

[charles clore] 26/12/2016 17:43

Is the troll drunk?

[kreature] 26/12/2016 12:03

Long or short, I think bears and bulls should take care here.....The doorway could get narrow to get in or to get out. Not one to bet the farm on (yet), imo.

[janestone] 26/12/2016 11:35

kreature

If you're going to 'flop' then do it soon. I see this as one of my shares for 2017, the right product, licences in a stable country, and don't rule out the hint of 'developing other projects', which could be projects already held by HMI.

[kreature] 26/12/2016 03:19

Well, breakfast would be nice if you're cooking? I have a rather insignificant short position here at the moment but I'll probably open a more chunky short on Wednesday, then see how things go. I might change to a long position if the drilling results and the other tests are good...but I just don't see any rush to buy at the moment. What is the next catalyst to push this forward, apart from the drill results? Isn't this bound to drift lower from here anyway as there are all sorts of other test results to wait for? Just my opinion as always. dyor ATB

[soulsauce] 24/12/2016 08:54

And then you woke up and had bacon and eggs for breakfast.
What planet are you on you moron.

[kreature] 23/12/2016 20:50

my guess is 25m shares placed at around 15p to raise around £3.75m, and announced with probably excellent drill results from the lads. Timing before the end of January but most likely next week. Just a guess but probably right. ATB

[andy] 23/12/2016 18:11

Charles,

Exactly!

If you are in a good position, and you need some cash, you do it from a position of strength.

One Canadian CEO I know has a motto, "you don't turn down money when it's on the table", and he's right, IMO. (I could tell you a few sad stories that prove his theory!).

I expect BM to be able to arrange a good deal if he has to, they're under no selling pressure, and have just released positive news.

[charles clore] 23/12/2016 17:23

We have seen the first of the new contracts with probably more to come in 2017 so if capital is to be raised for the purpose of advancing operations, now is the time to be thinking about it. The share price is healthy, operations are meeting deadlines, the government is on our side, sentiment is positive and in the new year analysts will be running the slide rule over this company to see what sized slice they can get for as little as possible (I suspect that is where the troll comes in). But make no mistake, Brian McMaster is no fool. If he doesn't get the right kind of deal he won't play ball. The company is capable of moving forward on its own cash flow, albeit more slowly. But he is no slouch and I suspect he will want to see production increase to a rate of 500k tonnes p.a. by next year if possible with annual turnover of $30m. If so, he will have to borrow from future earnings either in the form of equity placing or debt finance. Thankfully he is a master of both.

[shakeypremis] 23/12/2016 15:46

I agree with that Andy. There is a chance there will be a placing, I hope not however. Based on everything we've heard from the company it sounds like there won't be one. But as you said, I wouldn't be surprised.