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
  -0.625p -3.31% 18.25p 18.00p 18.50p 18.875p 17.625p 18.875p 455,141 15:53:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 18.13

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Date Time Title Posts
21/10/201614:35Harvest Minerals (Potash Exploration in Brazil)1,084
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 18.88p.
Harvest MI (DI) has a 4 week average price of 18.28p and a 12 week average price of 15.92p.
The 1 year high share price is 56.50p while the 1 year low share price is currently 0.60p.
There are currently 99,335,089 shares in issue and the average daily traded volume is 312,395 shares. The market capitalisation of Harvest MI (DI) is £18,128,653.74.
lastdrop: sharesmagazine HMI We think there’s more to come. Beaufort has a 32p price target implying 72% further upside from the current share price. We share this bullish view
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.
regandharry5: If I could ask,,it seems most people agree that thing main thing holding this back is the mining permit.So if this permit was a "gimme " why isn't the share price higher.If the permit is gonna be held up what is that going to do to the share price.
charles clore: The market sees the Edwards' holding RNS as negative? The share price dips below 18p for the second time in a month. There are warrants being exercised with resultant profit taking holding down the price. But theres a sideways consolidation taking place with penant in play. The next move up when it comes should take the price into the 30s imho.
dice1950: Expecting a good Harvest Harvest Minerals, the budding natural fertiliser developer focused on Brazil, has put out yet another positive announcement this week sending its share price higher. Staff reporter24 Aug 2016 The company released a positive scoping study for its Arapua project on August 10, showing a low-cost 100,000 tonne per annum project that could cost just US$800,000 to bring into production but had a base case net present value $1.1 million to as high as $42 million, depending on the sales price it could achieve. The company said it was fully funded to build the mine and expected first production this year. Harvest followed this news with a land agreement announcement a few days later and has this week added positive results from agronomic and metallurgical testwork conducted on the ore. The share price has almost tripled over the past month to $0.20. Having increased 51% in the past week alone, the company sits near the top of the London and Johannesburg best-performed table. Harvest has a market capitalisation of $19.21 million.
dice1950: HARVEST MINERALS HMI Market Cap: £16.7m Price: 18p Spread: 4.4% Hot-stock Harvest Minerals have announced the positive results for the latest agronomic and metallurgical testwork. This testing was in relation to the Arapua Fertiliser Project based in Brazil. The company suggest the results of this testwork have “exceeded the Company’s expectations”. The results show materials to be of a high grade. There are no toxic elements revealed in the testing process. Solubility results were “excellentR21; – 90.99% to 95.00% in 2% citric acid, which is close to the acidity levels of the soils (in the Brazil region). The pH was almost neutral (6.5 – 6.7) suggesting the fertiliser could be used a neutralising agent. The product grades can be increased by a wet sieving process, a simple low cost process. The results appear very promising. As a result of this study, the company have made an application for its Direct Natural Fertiliser product to be classified as a “soil remineraliser”. The company feel this would offer longer term marketing benefits. The company appears to have a decent upcoming newsflow. They are expecting the announcement of their environmental permit in the “next few weeks”. Then, the company hopes to secure its trial mining permit, which is in the process of being applied for. Additionally, the company are hoping to undertake a drilling programme by the end of the year. These latest results are excellent and well beyond our expectations, in particular regarding the solubility, which we believe, is better than for any similar product currently in the market, Brian McMaster This looks promising to me – the company has real momentum behind it. However, I am wary of what happened with Asiamet, who produced fantastic results that exceeded expectation only to see their share price tumble. Unfortunately, this was case of traders looking to make a quick buck. This stock has had a fantastic run, I’ll be interested to see how it performs today.
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.
charles clore: Babbler - I know. Absolutely amazing! I have tried to justify the Sirius share price with its almost £900m market cap and find it impossible - and yet its shares are rising fast. Which means HMI is still well undervalued imho
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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