Harvest Minerals Share Discussion Threads

[mrjackpot777] 18/8/2016 15:16

Aloha Mr Babbler and Mr Evil

We are on the same boat.

Been here since sub 9p :). Aim is a small world, so many crossovers. Unbelievable and they say the world is big.

It's best to stay off the radar from all long shares. I have learnt from the undisputed Aim Champ.

Che Che

777

[h2owater] 18/8/2016 14:40

Shares 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

[evil_doctor_facilier] 18/8/2016 13:00

my pleasure boys.

[soulsauce] 18/8/2016 12:46

From an earlier RNS, gives more of an idea of what the company are about and hope to achieve:-

Commenting on the resource estimate, Harvest Executive Chairman, Brian McMaster stated:

"Completion of this resource estimate, within months of the acquiring the asset in December 2015, demonstrates Harvest's ability to quickly and substantially add value to projects at minimal cost. With Arapua, Sergi, Capella and now Mandacaru, we are steadily building a portfolio of phosphate and potash assets that will enable us to realise our goal of becoming a significant South American fertilizer company. Whilst we continue to acquire and develop other projects, which meet our capital and cost requirements, the short term focus remains on the development of the Arapua Phosphate Project which is progressing according to the Company's expectations."

[soulsauce] 18/8/2016 12:34

Commenting on the scoping study, Executive Chairman of Harvest, Brian McMaster stated:

"Following the successful scoping study, we are focussed on bringing the Maximus target into trial production by the end of the year. The signing of the lease agreement is another key step towards that goal and, whilst our trial mining permit application is being processed, we are engaging with potential mining contractors in order to have them in place soon after the permit is issued."

[janestone] 18/8/2016 12:33

Silly people chucking away pound notes for pennies

[masterboffin] 18/8/2016 12:30

Interesting .. Delayed buy just popped up for approx 170000 shares timed at 0927 hrs . Shares definately in demand .

[charles clore] 18/8/2016 12:22

Another piece in the jig saw puzzle this morning. All coming together nicely. I doubt you will get these for under 50p by the time mining starts.

[soulsauce] 18/8/2016 12:18

Going back up now. More news next week.

Sit tight Johndee, you have obviously seen what I and others have. Potential of very cheap production from Arapua to a vast market on the doorstep plus several other big assets.

[johndee] 18/8/2016 12:15

Hope so. I am in at 14.7.

[soulsauce] 18/8/2016 12:15

Johndee do me a favour there has hardly been anyone posting here.

Great news all coming together nicely.

[babbler] 18/8/2016 12:14

Lol p and d my backside. Just sell in news brigade no matter what. The unresearched. Bye. Means better rise when news lands next week :)

[janestone] 18/8/2016 12:05

Hardly, mc £13m. Lots of potential blue sky. The sellers will get locked out.

[johndee] 18/8/2016 12:04

The usual P & D.

[babbler] 18/8/2016 12:01

Rns out. Land agreement.

[charles clore] 18/8/2016 11:12

Hi luminoso and welcome. I hope we all do well with this.

[charles clore] 18/8/2016 10:42

Evil Doc - thanks for holding the price down for me. :)

[soulsauce] 18/8/2016 10:06

Not worried when we hit 20p. There is a great story building here with excellent mgt and excellent prospects with a cheap product and ready market.

Not a case of if but when we hit 20p and may be more.

[babbler] 18/8/2016 10:00

20p next week perhaps...

[scottishfield] 18/8/2016 09:19

Tks soul; it does seem to have the wind in the sails, looking to increase holdings here for sure. best of luck holders.

[evil_doctor_facilier] 18/8/2016 09:11

Looking good, mm taking my 75k and 50k blocks this morning at 14p bought at 8p (75k ones not yet showing) without cutting offer, always a good sign
Still holding a very lot for 40p.

[pilot48] 18/8/2016 09:09

Think the scalpers and traders have had their pound of flesh but the share price has raged on after they bailed.

[soulsauce] 18/8/2016 09:04

Nice one scottishfield, hope you are reading in to this the same as me. Looks a no brainer but it is nice to have seasoned investors confirm those thoughts.

Stock very tightly held so small buys now making a difference.

[scottishfield] 18/8/2016 08:57

Bought yesterday soul, hope you won't mind me :)