Harvest Minerals Share Discussion Threads

[babbler] 19/8/2016 09:15

MrJackpot I'm afraid I don't remember you? Apologies. I meet a lot of people on the forums and your name is unfamiliar to me.

[babbler] 19/8/2016 09:14

Soul... Not yet. News due next week. So won't drop yet. Some selling from 8p buyers.

[soulsauce] 19/8/2016 09:09

Thought we might have had some consolidation today before the weekend but good to see we are still in the ascendancy ;-)

[pilot48] 19/8/2016 08:53

Many traders sold the story of a re-rate being over due but didn't believe/research the story fully. Even at 15p, doesn't really scratch the surface. That article yesterday was huge as HMI won't be doing a trial mine for several years etc, it'll do a 100k run, "sell it all", then apply for a full licence and roll out the rest of Maximus/Arapua. 97% of Arapua left to process and with those beastly margins the share price has more to go for fair value.

Oh yeah, and there's still new DANF projects they could get for more short term cash generative opportunities and also develop Capela/Sergi.

[janestone] 19/8/2016 08:50

Whatever happens to the global economy, people need two things, food and energy, with food being the more vital of the two (which is why demand for potash will continue).

[soulsauce] 19/8/2016 08:47

Still in demand and why wouldn't it be ;-)

[andrbea] 19/8/2016 08:44

Aug. 18


Demand in Brazil

While U.S. farmers fret about tight margins, Brazilian growers are spending, buying record volumes of fertilizer in 2016.
Fertilizer deliveries in the first seven months are up 10.4% on the year at 16.5 million metric tons (mmt), according to the Brazilian Fertilizer Distributors Association (ANDA).
Favorable terms on the purchase of fertilizer and other inputs in return for delivery of the future crop has led to a rush of deals ahead of the 2016-17 planting season.
/////

A decline in international fertilizer prices has offset a strengthening of the Brazilian real in the last quarter.
As a result, farmers are investing in fertilizers once again, in part to make up for the deficit caused by under-fertilizing last year.

[pilot48] 18/8/2016 22:51

Add in the kicker it's closer to production than SXX and debt free.

[charles clore] 18/8/2016 21:44

Thanks guys for sharing the benefit of your knowledge. ADVFN needs to update!

Soul - you cannot be Sirious!! No kidding though that is a real eye opener isn't it! And have you seen the way it has grown over the past few months? People must be looking at this and thinking Wow, if Sirius is almost £900m market cap and Harvest is only what, £16m? Let's get in there and have some of that!.

[h2owater] 18/8/2016 21:40

Garvis Williams Gervais Williams joined Miton Group plc in 2011. He manages a number of funds that aggregate to over £1bn, including the Miton UK MicroCap Trust. He is also Managing Director at Miton Group plc, the independent listed fund management group. His fund management career extends over 30 years including 17 years at Gartmore Group Ltd, where he was head of UK Small Companies investing in UK smaller companies and Irish equities. Gervais is a member of the AIM Advisory Council, a board member of the Quoted Companies Alliance and a board member of The Investment Association. He is also on the EU Taskforce reviewing why the number of smaller IPOs has declined over recent decades. Gervais Williams published his first book 'Slow Finance' in the autumn of 2011, and his second book 'The Future is Small' was published in November 2014. Gervais is Fund Manager of the CF Miton UK Multi Cap Income Fund, CF Miton UK Smaller Companies Fund, Miton Income Fund, Diverse Income Trust plc, The Investment Company plc and Miton UK MicroCap Trust plc. He was recently awarded Fund Manager of the Year 2014 by What Investment.

[masterboffin] 18/8/2016 21:14

I agree CC . In fact , the Miton investment group own 7% of this company (6.6 million shares) . Miton group includes Gervais Williams as Managing Director who is a pretty big name in the investment world .

[h2owater] 18/8/2016 21:14

34 m free float, even less with all the buying last week!Shares: 93,991,202 58,427,333 Shares (equivalent to 62.3 % of the Company's issued share capital) which are not in public hands (as defined by the AIM Rules)http://www.harvestminerals.net/significant-shareholders

[soulsauce] 18/8/2016 20:49

CC when you look at sxx valued at £900m who are having to spend billions to make a potash mine in north yorks and we are valued at 12m and can dig it straight out of the ground puts it in perspective ;-)

[charles clore] 18/8/2016 20:27

Soul - unlike gold and silver which we know is heavily manipulated a non-volatile high margin commodity like this is bound to attract some interest from the investment funds sooner or later. Especially as the market cap increases. I wouldn't be surprised to see one or two holdings announcements soon.

[soulsauce] 18/8/2016 20:13

Or probably just some smart buyer(s) ;-)

[charles clore] 18/8/2016 20:09

Not sure Soul. Maybe referring to a Saudi interest?

As for the price - with only about 55m shares in free float and 7m traded today I'm not surprised this is moving up fast.

[soulsauce] 18/8/2016 18:41

Who is value king & brothers?

[mirakuru man] 18/8/2016 18:32

Value King and his 7 brothers can't get enough of HMI

[big bull billy] 18/8/2016 18:25

Nice after close delay reporting

[soulsauce] 18/8/2016 16:54

Not a charge but certainly another strong finish ;-)

[bigtune888] 18/8/2016 16:01

charge in the close?

[soulsauce] 18/8/2016 15:42

h2o thanks for posting the proactive piece pretty much sums up where we are but takes very little in to account of the other prospects. May be HMI could find a buyer for one of these and have a nice cash holding to bring on one or more of the others.

Not surprised there is a contract already on the table, I would imagine given how Brazils economy has been that transport companies will soon be queuing up. No wonder they think they can cheapen the OPEX.

[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.