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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Harvest Minerals Limited | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 1.80 | 2.20 | 2.00 | 2.00 | 2.00 | 137,405 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 8.63M | 198k | 0.0010 | 20.00 | 3.78M |
Date | Subject | Author | Discuss |
---|---|---|---|
07/3/2018 21:01 | yp, Thanks for the information. So they can only rollover trial mining licences in that area, which makes sense now. | andy | |
07/3/2018 21:01 | ! rogerny7 Mar '18 - 18:42 - 4087 of 4093 0 4 0 ''The main part, they have an agreement to sell 50 KT of $60 per ton looks fine to me, it looks like a sale to a distributor for a fixed price.'' They have no such agreement! If you're to bash this at least read the RNS properly! ----- Why the aggression? You're so anxious to start a fight you missed the fact that my post was positive! Ok so I made a typo, but I was clearly agreeing with the posters that were positive about the news, because I think it's at least a step in the right direction after a lack of substantive news. Sadly lost on you though, maybe you should read a bit slower next time before letting rip and making yourself look foolish? | andy | |
07/3/2018 20:51 | thanks yp, some great posts today - good to see long term holders rewarded. No way am I selling any of my 290k. | whl2 | |
07/3/2018 19:48 | Cfro what part of this isn’t sufficent info?! Harvest Minerals Limited (AIM:HMI) is pleased to provide an update on the future permitting at its 100% owned Arapuá Fertilizer Project ("the Project") in Minas Gerais State, Brazil. Highlights · Trial Mining Permit extended, allowing Harvest to continue mining on a rolling 50kt basis; · Full Mining Licence application to be submitted in April 2017; Trial Mining Permit and Mining Concession As previously announced on 22 December 2016, Harvest was granted a trial mining permit (Guia de Utilizaç&atil Following consultation with the Departamento Nacional de Produçã Having already applied to extend the Trial Mining Permit, Harvest can automatically continue operating under the Trial Mining Permit without interruption until a decision on the FML is reached. As part of the FML application process, Harvest will submit a Final Exploration Report to the DNPM detailing all of the geological, metallurgical and agronomic work Harvest has completed at the Project to date. Once this is approved, Harvest has a further one year to submit a feasibility study and the respective application to the DNPM. Approval of the FML is likely to take between 1-2 years depending on when Harvest decides to submit the feasibility study. As noted above, Harvest can continue to operate without interruption during this period. Harvest remains fully funded to complete the work associated with the FML application. | brooko19 | |
07/3/2018 19:31 | Thanks for your input today, cfro! Although I am a "bull" with regard to HMI, it is most welcome to have some SENSIBLE contrarian discussion here, as opposed to mischief making - which has tended to be the norm on this thread. | saucepan | |
07/3/2018 18:42 | ''The main part, they have an agreement to sell 50 KT of $60 per ton looks fine to me, it looks like a sale to a distributor for a fixed price.'' They have no such agreement! If you're to bash this at least read the RNS properly! Contract is for an initial supply of 36Kt of KPfértil · Supply will come from existing stock already produced at Arapua where annual capacity is being expanded to 320,000 tonnes · The sales price of KPfértil agreed between the two parties is BRL200/t (c.US$60/t) · Delivery will commence in early May 2018 Couldnt be any clearer ANDY, 36kt to be delivered starting may at $60 per ton | rogerny | |
07/3/2018 18:38 | ''You are saying that once 50kt is produced over say for instance 2 months that another trial license can then be applied for. Is it really as simple as that though. If that was the case then you would not need a full license.'' See below, ''Harvest was granted a trial mining permit (Guia de Utilizaç&atil ''Having already applied to extend the Trial Mining Permit, Harvest can automatically continue operating under the Trial Mining Permit without interruption until a decision on the FML is reached.'' ''For the avoidance of doubt, whilst this process is ongoing, production from Arapua can continue pursuant to the trial mining license unabated.'' Stated multiple times in both rns and podcasts we can keep producing, as much as possible, equates to 450k ton per year a full capacity! | rogerny | |
07/3/2018 18:29 | cfro, I agree, like many RNS for AIM companies, this one leaves questions to be answered. The main part, they have an agreement to sell 50 KT of $60 per ton looks fine to me, it looks like a sale to a distributor for a fixed price. No term for the contract though, nor an explanation as to what happens if MAPA delayed... | andy | |
07/3/2018 18:26 | chip, If people can just keep rolling 50K trial licences, why would anyone ever move to a full mining licence? That bit doesn't make sense to me, do you really think it works like that? | andy | |
07/3/2018 18:08 | Thanks brook19, but that particular RNS still does not give me sufficient info. | cfro | |
07/3/2018 16:40 | Incase you can’t access link it was 14th March 2017 “permit update” | brooko19 | |
07/3/2018 14:58 | Cfro it’s a rolling 50kt it does not need to be applied for it’s just rolling until the full mining licence is either granted or rejected I’ll find the podcast in which it’s specified for you later when I have time | brooko19 | |
07/3/2018 14:51 | Saucepan, I have not looked at it for ages. But given your prompt, perhaps I will and then get back to you. Thanks :-) | chipperfrd | |
07/3/2018 14:49 | cfro, Well, I can only repeat what I have heard from the COO. It is a rolling process which allows them to re-apply after each 50kt is completed. However, with this initial sales contract in the bag and with certification looking imminent and, given the government desire to reduce imports, it does look highly likely they will get a full extraction license soon anyway. Chip | chipperfrd | |
07/3/2018 14:46 | Noted, Chip; thanks. On that score, and o/t, have you looked at HZM? I wondered if it would appeal. I am recently invested there, as I thought it sounded a very promising story. I readily acknowledge, however, that you have far more expertise and insight than me when it comes to miners! | saucepan | |
07/3/2018 14:44 | chip - sorry to be pedantic but i still have clouded thinking here. I thought that the trial license only allowed 50kt a year. AM i not correct in assuming this then? You are saying that once 50kt is produced over say for instance 2 months that another trial license can then be applied for. Is it really as simple as that though. If that was the case then you would not need a full license. Surely there are limits to how much can be produced and in what time contraints within this trial license? | cfro | |
07/3/2018 14:40 | Saucepan, It makes such a nice change to be getting results so fast and at such a low CAPEX. As you probably know I invest mainly in mining projects that take 8-10 years from resource definition to production and that usually require US$100-150m of pre-production CAPEX. Very pleasant to have holdings in such a high margin start-up with early cash flow. Perhaps I should spend a bit more time looking beyond my usual mining universe :-} Chip | chipperfrd | |
07/3/2018 14:32 | parisv: Thanks for the podcast link. Heyhoe on the Agrocerrado sales order: "It's huge for us, to say we are pleased is an understatement". Agreed, all sounds very bullish. Thanks, too, for the number crunching, chip. | saucepan | |
07/3/2018 14:23 | $7.50 opex too. | parisv | |
07/3/2018 14:02 | It’s rolling so once they have produced 50kt they can produce another 50kt so yes they could produce the full | brooko19 |
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