Share Name Share Symbol Market Type Share ISIN Share Description
Harvest MI (DI) LSE:HMI London Ordinary Share AU000XINEAB4 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +2.41% 10.625p 10.50p 10.75p 10.625p 10.375p 10.375p 183,084 14:00:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 12.41

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Date Time Title Posts
24/5/201709:16Harvest Minerals (Potash Exploration in Brazil)2,455
09/10/201621:14Harvest Minerals Limited’s (LON:HMI) Solubility key to Arapua 67

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Harvest MI (DI) Daily Update: Harvest MI (DI) is listed in the Mining sector of the London Stock Exchange with ticker HMI. The last closing price for Harvest MI (DI) was 10.38p.
Harvest MI (DI) has a 4 week average price of 10.25p and a 12 week average price of 9.88p.
The 1 year high share price is 24.50p while the 1 year low share price is currently 3.50p.
There are currently 116,838,589 shares in issue and the average daily traded volume is 66,406 shares. The market capitalisation of Harvest MI (DI) is £12,414,100.08.
andy: kreature, Everyone avoids taking blame these days, so a scapegoat has to be found, in this case "BB posters". It's laughable really, there's only mild criticism here at best, and yet the CEO blames those posts for the falling shareprice! When the share price was being pumped and raced ahead, I notice he wasn't expressing concern about it getting ahead of itself! If it goes up, credit to HMI, if it goes down, blame BB posters, Hmmmm! You really couldn't make this up, oh sorry, he just did! I wonder if he's found his presentation email contact list yet?
kreature: Anyone know who and what comments they are referring to in the article ? : 'Harvest Minerals (HMI:AIM) has blamed a recent 50% share price decline on people spreading malicious comments online.' I would have thought the decline would be due to significant shareholders dumping say 8 million shares, no ?
andy: kreature, That sort of prediction always comes out when a share price is under pressure. Broker or 'research' notes are designed to get people excited, and buy the stock. It worked here in the short term, but the Shares mag article blaming 'bloggers' will work against them, IMO.
andy: Interesting that a broker buy note had to be released, it shows the company were concerned about the falling share price. The only problem being it allows the sellers some good liquidity to sell into, and then often the price continues downwards after the buy note buying dries up. Not necessarily as positive as it first appears.
whl2: Harvest Minerals Ltd’s (LON:HMI) house broker Beaufort Securities is earning its corn with a bullish update and a price target of 32p or three times current market value. The core of the valuation is the Arapua licence, where this week the Brazil-focused fertiliser group substantially upgraded its Maximus prospect. There was a 37% increase to the high grade tonnage to 1.2mt within a 1380% overall rise. Beaufort adds that from here the share price performance should follow "field trial progress at Arapua, new customer wins, testwork results, stonemeal certification and first sales". “Test work thus far and the views of Harvest’s agronomist give us confidence that the KPFértil product will be saleable at or around US$60/t,” said the broker, which has a buy rating.” Beaufort sees the mine developing in two stages to a 500,000 tonne annually operation, capex of US$1.0m, total mine operating costs of $7/t and a conservative long-term sales price of $55/t. For a mine life to 2028 that gives a net present value [future cash flows] estimate of US$68mln, to which the broker has applied a 40% risk factor discount. The broker also notes that Harvest based its latest resource estimate on only 6.7% of the area identified through mapping as Kamafugite and only from the upper weathered zone. Extrapolating from the last upgrade would push the mine life out to 40 years. Beaufort attributed US$12.5mln for the smaller potash project and added that worries over the cash position are overdone. Beaufort expects Harvest to have cash of around A$0.7mln at the end of this year before income from any sales of its KPfertil direct application fertiliser product. That compares with A$1.5mln at the end of December a sum that has since been bolstered by an A$1.57mln warrant issue. Shares rose 17% today to 13.2p.
whl2: Gosh, just in from work and its the end of the world - HMI price not doubled today! Several people seemed glad to put doubts in shareholders minds yesterday and today - please sell your shares as I'm happy to buy more - obviously the cheaper the better! Only a small shareholder 115k shares (all paid for) and happy to wait and see company grow next year. Comparisons to SXX are irrelevant to me as its future annual profits will be immense when up and running so good luck to their shareholders. I'm just happy to hold and increase my holding in HMI when the opportunity arises. Good luck to all, and happily awaiting the permit
shakeypremis: Those calcs give a price to earnings ratio (19p share price, 3.2p earnings per share) of about 6 which is not exactly high. The earnings have vast scope for increase so a PE of 6 is far from overvalued. Quite the opposite in fact. With the rolling 50k of production allowed under the trial license we could see up to 350kt mined in a year which makes the total amount of profit 3.5x higher at $14m (£10.775m at current USD/GBP exchange rates). That makes the PE ratio 1.7 (assuming a 19p share price and 96,000,000 shares in issue). Of course we are going to see more dilution, but not by a whole lot more, I think the total number of shares that will exist is something around the 110m mark (I can't remember, perhaps someone can clarify). Even then we are still looking at low PE ratios with massive scope for growth.
janestone: You're all close.... but not quite right. There are £1.2m of warrants outstanding at 8.8p, and they'll be taken at some point (but it will be positive as it will add £1.2m to hmi's coffers). And so TW wasn't far off. I think that what happened was that when the share price was over 10p Beaufort phoned some of the warrant holders and asked them if they wanted to sell their holdings and maybe some indicated that they did and so someone went short, anticipating that the share price would fall. And then the warrant holders possibly read the news and thought that they'd hold on (or maybe the BOD phoned them to advise them to hold) hence a short squeeze (and I really hope that tanvier malik went short... but that's another story!!) But even if the warrant holders took up their options tomorrow, it shouldn't affect the share price as they're not obliged to sell them into the market and they could take the new shares and hold on for £1 (and they'd be silly not to). Call it a placing, it will happen, but it will be a blink and you'll miss it event, and if it does reduce the share price in any way then I'll be along to buy more. Expect shares to be released at 8.8p, but don't expect it to make a difference to the share price and don't expect the warrant holders to sell them cheap.
charles clore: OFF TOPIC brutus8 - I have to say that I don't know much about the fertiliser sector. I was tipped the wink about HMI last weekend and everything I know is the culmination of one week's research into 2 or 3 companies. My main interest is in precious metals and even in that area my knowledge is only borderline. However, from my brief research I gather AFPO is a supplier and distributor of fertiliser with a jv interest in a company that has ongoing exploration activity. They use altruistic language in their reporting so maybe they are humanitarian but as you say that doesn't sit easily with the word profit! Their share price is quite peanut-like I agree. But some low market cap companies can give incredible returns - if you catch them at the right point on the curve. To be honest although these guys appear to have a credible infrastructure with a nice supply and distribution agreement they don't seem to have much luck bringing home the bacon. I haven't been able to find out whether they recovered the $US10m owed by a customer yet but when it was reported earlier this year the share price fell significantly. The business has changed direction from being an explorer and isn't really cutting it for me. It seems complex and has loose ends imho so I personally wouldn't buy into it - but please dyor.
h2owater: in Harvest Minerals soar as first fertiliser production nearsShare 10:21 18 Aug 2016Harvest is now within a few months of trial mining at ArapuaShares in Harvest Minerals soar as first fertiliser production nearsBrazil is crying out for more locally-produced fertiliserShares in Harvest Minerals Limited (LON:HMI) have shot up to new all-time highs in London in recent days, following the release of a scoping study that examined the economic potential of developing the Arapua fertiliser project in Minas Gerais, Brazil.The shares bounced from trades at around the 4.75p level at the end of July to a high of 11.62p in morning trade of 17 August.That puts them at more than three times the 12-month low of 3.625p hit in February and more than 20% above the price the shares first traded at when they listed on Aim in September of last year.All told, a very good performance."The project's where we wanted it to be," says Brian McMaster, the company's chief executive. "We banked the cheque in January and here we are seven months later with a clear line of sight to getting ore on the ROM pad."The cheque in question refers to the US$3.6 mln fundraising that Harvest undertook in November of last year with a view to bring Arapua into production with a minimum of further fuss.There are still some hurdles to be cleared, but none that McMaster thinks are insurmountable."We're finalising the process for our permitting," he says. "It's not a complicated process and the government has just gazetted a plan to make fertiliser projects a priority. We've got to retain a contractor and we've got a quote on the desk already."What it adds up to is that first production from trial mining is likely to take place before the rains set in this November."We'll do 100,000 tonnes in the first run under the terms of our trial mining license," says McMaster. "And we'll sell it all. Then we'll go back and apply for a full mining license and we will roll out the rest of the property."But just how much will Harvest be able to sell the product for? This is a moot point, as the product mix is somewhat unique in terms of the relative amounts of potassium, phosphate and calcium contained, but there's no doubt a market is there.There's only one major producing fertiliser project in the whole country, and Brazil is forced to import around 90% of its overall requirements. So McMaster is confident that Harvest will be able to sell product almost at the mine gate, and certainly into a market right on the company's doorstep."A realistic scenario is that we'll sell at between US$50 and US$60 per tonne," he says. "That would be a price set in essence by benchmarking the existing market."At this point, it's worth noting that the scoping study reckoned mining costs would come in at around US$7.60 per tonne, and employed extremely assumptions in regard to possible price: between US$15 and US$120 per tonne."At US$15 it still makes margin," says McMaster. But he remains confident that the price Harvest will get will be much higher, and also hints that costs could go even lower.It's in that context that the market has suddenly woken up to the potential of Arapua and boosted the share price accordingly.Assuming that Harvest buys in all the necessary equipment to get mining, Arapua could be put into production for around US$800,000, although McMaster mentions an alternative contract mining scenario that could bring capex down to US$350,000.That's more than covered by last year's funding and means, as McMaster says, that there is indeed "a clear line of sight to production."After that a dividend is likely to come pretty sharpish, and that in turn should generate further support for the share price.Share Alastair_55b0a5ec88c28.jpgAlastair Ford
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